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Overcoming Barriers in Technology Innovation Implementation

By (author) Davinder Singh

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The contribution of the manufacturing sector to economic growth is immense. However, this sector faces significant constraints and pressures to maintain its competitiveness in developing countries in the era of globalization. Challenges such as competition from multinational companies, lack of finance, economic recessions, and low demand are increasingly problematic. In today's competitive environment, the manufacturing sector must capitalize on new market opportunities and confront rising competition from developed economiesâ€”an endeavour that can only be achieved through technological innovation.This book identifies the barriers to implementing technological innovation in the manufacturing sector, paving the way for improved performance in this competitive landscape, particularly in developing economies. Both primary and secondary data were collected and analysed in this study to provide a comprehensive examination of the issues and to justify the problem statement.

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