The Capacity of Australian Firms to Identify and Adapt/Adopt New Technology

The Capacity of Australian Firms to Identify and Adapt/Adopt New Technology

The innovative capacity of Australian companies is low by comparison with OECD competitors. The focus on a small number of high performing companies has served to  both emphasise and conceal the extent to which Australian company innovation is ad hoc, based on particular individuals and circumstances, rather than systematic across companies and industries. This has left Australian companies, apart from those with effective global connections, poorly equipped to comprehend and engage with new technology.

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