We introduce a tractable model of endogenous growth in which the returns to innovation are determined by the technology adoption decisions of the users of new technologies. Technology adoption involves an implementation investment that determines the initial productivity of a new technology....

Technology is a dynamic process. Technological impact on business performance is more in global competitive market. The organization need to manage the technology in best possible manner in order to compete and survive. Stronger the research and development (R& D) more fruitful will be the...