INNOVATION DYNAMICS: A STUDY OF DIFFUSION MODEL WITH EFFICIENCY RESTRICTIONS AND POLICY MAKING

Technology is the privilege. One can?t simply define the future prediction if he/she doesn?t give priority to the theoretical assumption rather than just doing the R&D. Technology really changes over the time. Technological innovation diffusion refers to the continuous promotion and application for new technology after the earlier commercialization. The thing is like, new technology will spread and promote among the potential adopters. General model of technological diffusion explains the development of new technology diffusion by S-type logical curve. It is the curve that measures the improvement amounts over the time of decades or century. Dynamic model of technological innovation diffusion can be explained by Alembert principle. In this part of theorem, it is shown that diffusion speed of technology innovation is inversely proportion to the complexity of technology. Technology and innovation should run simultaneously with each other and get the potential of economic value. A Country need better policy to design the structure of management.