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With knowledge bases being created within the US, many businesses are opting for globalization of their research and development through technology knowledge transfer across the American waters to other countries. Many companies in the US have been converting their own knowledge reserve and the knowledge base gained through acquisitions and business liaison with other developing nations, thereby maintaining a strong place in the global market.
There are many companies who are becoming more focused towards developing their technical knowledge base to achieve superior position in the market and also to use the technology for making innovations. More stress is being laid on innovations thereby bringing in the necessity for increased funding for research and development wings. The strategies which a company chooses for innovation could be for introduction of new product or to bring up changes in existing product line. These technological strategies need to formulized carefully to avoid huge investments being made and yet the outcome of the whole strategy will be negative and useless.
If you have an assignment that aims at getting accustomed to how American companies make use of worldwide business trends and technological developments to formulate correct strategies for technical innovations and business growth, we can help you. The main fields where technical innovations have left a mark are health care, pharmaceutics, space research, information technology, electronics, transport (rail, road), aeronautics, national security (military, navy and air force), bio technology, environment science etc.
With respect to each of the fields mentioned above, there are lots of innovation projects carried own by many companies. Some will be of national interest while most of them are of international nature. The knowledge which has been gained through years of research and study can be used for national welfare and for innovations which will help in capturing international market. Thus the theoretical knowledge acquired by researchers is not limited to educational institutions any more. This has helped in wide spread use of technology for making innovations suggested, a practical reality. This has been proved by various American companies who control the global markets and the technical expertise being used for development within the nation also.
The special market place the US holds in global scenario in health care industry can be attributed only to the relentless efforts and innovations of researchers and scientists who have brought about revolutions in cancer therapy, vaccinations to cure deadly diseases etc. As regards national scenario, innovations with the help of technology has helped in saving lives in military field, advanced security systems for banks etc. Multinational corporations are increasingly giving more importance to knowledge generation and creating technical competencies within themselves to encourage knowledge transfer and also to avoid exploitation scenarios.
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