“The fortunes of mankind have been closely affected by the growth of technology; the same influence has helped to shape the relations of nations and classes; and in the life of the individual, technology plays an alternate role as servant or master of man’s activities” – Asian Development Bank 1995
In a study of productivity growth in the US economy, Richard Solow found that about 90% of the increase in per capita output was attributable to technological change in the 40 year period from 1909 to 1950. Over the past 50 years, the contribution of new technologies and improved work practices to economic growth has increased further.
More recently, however, William Lewis [‘The Power of Productivity…’] provides better insights into the drivers of productivity and economic and firm growth. Lewis concludes that without a competitive market we can expect to be disappointed in the results of other things like improved macro-economic policies, education, health, quality management, research and extension.
What Can We do For Your Organisation?
Contract research – integrated technical, economic, market and financial
Prepare cost benefit and feasibility studies of TT and technology development
Our Approach to Biotechnology
At Wondu, we recognise that ownership of new technology and intellectual property is a major source of competitive advantage for individual firms. The challenge for the individual firm is to ensure it either has full and open access to new technology if it is a user or a viable R&D budget if it is a producer. In between these two pathways to viability there is a dangerous space where firms can become trapped in a vicious circle of cash shortfall, which arises from old technology or lack of access or low investment. Our approach is to consider these possibilities.