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Know-how accelerates innovation: The only method small businesses can achieve immediately’s aggressive world is through the use of technology to create new services or products. This approach is embodied in a steady-supply model the place cross-practical IT groups automate systems and optimize processes to have the ability to launch and iterate on software shortly.
Technology entrepreneurship additionally appeals to personnel of regional economic growth companies that entice investments in productive technologies and talent to a selected geography. Expertise entrepreneurship and the resource-based view of sustainable competitive benefit are interdependent as a result of they are both concerned with learn how to create and seize value.