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Active investment in China, finding more market opportunities in China, and strengthening the cooperative relationship with China have so far been successful paths for Korean companies and the government to take in response to China's new economic might. It is uncertain whether Korea can maintain its market position in both Chinese and world markets in the future as China becomes more competitive in many industries where Korea currently has a relative advantage. What should Korea do to confront these uncertainties and to maintain its economic dynamism? What should Korea do to maintain its economic dynamism in light of these uncertainties? What would be appropriate strategies and policies for Korea to pursue, particularly in science and technology? This study develops a simple model of the Korean economy and four alternative S & T strategies that Korea could follow and shows how those strategies may affect Korean prosperity, explicitly considering the many uncertainties that Korea confronts. Using the metric of average annual rate of growth in GDP per capita for Korea during the period leading to 2015, the authors assess each strategy for performance across an ensemble of 100 future scenarios.
This book is the first collection of scholarly writings on science and technology parks (STPs) that has an international perspective. It explores concrete ways to systematically collect information on public and private organizations related to their support of and activities in STPs, including incubation to start-up and scale-up, and collaborations with centers of knowledge creation. Rather than perpetuate the qualitative assessment of successful practices, the focus of this book is to present quantitative and qualitative evidence of the impact of STPs on regional development and to raise awareness on the importance of systematic data collection and analysis. Only through a systematic collection of data on fiscal identification numbers of companies, universities, and university spin-offs will it be possible to conduct current and especially future analyses on the impact of STPs on entrepreneurship, effectiveness of technology transfer, and regional economic development. To this extent, the synergistic views of academics, representatives from STPs, and policy experts are crucial.
Analysing past and ongoing trends that have shaped the landscape of universities worldwide, this book explores the possible paths for the future of universities along three main dimensions characterizing key strategic choices: knowledge creation and dissemination, relationships within society and governance mechanisms. By sharing reflections and offering directions on the changing role of technical universities, especially in Europe, this book considers the change and disruption that are causing universities to reconsider their role. This book: provides an up-to-date picture of the role of technical universities in the European context critically discusses the strengths and weaknesses of technical universities identifies emerging challenges that will shape their evolution going forward provides insight into how current models can be adapted and adopted for future use Impinging on extensive transdisciplinary research, this book highlights the need of the technical university within society and its role not only to improve skills, but education in the most articulated sense, to train future citizens and professionals. The book is a must-read for all those interested in the future of technical universities.
Drawing on data generated by the EU’s Interests and Recruitment in Science (IRIS) project, this volume examines the issue of young people’s participation in science, technology, engineering and mathematics education. With an especial focus on female participation, the chapters offer analysis deploying varied theoretical frameworks, including sociology, social psychology and gender studies. The material also includes reviews of relevant research in science education and summaries of empirical data concerning student choices in STEM disciplines in five European countries. Featuring both quantitative and qualitative analyses, the book makes a substantial contribution to the developing theoretical agenda in STEM education. It augments available empirical data and identifies strategies in policy-making that could lead to improved participation—and gender balance—in STEM disciplines. The majority of the chapter authors are IRIS project members, with additional chapters written by specially invited contributors. The book provides researchers and policy makers alike with a comprehensive and authoritative exploration of the core issues in STEM educational participation.
This book seeks to answer “why, when and how are real options used in strategic technology venturing?” This work tests for the role of real options in decision making involving three types of firms in decreasing order of technology-dependence – technology-driven (TD) (where the profit is fully dependent on new technology creation and leveraging), technology-based (TB) (where the profit is enabled and supported by technology) and technology-neutral (TN) (where the profit is almost independent of technology). It also deals with strategic and non-strategic types of decisions driven by real options. This analysis shows that an environment presenting co-opetitive (simultaneous competition and collaboration) conditions triggers the use of real options (why), that serve to transform the position, posture and propensity of businesses to innovate and thus they co-evolve (when) into more effective and efficient forms of businesses (co-specialization) (how). The authors demonstrate that embracing risk and uncertainty can increase levels and probability of new venture formation. However, their simulation also shows that it should be adapted to the risk profile of the firm and that timing is also a factor to be considered. Although engaging the concepts of real options, this analysis does not focus on a specific investment valuation methodology, but highlights the relationship between knowledge and risk and rather addresses the management of mindsets, as moving towards a systematic conceptualization of real options represents a different paradigm in decision making.
The health and longevity of our Nation's, citizenry, economy and environmental resources depend in large part on the acceleration of scientific and technological innovations, such as those that improve health care, inspire new industries, protect the environment, and safeguard us from harm. Maintaining America's historical preeminence in the STEM fields will require a concerted and inclusive effort to ensure that the STEM workforce is equipped with the skills and training needed to excel in these fields.President Obama believes that now is a time of opportunity – that we can build a true “all hands on deck” effort to move America forward and address this challenge. During the President's first term, the Administration used multiple strategies to make progress on improving STEM education.
This book seeks to answer “why, when and how are real options used in strategic technology venturing?” This work tests for the role of real options in decision making involving three types of firms in decreasing order of technology-dependence – technology-driven (TD) (where the profit is fully dependent on new technology creation and leveraging), technology-based (TB) (where the profit is enabled and supported by technology) and technology-neutral (TN) (where the profit is almost independent of technology). It also deals with strategic and non-strategic types of decisions driven by real options. This analysis shows that an environment presenting co-opetitive (simultaneous competition and collaboration) conditions triggers the use of real options (why), that serve to transform the position, posture and propensity of businesses to innovate and thus they co-evolve (when) into more effective and efficient forms of businesses (co-specialization) (how). The authors demonstrate that embracing risk and uncertainty can increase levels and probability of new venture formation. However, their simulation also shows that it should be adapted to the risk profile of the firm and that timing is also a factor to be considered. Although engaging the concepts of real options, this analysis does not focus on a specific investment valuation methodology, but highlights the relationship between knowledge and risk and rather addresses the management of mindsets, as moving towards a systematic conceptualization of real options represents a different paradigm in decision making.