Proceedings of the 6th International Conference on Electronic, Mechanical, Information and Management Society

Review of Innovation Theory Research on Low and Medium Technology Industry

Authors
Shouyu Chen
Corresponding Author
Shouyu Chen
Available Online April 2016.
DOI
https://doi.org/10.2991/emim-16.2016.91How to use a DOI?
Keywords
Innovation; Low and medium technology (LMT); Industry; Strategy; Policy
Abstract
In the age of “knowledge economy”, the innovations in high-tech industries, especially in information and communications technologies (ICT), and biotechnology industries are regarded as the hot topics among academic and policy makers. However, the traditional (mature) industries still account for large shares of employment, production and exports in virtually almost all countries – and will continue to do so for quite some time. Therefore, there are some scholars who pay special attention to low- and medium-technology (LMT) Industries’ innovations, and have made some achievements. Based on a part of literature of LMT Industries’ innovations theories, the subjects of the characteristics, strategies, and policies in LMT Industries’ innovation s are discussed in the paper: 1) the characteristics of the innovation in LMT industries are dominated suppliers, new technologies, market demand and external sources of innovation; 2) Incremental innovation and architectural innovation (or step-by-step, customer oriented, process specialization) are perhaps the suitable strategy choices in LMT industries; 3) the policy makers should pay more attention to the innovation in the LMT industries and develop the customized supportive policy to boost technical progress and upgrade the LMT industries. Innovation is a complicated thing; the paper provides useful meanings for policy makers and managers to better understand innovation in LMT Industries.
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Proceedings
6th International Conference on Electronic, Mechanical, Information and Management Society
Part of series
Advances in Computer Science Research
Publication Date
April 2016
ISBN
978-94-6252-176-6
ISSN
2352-538X
DOI
https://doi.org/10.2991/emim-16.2016.91How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Shouyu Chen
PY  - 2016/04
DA  - 2016/04
TI  - Review of Innovation Theory Research on Low and Medium Technology Industry
BT  - 6th International Conference on Electronic, Mechanical, Information and Management Society
PB  - Atlantis Press
SN  - 2352-538X
UR  - https://doi.org/10.2991/emim-16.2016.91
DO  - https://doi.org/10.2991/emim-16.2016.91
ID  - Chen2016/04
ER  -