Three Faces of Technology’s Value Creation: Emerging, Enabling, Embedding

Technology has a multifaceted construct that encompasses production know-how, problem solving, and functionality. New technologies present significant opportunities for value creation, but the realization of those opportunities varies across firms, industries, and technologies over time. An understanding of the sources of this variation can help firms with their strategic decision-making and offer guidance to policymakers on how they can facilitate technological progress to help spur economic growth.

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