Question

In: Operations Management

What innovation and change can bring to the society and country?

What innovation and change can bring to the society and country?

Solutions

Expert Solution

Innovation and change are two avenues which can bring positive growth and productivity of a country. Be it a developed country or developing or under-developed country, innovation and change are two important aspects that are continuously needed by all.

Let's say for example, developed and developing nations constantly have environmental challenges. Innovation is very crucial for tackling environmental challenges like limiting climate change, reducing global greenhouse gas emissions and maintaining biodiversity. Therefore, Innovation in developing and developed nations help in addressing environmental challenges through the introduction of new technologies.

Similarly, in under developed nations, health is primary concern among the people. They also have social challenges and inequalities. Innovation and change can help in alleviating those social challenges and inequalities and help reduce differences in living standards between groups in society. It also provides better standards of living and health facilities to all the ages of the people. This will thereby increase the life expectancy and help individuals live healthier.

Innovation and change play a very prominant role in bringing a positive change in the society. It also helps in increasing employment opportunities in the country. Positive changes in the societies and communities will bring in positive change in the nation as well.


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