Leveraging the knowledge economy
- Details
- Published: Wednesday, 05 May 2021 00:35
- Written by Jonathan D'Oleo Puig
In today’s economy the chief differentiator is, arguably, knowledge, not power, wealth or title. More specifically, it is technology, otherwise known as applied science, which, in many instances, has the greatest potential of making a business successful. When used properly, technology adds value to both the supply side and the demand side of the equation.
As a matter of fact, research and development systems that use state-of-the-art technology give rise to the majority of products and services that dominate the marketplace in both quantity and quality. A promotion and distribution infrastructure like that of amazon.com allows producers and consumers to maximize value on the basis of information coupled with the scale, concentration and diversification of product inventory.
