Digital transformation, innovation and economic performance a comparative study of Finland and India

Transformations in the information and communication technologies has had a profound effect on innovation and in turn the economic growth within countries. These changes have already been reflected in the corporate environment by improved market mobility and compounding profitability of corporations...

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Main Author: Chitnis, Aditi
Other Authors: Kauppakorkeakoulu, School of Business and Economics, Taloustieteet, Business and Economics, Jyväskylän yliopisto, University of Jyväskylä
Format: Master's thesis
Language:eng
Published: 2018
Subjects:
Online Access: https://jyx.jyu.fi/handle/123456789/60669
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author Chitnis, Aditi
author2 Kauppakorkeakoulu School of Business and Economics Taloustieteet Business and Economics Jyväskylän yliopisto University of Jyväskylä
author_facet Chitnis, Aditi Kauppakorkeakoulu School of Business and Economics Taloustieteet Business and Economics Jyväskylän yliopisto University of Jyväskylä Chitnis, Aditi Kauppakorkeakoulu School of Business and Economics Taloustieteet Business and Economics Jyväskylän yliopisto University of Jyväskylä
author_sort Chitnis, Aditi
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description Transformations in the information and communication technologies has had a profound effect on innovation and in turn the economic growth within countries. These changes have already been reflected in the corporate environment by improved market mobility and compounding profitability of corporations. These quantum leaps have been well drafted in literature studies and various other international reports. However, the standpoint of the government at the national level and their approaches to facilitate these digital innovations has been subjected to limited research. Thus, this study primarily aims to shed light on what approaches have been taken by the governments and how have these approaches evolved so as to integrate and facilitate digital transformation and innovation to drive economic growth within the country. This study takes a comparative approach by comparing innovation policies in a developed country, in this case Finland, and a developing country, India, for a period of 15 years from 2002 until 2017. The research literature builds on the national innovation systems framework to guide this study. Secondary data in the form of official government reports from both countries was made use of. In particular 22 reports from Finland and 16 reports from India were analyzed. The results show a detailed view of the various actors involved in forming the national innovation system in both countries. Furthermore, they also showcase the different ways in which the policy makers have responded to technological and economic changes, the various programs initiated by them in order to empower the citizens, businesses and research institutions. Interestingly, both Finland and India at certain time periods can be seen to cope with similar challenges and both portray incremental and radical changes; the only difference being in their ability to firmly implement these changes. Eventually, the findings also suggest that both of these countries still need to work hard to better exploit their inherent capabilities to stay competent and competitive.
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spellingShingle Chitnis, Aditi Digital transformation, innovation and economic performance : a comparative study of Finland and India information and communication technologies national innovation systems Yrittäjyys Entrepreneurship 20422 innovaatiojärjestelmät innovaatiot innovaatiopolitiikka teknologiapolitiikka talouskasvu teknologinen kehitys innovation systems innovations innovation policy technology policy economic growth technological development
title Digital transformation, innovation and economic performance : a comparative study of Finland and India
title_full Digital transformation, innovation and economic performance : a comparative study of Finland and India
title_fullStr Digital transformation, innovation and economic performance : a comparative study of Finland and India Digital transformation, innovation and economic performance : a comparative study of Finland and India
title_full_unstemmed Digital transformation, innovation and economic performance : a comparative study of Finland and India Digital transformation, innovation and economic performance : a comparative study of Finland and India
title_short Digital transformation, innovation and economic performance
title_sort digital transformation innovation and economic performance a comparative study of finland and india
title_sub a comparative study of Finland and India
title_txtP Digital transformation, innovation and economic performance : a comparative study of Finland and India
topic information and communication technologies national innovation systems Yrittäjyys Entrepreneurship 20422 innovaatiojärjestelmät innovaatiot innovaatiopolitiikka teknologiapolitiikka talouskasvu teknologinen kehitys innovation systems innovations innovation policy technology policy economic growth technological development
topic_facet 20422 Entrepreneurship Yrittäjyys economic growth information and communication technologies innovaatiojärjestelmät innovaatiopolitiikka innovaatiot innovation policy innovation systems innovations national innovation systems talouskasvu technological development technology policy teknologiapolitiikka teknologinen kehitys
url https://jyx.jyu.fi/handle/123456789/60669 http://www.urn.fi/URN:NBN:fi:jyu-201812195209
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