Economic growth in developed countries relies on solving the productivity puzzle: How can we increase the amount of economic output produced for every hour of labour? As gross domestic product, labour productivity is calculated in practice. Economy-wide productivity gains frequently rely on technological innovation, which can straddle various types, including product versus process, radical versus incremental, and disruptive versus sustaining.
This technical note considers four of the most famous strategies to drive geographical bunches: intellectual property protection; productivity growth; investments in science, technology, engineering, and mathematics; and nurturing an entrepreneurial spirit.
PUBLICATION DATE: June 24, 2016 PRODUCT #: W16369-HCB-ENG
This is just an excerpt. This case is about LEADERSHIP & MANAGING PEOPLE
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