Concept information
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sociology of work
sociology of work encyc
digital and computer revolution: reshaping jobs and workplaces
innovation
Preferred term
innovation in low-tech industries
Definition
- Innovation in low-tech industries is an expression that has not yet attained a universal definition. The term innovation is defined by the Organisation for Economic Co-operation and Development (OECD) as “the transformation of an idea into a new or improved product introduced on the market or a new or improved operational process used in industry and commerce” or “a new approach to a social service,” whereas “low-tech” can be understood, by reference to the OECD's sectoral list, as those industries that have a low degree of research and development (R&D) intensity over longer periods of time. [Source: Encyclopedia of New Venture Management; Innovation in Low-Tech Industries]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/innovation_in_low-tech_industries
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