Strategy for Technology and Innovation in Global Perspective

Innovations are significant for economic and social development in an increasingly globalised world. High levels of investment in research and innovation are crucial for economic competitiveness which makes distinctive improvements to quality of life. Competition on innovation is to create environment for improvements in efficiency, quality, and productivity and a growing emerging technologies. The purpose of this paper is to highlight strategies to be adopted for technology and innovation enhancement in global context. An extensive literature review was done to conduct this study. The strategy aims to deliver people and organisations with the initiative to succeed and introduce new resources. There should be continuous rise in the development of the scientific field of technology management corresponding to the practical needs of managing technology as the fundamental source of competitive advantage of organisations and economies. Cooperation among governments, enterprises, and universities is the fundamental of an innovation system.