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From ‘apparel to aerospace’, ‘steel to software’, the pace of technological innovation is quickening. No longer can companies afford to miss generation of technology and expect to remain competitive. Adding to the pressure, innovations are increasingly crossing industry boundaries; a new fibre developed by the textile industry has potential for building materials and medical equipment. Some companies are adept at using a diversity of technologies to create new products that transform markets. But many others are floundering because they rely on a technology strategy that no longer works in such a fast changing environment. The difference between success and failure is not how much a company spends on research and development(R&D), but how it approaches it. There are two possible approaches. Either a company can invest in R&D that uses an older generation of technology, the ‘breakthrough’ approach-or its focus on combining existing technologies into hybrid technologies - the ‘technologies fusion’ approach. It blends incremental technical improvements from several previously separate fields of technology to create products that revolutionise markets. In a world where the old maxim ‘one technology one industry’ no longer applies, a singular breakthrough strategy is inadequate; companies need to include both the breakthrough and fusion approaches in their technology strategy. Relying on breakthroughs alone fails because it focuses the R&D efforts to narrowly, ignoring the possibilities of combining technologies. Yet many western companies still rely almost exclusively - on the breakthrough approach. The reasons are complex: a distrust of outside innovations and not-invented here engineering and arrogance and aversion to sharing research results.Which of the following would correctly reflect the position regarding the two approaches to technology adoption?a) Both the approaches are to be used at the same timeb) ‘Breakthrough’ approach is only to be usedc) ‘Technology fusion’ approach is only to be usedd) ‘Breakthrough approach’ is preferable for many companiesCorrect answer is option 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about From ‘apparel to aerospace’, ‘steel to software’, the pace of technological innovation is quickening. No longer can companies afford to miss generation of technology and expect to remain competitive. Adding to the pressure, innovations are increasingly crossing industry boundaries; a new fibre developed by the textile industry has potential for building materials and medical equipment. Some companies are adept at using a diversity of technologies to create new products that transform markets. But many others are floundering because they rely on a technology strategy that no longer works in such a fast changing environment. The difference between success and failure is not how much a company spends on research and development(R&D), but how it approaches it. There are two possible approaches. Either a company can invest in R&D that uses an older generation of technology, the ‘breakthrough’ approach-or its focus on combining existing technologies into hybrid technologies - the ‘technologies fusion’ approach. It blends incremental technical improvements from several previously separate fields of technology to create products that revolutionise markets. In a world where the old maxim ‘one technology one industry’ no longer applies, a singular breakthrough strategy is inadequate; companies need to include both the breakthrough and fusion approaches in their technology strategy. Relying on breakthroughs alone fails because it focuses the R&D efforts to narrowly, ignoring the possibilities of combining technologies. Yet many western companies still rely almost exclusively - on the breakthrough approach. The reasons are complex: a distrust of outside innovations and not-invented here engineering and arrogance and aversion to sharing research results.Which of the following would correctly reflect the position regarding the two approaches to technology adoption?a) Both the approaches are to be used at the same timeb) ‘Breakthrough’ approach is only to be usedc) ‘Technology fusion’ approach is only to be usedd) ‘Breakthrough approach’ is preferable for many companiesCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for From ‘apparel to aerospace’, ‘steel to software’, the pace of technological innovation is quickening. No longer can companies afford to miss generation of technology and expect to remain competitive. Adding to the pressure, innovations are increasingly crossing industry boundaries; a new fibre developed by the textile industry has potential for building materials and medical equipment. Some companies are adept at using a diversity of technologies to create new products that transform markets. But many others are floundering because they rely on a technology strategy that no longer works in such a fast changing environment. The difference between success and failure is not how much a company spends on research and development(R&D), but how it approaches it. There are two possible approaches. Either a company can invest in R&D that uses an older generation of technology, the ‘breakthrough’ approach-or its focus on combining existing technologies into hybrid technologies - the ‘technologies fusion’ approach. It blends incremental technical improvements from several previously separate fields of technology to create products that revolutionise markets. In a world where the old maxim ‘one technology one industry’ no longer applies, a singular breakthrough strategy is inadequate; companies need to include both the breakthrough and fusion approaches in their technology strategy. Relying on breakthroughs alone fails because it focuses the R&D efforts to narrowly, ignoring the possibilities of combining technologies. Yet many western companies still rely almost exclusively - on the breakthrough approach. The reasons are complex: a distrust of outside innovations and not-invented here engineering and arrogance and aversion to sharing research results.Which of the following would correctly reflect the position regarding the two approaches to technology adoption?a) Both the approaches are to be used at the same timeb) ‘Breakthrough’ approach is only to be usedc) ‘Technology fusion’ approach is only to be usedd) ‘Breakthrough approach’ is preferable for many companiesCorrect answer is option 'A'. Can you explain this answer?.

Solutions for From ‘apparel to aerospace’, ‘steel to software’, the pace of technological innovation is quickening. No longer can companies afford to miss generation of technology and expect to remain competitive. Adding to the pressure, innovations are increasingly crossing industry boundaries; a new fibre developed by the textile industry has potential for building materials and medical equipment. Some companies are adept at using a diversity of technologies to create new products that transform markets. But many others are floundering because they rely on a technology strategy that no longer works in such a fast changing environment. The difference between success and failure is not how much a company spends on research and development(R&D), but how it approaches it. There are two possible approaches. Either a company can invest in R&D that uses an older generation of technology, the ‘breakthrough’ approach-or its focus on combining existing technologies into hybrid technologies - the ‘technologies fusion’ approach. It blends incremental technical improvements from several previously separate fields of technology to create products that revolutionise markets. In a world where the old maxim ‘one technology one industry’ no longer applies, a singular breakthrough strategy is inadequate; companies need to include both the breakthrough and fusion approaches in their technology strategy. Relying on breakthroughs alone fails because it focuses the R&D efforts to narrowly, ignoring the possibilities of combining technologies. Yet many western companies still rely almost exclusively - on the breakthrough approach. The reasons are complex: a distrust of outside innovations and not-invented here engineering and arrogance and aversion to sharing research results.Which of the following would correctly reflect the position regarding the two approaches to technology adoption?a) Both the approaches are to be used at the same timeb) ‘Breakthrough’ approach is only to be usedc) ‘Technology fusion’ approach is only to be usedd) ‘Breakthrough approach’ is preferable for many companiesCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

Here you can find the meaning of From ‘apparel to aerospace’, ‘steel to software’, the pace of technological innovation is quickening. No longer can companies afford to miss generation of technology and expect to remain competitive. Adding to the pressure, innovations are increasingly crossing industry boundaries; a new fibre developed by the textile industry has potential for building materials and medical equipment. Some companies are adept at using a diversity of technologies to create new products that transform markets. But many others are floundering because they rely on a technology strategy that no longer works in such a fast changing environment. The difference between success and failure is not how much a company spends on research and development(R&D), but how it approaches it. There are two possible approaches. Either a company can invest in R&D that uses an older generation of technology, the ‘breakthrough’ approach-or its focus on combining existing technologies into hybrid technologies - the ‘technologies fusion’ approach. It blends incremental technical improvements from several previously separate fields of technology to create products that revolutionise markets. In a world where the old maxim ‘one technology one industry’ no longer applies, a singular breakthrough strategy is inadequate; companies need to include both the breakthrough and fusion approaches in their technology strategy. Relying on breakthroughs alone fails because it focuses the R&D efforts to narrowly, ignoring the possibilities of combining technologies. Yet many western companies still rely almost exclusively - on the breakthrough approach. The reasons are complex: a distrust of outside innovations and not-invented here engineering and arrogance and aversion to sharing research results.Which of the following would correctly reflect the position regarding the two approaches to technology adoption?a) Both the approaches are to be used at the same timeb) ‘Breakthrough’ approach is only to be usedc) ‘Technology fusion’ approach is only to be usedd) ‘Breakthrough approach’ is preferable for many companiesCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of From ‘apparel to aerospace’, ‘steel to software’, the pace of technological innovation is quickening. No longer can companies afford to miss generation of technology and expect to remain competitive. Adding to the pressure, innovations are increasingly crossing industry boundaries; a new fibre developed by the textile industry has potential for building materials and medical equipment. Some companies are adept at using a diversity of technologies to create new products that transform markets. But many others are floundering because they rely on a technology strategy that no longer works in such a fast changing environment. The difference between success and failure is not how much a company spends on research and development(R&D), but how it approaches it. There are two possible approaches. Either a company can invest in R&D that uses an older generation of technology, the ‘breakthrough’ approach-or its focus on combining existing technologies into hybrid technologies - the ‘technologies fusion’ approach. It blends incremental technical improvements from several previously separate fields of technology to create products that revolutionise markets. In a world where the old maxim ‘one technology one industry’ no longer applies, a singular breakthrough strategy is inadequate; companies need to include both the breakthrough and fusion approaches in their technology strategy. Relying on breakthroughs alone fails because it focuses the R&D efforts to narrowly, ignoring the possibilities of combining technologies. Yet many western companies still rely almost exclusively - on the breakthrough approach. The reasons are complex: a distrust of outside innovations and not-invented here engineering and arrogance and aversion to sharing research results.Which of the following would correctly reflect the position regarding the two approaches to technology adoption?a) Both the approaches are to be used at the same timeb) ‘Breakthrough’ approach is only to be usedc) ‘Technology fusion’ approach is only to be usedd) ‘Breakthrough approach’ is preferable for many companiesCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for From ‘apparel to aerospace’, ‘steel to software’, the pace of technological innovation is quickening. No longer can companies afford to miss generation of technology and expect to remain competitive. Adding to the pressure, innovations are increasingly crossing industry boundaries; a new fibre developed by the textile industry has potential for building materials and medical equipment. Some companies are adept at using a diversity of technologies to create new products that transform markets. But many others are floundering because they rely on a technology strategy that no longer works in such a fast changing environment. The difference between success and failure is not how much a company spends on research and development(R&D), but how it approaches it. There are two possible approaches. Either a company can invest in R&D that uses an older generation of technology, the ‘breakthrough’ approach-or its focus on combining existing technologies into hybrid technologies - the ‘technologies fusion’ approach. It blends incremental technical improvements from several previously separate fields of technology to create products that revolutionise markets. In a world where the old maxim ‘one technology one industry’ no longer applies, a singular breakthrough strategy is inadequate; companies need to include both the breakthrough and fusion approaches in their technology strategy. Relying on breakthroughs alone fails because it focuses the R&D efforts to narrowly, ignoring the possibilities of combining technologies. Yet many western companies still rely almost exclusively - on the breakthrough approach. The reasons are complex: a distrust of outside innovations and not-invented here engineering and arrogance and aversion to sharing research results.Which of the following would correctly reflect the position regarding the two approaches to technology adoption?a) Both the approaches are to be used at the same timeb) ‘Breakthrough’ approach is only to be usedc) ‘Technology fusion’ approach is only to be usedd) ‘Breakthrough approach’ is preferable for many companiesCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of From ‘apparel to aerospace’, ‘steel to software’, the pace of technological innovation is quickening. No longer can companies afford to miss generation of technology and expect to remain competitive. Adding to the pressure, innovations are increasingly crossing industry boundaries; a new fibre developed by the textile industry has potential for building materials and medical equipment. Some companies are adept at using a diversity of technologies to create new products that transform markets. But many others are floundering because they rely on a technology strategy that no longer works in such a fast changing environment. The difference between success and failure is not how much a company spends on research and development(R&D), but how it approaches it. There are two possible approaches. Either a company can invest in R&D that uses an older generation of technology, the ‘breakthrough’ approach-or its focus on combining existing technologies into hybrid technologies - the ‘technologies fusion’ approach. It blends incremental technical improvements from several previously separate fields of technology to create products that revolutionise markets. In a world where the old maxim ‘one technology one industry’ no longer applies, a singular breakthrough strategy is inadequate; companies need to include both the breakthrough and fusion approaches in their technology strategy. Relying on breakthroughs alone fails because it focuses the R&D efforts to narrowly, ignoring the possibilities of combining technologies. Yet many western companies still rely almost exclusively - on the breakthrough approach. The reasons are complex: a distrust of outside innovations and not-invented here engineering and arrogance and aversion to sharing research results.Which of the following would correctly reflect the position regarding the two approaches to technology adoption?a) Both the approaches are to be used at the same timeb) ‘Breakthrough’ approach is only to be usedc) ‘Technology fusion’ approach is only to be usedd) ‘Breakthrough approach’ is preferable for many companiesCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice From ‘apparel to aerospace’, ‘steel to software’, the pace of technological innovation is quickening. No longer can companies afford to miss generation of technology and expect to remain competitive. Adding to the pressure, innovations are increasingly crossing industry boundaries; a new fibre developed by the textile industry has potential for building materials and medical equipment. Some companies are adept at using a diversity of technologies to create new products that transform markets. But many others are floundering because they rely on a technology strategy that no longer works in such a fast changing environment. The difference between success and failure is not how much a company spends on research and development(R&D), but how it approaches it. There are two possible approaches. Either a company can invest in R&D that uses an older generation of technology, the ‘breakthrough’ approach-or its focus on combining existing technologies into hybrid technologies - the ‘technologies fusion’ approach. It blends incremental technical improvements from several previously separate fields of technology to create products that revolutionise markets. In a world where the old maxim ‘one technology one industry’ no longer applies, a singular breakthrough strategy is inadequate; companies need to include both the breakthrough and fusion approaches in their technology strategy. Relying on breakthroughs alone fails because it focuses the R&D efforts to narrowly, ignoring the possibilities of combining technologies. Yet many western companies still rely almost exclusively - on the breakthrough approach. The reasons are complex: a distrust of outside innovations and not-invented here engineering and arrogance and aversion to sharing research results.Which of the following would correctly reflect the position regarding the two approaches to technology adoption?a) Both the approaches are to be used at the same timeb) ‘Breakthrough’ approach is only to be usedc) ‘Technology fusion’ approach is only to be usedd) ‘Breakthrough approach’ is preferable for many companiesCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice UPSC tests.