Institutions and Innovation Systems: Future of the Business
Keywords:
Institution, Innovation System, TechnologyAbstract
Innovation systems contributes vitally for developing new technology and knowledge. And the desire of institutions achieved via research programs has created a nexus between projects and organizations, enabling interchanging skill and information which is in turn understood a vital component for the development of innovation. Many studies are conducted by researchers related with the institutions and innovation system’s efficiency. Methodology: This research work reviewed the literature related with the institutions, innovation systems and their relationship with the future prospects of business. Findings: Institutional desire finds the management of innovation system and interchange within the agents of innovation system actually which generates the knowledge and information are vital components for the innovation development. Implications: Innovation systems and desire of institutions provide an important basis for acquiring and transferring new information, knowledge, technology and skills. Creation of new information and knowledge and exchange of information and skills enables the organizations to achieve growth and working more efficiently. Originality: this research work is an original literature review work of author, in which all the references are justifiably cited.
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