Studies show a relationship between the speed of technology adoption and national wealth. Significant delays in initial technology adoption was calculated to account for a 25% reduction in GDP compared to that of the U.S. More significantly however are the cost of delays in pervasive adoption, which were calculated to account for a further 45% reduction in GDP. Taken together, the studies indicate that up to 70 % of differences in cross-country per capita income can be explained by delays in technology adoption. For new product development in the technology industry a delay of 10% was found to have a more significant impact on total revenue than 10% overrun in production cost. Management techniques that help innovation are therefore critical, but even more important is management for wide and rapid deployment of new technologies.
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