Economic value

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Synopsis: Entrepreneurship: Economics: Economics: Economic value:

While innovators are expected to supply an economic value, they also have a duty to evaluate and reduce the impact of their activity on natural ecosystems

and reward the creation of economic value and jobs. What example can be given by politics that never lead a company?

because the services sector has seen a dramatic rise in its share of economic value added in recent years (rising for example from 55%to 70%of Japanese

the discussion has been oriented implicitly around the creation of economic value added. But a further ramification of a broader notion of innovation is need the to consider its social contribution.

The economic value of the CEB soft supports depends somewhat on the prevailing economic environment and unemployment levels.

Technology per se has no economic value; indeed, the economic value of technology is realized when companies develop and commercialize it through a particular business model.

In all our interviews, managers emphasized that business models play a primary role in SMES in low-and medium-tech industries, not the technology.

The economic value of a technology only emerges when it is commercialized in some way. 14 It is the business model that determines the economic value of a new technology by indicating how customer value will be created

and how the company can capture value from that technology. In contrast with other innovation reports,

MA. 14 The role of the business model creating economic value from technological inventions is one of the central themes in Chesbrough, H. W. 2003), Open innovation;

Creative Europe was developed in response to a widely held view that SMES in the CCI sector experience particular difficulties in assessing the economic value of such intangible assets as novelty, soft innovation,

Thomson Reuters 20 R&dmagazine December 2013 www. rdmag. com 2014 GLOBAL R&d FUNDING FORECAST Maximizing the Economic value of R&d:

and Offer spectacular tourism and leisure opportunities and a rich maritime culture and heritage. 2015 ACTION PLAN FOR JOBS 119 The direct economic value of Ireland's ocean economy was estimated at some €1

Material productivity expresses the amount of economic value generated by a unit of material input or consumption.

Energy productivity expresses the amount of economic value generated by one unit of energy input or consumption. 5 SERI 2011, Global Material Flow Database. 2011 Version. www. materialflows

the legal rights-related issues of social network such as the management of personal data and the potential economic value of users activities on social networks and the engagement and security issues of CAPS. 6 Tab. 2-CAPS ongoing project

must be driven primarily by economic value. In contrast, the social innovator's projects are driven primarily by social values,

and talent increasing social and community benefits 3. Increased fixed asset use giving economic value to more people 4. Increased fixed asset use giving social and community value to more people 5

. Increased creation of viable shared assets giving more economic value to more people 6. Increased creation of viable shared assets giving more social and community value to more people 7

Increased existing asset use giving more economic value to more people Increased existing asset use giving more social and community value to more people. 55 www. rentez-vous. com 65 3. Creating new shared

Increased creation of new shared assets giving more economic value to more people Increased creation of new shared assets giving more social and community value to more people In addition, there is also one theme

Sharing existing dormant assets 3. Increased fixed asset use giving more economic value to more people Streetbank:

Creating new shared assets 5. Increased creation of new shared assets giving more economic value to more people Repair Cafés:

online open data and open data communities create new content and knowledge for developing new products and services in for example hackathons and other physical events with economic value

USEMP aims at empowering social network users with regards to the sharing of their personal data and its potential economic value.

or the connection between personal data, economic value, and currencies (USEMP). Moreover, assessment of the CAPS projects themselves is key to these projects,

social value, collection value, educational value and economic value, are becoming increasingly important as museums strive to balance new technological developments, economic challenges and a changing public.

Theseofferings range from consulting or advisory services, on-site mentoring, matchmaking between designers and businesses, education and training anddissemination of information about the economic value of design.

Today, Germany's ICT industry generates almost 85 billion euros of economic value added, and therefore contributes more to the economy than the traditional industries such as mechanical engineering or automotive.

First Findings,(Eurofound, 2011), 5. 23 Clive R. Belfield, Henry M. Levin, Rachel Rosen, The Economic value of Opportunity Youth,(Washington, D c.:

"The Economic value of Opportunity Youth.""Washington, D c.:Corporation for National and Community Service and the White house Council for Community Solutions, 2012.

which involves creating economic value in a way that also creates value for society by addressing its needs and challenges.

but the return will be greater economic value and broader strategic benefits for all participants. The Roots of Shared Value At a very basic level, the competitiveness of a company and the health of the communities around it are intertwined closely.

How Shared Value Is created Companies can create economic value by creating societal value. There are three distinct ways to do this:

creating major economic value for the company. Employee productivity. The focus on holding down wage levels, reducing benefits,

and unlock new economic value that most businesses have missed. Enabling Local Cluster Development No company is self-contained.

The opportunity to create economic value through creating societal value will be one of the most powerful forces driving growth in the global economy.

Companies will come to understand that the right kind of regulation can actually foster economic value creation. Finally, regulation will be needed to limit the pursuit of exploitative, unfair,

But that purpose should arise not out of charity but out of a deeper understanding of competition and economic value creation.

but self-interested behavior to create economic value by creating societal value. If all companies individually pursued shared value connected to their particular businesses,

and expertise of the company to create economic value by creating social value. In both cases, compliance with laws and ethical standards and reducing harm from corporate activities are assumed.

and do not depart from economic value creation. Instead, they represent the next stage in our understanding of markets

the legal rights-related issues of social network such as the management of personal data and the potential economic value of users activities on social networks and the engagement and security issues of CAPS. 6 Tab. 2-CAPS ongoing project

must be driven primarily by economic value. In contrast, the social innovator's projects are driven primarily by social values,

USEMP aims at empowering social network users with regards to the sharing of their personal data and its potential economic value.

or the connection between personal data, economic value, and currencies (USEMP). Moreover, assessment of the CAPS projects themselves is key to these projects,

and economic value is understood relatively well, yet its potential for solving large-scale social challenges remains largely untapped.

which create new forms of value that are limited not to economic value, but that result in largescale social impact.

The European commission estimates the economic value of the PSI market at approximately €40 billion per annum. The 2013 revision of the European commission Directive on the reuse of public sector information will further enable the opening of public sector data in a harmonised and more transparent way.

on the other, they pursue to increase economic value by involving developers and entrepreneurs. The commonly accepted premise underlying these objectives is that the publishing of government data in a reusable format can strengthen citizen engagement and participation and yield new innovative businesses.

on the other, they pursue an increase economic value by involving developers and entrepreneurs. This report will focus on the governments that mainly foster the second objective and,

and reputation Open/big data Organization of competitions Support for networking Knowledge sharing and dissemination New services Generation of economic value Transparency Political incentives (reputation) Technical support Monetary incentives

local governments are driven also by the possibility that companies produce economic value from their public data, creating services and applications from those free data.

and economic value is understood relatively well. But, despite the founding ethos of technologies like the World wide web being aligned to social good,

and the technical that create new forms of value that are limited not to economic value, but that result in large-scale social impact,

The European commission estimates the economic value of the PSI market at approximately €40 billion per annum. The 2013 revision of the European commission Directive on the reuse of public sector information will further enable the opening of public sector data in a harmonised and more transparent way,

and economic value is understood relatively well. But, despite the founding ethos of technologies like the World wide web being aligned to social good,

and the technical that create new forms of value that are limited not to economic value, but that result in large-scale social impact,

The European commission estimates the economic value of the PSI market at approximately €40 billion per annum. The 2013 revision of the European commission Directive on the reuse of public sector information will further enable the opening of public sector data in a harmonised and more transparent way,

PDF 29 http://ec. europa. eu/information society/policy/psi/revision directive/index en. htm 10 which will greatly contribute to bringing the economic value of PSI to the market.

Material productivity expresses the amount of economic value generated by a unit of material input or consumption.

Energy productivity expresses the amount of economic value generated by one unit of energy input or consumption. 5 SERI 2011, Global Material Flow Database. 2011 Version. www. materialflows

Portugal still struggles to extract economic value out of its scientific excellence, and Portuguese business innovation lags behind its European peers in technological outputs of the innovation effort.

) WK1 16 because it maximises the ability of firms to appropriate economic value accruing from their investments in new knowledge,

and knowledge developed for a particular application can have economic value in very different applications. As Glaeser et al. observed, intellectual breakthroughs must cross hallways and streets more easily than oceans and continents..

Although comparability of patent data is limited due to different economic values a patent may represent, different degrees of technological novelty and different degrees of actual applicability,

Although comparability of patent data is limited due to different economic values a patent may represent different degrees of technological novelty and different regulations of national patent offices, patent data are

Patents represent different economic values and different degrees of technological novelty. Though many efforts have been made to quantify the value of patents,

These patents are likely to represent higher economic values since these applications are more costly than applying just at a single national patent office.

Stakeholder Interests and Influence With recognition of the potential economic value that creative, digital clusters can bring to local,

and make the case for new policies to enable innovation to support the creation of shared social and economic value.

The underlying motive of innovation has been generating economic value. However, looking ahead to the society in the future,

not only create economic value but also enhance social institution. Therefore. NPO, civil society are to be involved, which are rather low key in field of traditional innovation as‘Actor'in charge of leading innovation.

and economic value is understood relatively well, yet its potential for solving large-scale social challenges remains largely untapped.

which create new forms of value that are limited not to economic value, but that result in largescale social impact.

The European commission estimates the economic value of the PSI market at approximately €40 billion per annum. The 2013 revision of the European commission Directive on the reuse of public sector information will further enable the opening of public sector data in a harmonised and more transparent way.

These justifications go much beyond the alleged classical benefits of innovation for job and economic value creation.

Public sector is central in the delivery of many services of social and economic value. In this regard, it has a pivotal role in answering (together with private stakeholders and the civil society) today's major societal challenges such as demographic ageing, increased demand for healthcare services, risk

and higher-level conceptual skills that will enable enterprises to increase productivity and harness ICT to produce greater economic value.

It is estimated that the annual economic value of the recycling industry will soon reach over £1 billion in Western europe.

Known technology/capacity to produce energy with economic value. Example: Tires, rubber in hoses. Cannot be disassembled.

) WK1 16 because it maximises the ability of firms to appropriate economic value accruing from their investments in new knowledge,

and knowledge developed for a particular application can have economic value in very different applications. As Glaeser et al. observed, intellectual breakthroughs must cross hallways and streets more easily than oceans and continents..

The paper solidifies the issue of knowledge's impact on the economic value of product development by proposing new concepts such as the Knowledge Embedded Value (or KEV) and the Knowledge Embedded Value Margin (or KEVAM.

and has forced also OECD governments to look more closely at where economic value is created along global value chains,

emerging‘activities'may lack evidence-based potential economic value, opportunities for new start-ups or technology exploitation for existing companies.

ii) to create economic value for the Flemish economy; and iii) to help Flanders to obtain a strong position in European networks in this domain.

the question whether Nfh has a potential economic value for the Flemish OECD 2013 63 economy is difficult to predict.

commitments under the Department of Jobs, Enterprise and Innovation (DJEI) Action Plans for Jobs 2012-2014 have identified the need to target areas that are most likely to create economic value and jobs.

thus showing how much ICT services cost relative to the economic value generated by each country. However, overall economic levels

and economic value is understood relatively well, yet its potential for solving large-scale social challenges remains largely untapped.

which create new forms of value that are limited not to economic value, but that result in largescale social impact.

The European commission estimates the economic value of the PSI market at approximately €40 billion per annum. The 2013 revision of the European commission Directive on the reuse of public sector information will further enable the opening of public sector data in a harmonised and more transparent way.

combining social and economic values using enablers, such as ICT. Technology is an enabler among a series of other enablers

combining social and economic values using enablers, such as ICT. We think that technology is only an enabler among a series of other enablers

but they still convey very important economic value as well as social value developing knowledge, educating employees and tackling public health challenges.

Joseph Schumpeter referred to an entrepreneur as a driver of economy who by combining assets (including technologies) in new ways creates new opportunities, new markets, new economic values and effectively new demand and supply curves.

Technology per se has no economic value; indeed, the economic value of technology is realized when companies develop and commercialize it through a particular business model.

In all our interviews, managers emphasized that business models play a primary role in SMES in low-and medium-tech industries, not the technology.

The economic value of a technology only emerges when it is commercialized in some way. 14 It is the business model that determines the economic value of a new technology by indicating how customer value will be created

and how the company can capture value from that technology. In contrast with other innovation reports,

MA. 14 The role of the business model creating economic value from technological inventions is one of the central themes in Chesbrough, H. W. 2003), Open innovation;

Technology per se has no economic value; indeed, the economic value of technology is realized when companies develop and commercialize it through a particular business model.

In all our interviews, managers emphasized that business models play a primary role in SMES in low-and medium-tech industries, not the technology.

The economic value of a technology only emerges when it is commercialized in some way. 14 It is the business model that determines the economic value of a new technology by indicating how customer value will be created

and how the company can capture value from that technology. In contrast with other innovation reports,

MA. 14 The role of the business model creating economic value from technological inventions is one of the central themes in Chesbrough, H. W. 2003), Open innovation;

These justifications go much beyond the alleged classical benefits of innovation for job and economic value creation.

Public sector is central in the delivery of many services of social and economic value. In this regard, it has a pivotal role in answering (together with private stakeholders and the civil society) today's major societal challenges such as demographic ageing, increased demand for healthcare services, risk

13 panels of 15-25 experts and stakeholders worked from this input as well as a large selection of data on the economic value added, on scientific collaborations and results, on societal needs,

and give them a real economic value by integrating them into attractive tourism circuits. The local administration can identify

because the services sector has seen a dramatic rise in its share of economic value added in recent years (rising for example from 55%to 70%of Japanese

the discussion has been oriented implicitly around the creation of economic value added. But a further ramification of a broader notion of innovation is need the to consider its social contribution.

and in entrepreneurship, both commercial (for-profit businesses pursuing as a primary objective economic value and its appropriation) and social (primarily aiming at addressing and satisfying unmet social needs,

2006). 2. is shaped social entrepreneurship by social value rather than economic value? The answer would be that,

and social entrepreneurship is that the economic value serves social objectives. In this sense, social entrepreneurship creates blended value that consists of economic, social and environmental value components (Emerson,

however, Hungarian and Romanian SMES only account for about 49%and 54%of the total economic value added, respectively (EC, 2014).

they do not generate a correspondingly high share of the total economic value created by firms of all sizes in Hungary and Romania (EC, 2014).

because that is what allows an enterprise to transform a technological innovation in sustainable economic value for the business itself 11.9.1 Introduction 167 Table 9. 1 Definitions of business model Authors Definition Key concepts Magretta 2002

The business model is conceived as a focusing device that mediates between technological development and the creation of economic value Technology;

mechanism that generates economic value Venkatram and Henderson 1998 23 A strategy that reflects the architecture of a virtual organization along three primary vectors:

which the potential value of an idea or technology is transformed actually into economic value. The centrality of the business model can be defined through the two following core processes any company is called necessarily to deal with

but it also has companies facing the need to reconsider the process of economic value appropriation.

because it operates within a business model capable of transforming the output of R&d in economic value,

in order to create considerable economic value. Often these innovations serve as a way for growing companies to capture market share

Portugal still struggles to extract economic value out of its scientific excellence, and Portuguese business innovation lags behind its European peers in technological outputs of the innovation effort.

and Patrick Ryan at Google, focuses on the social and economic value of data, but from the point of view of use

High-value solutions that may not have quantifiable economic value are being developed using data, and many sectors, from businesses to governments, benefit from data-driven innovation.

5 while data generated per year is growing at a rate of 40 percent. 6 In this chapter we will focus on the social and economic value of data,

Wikipedia does not contribute any economic value. 20 This makes no sense in today's world,

but only in the past couple of years have undertaken economists serious attempts to quantify the Internet's impact on the world's economies. 23 One example of innovative data use that has a difficult-to-quantify economic value proposition is Google's Flu Trends,

whether or not they have a clear quantifiable economic value at the outset. More efficient preparation for outbreaks and better understanding of post-disaster movement ultimately mean more cost-effective deployment of public services.

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