Professional Documents
Culture Documents
Society
The New World Encyclopedia has described society as an association of
people who have shared interests and may have their own culture and traditions. A
"society" might refer to a specific ethnic group like the Nuer, a nation-state like
Switzerland, or a wider cultural group like Western culture. A society is an
organized collection of people who get together for religious, charitable, cultural,
scientific, political, patriotic, or other objectives. The term society is taken from
the French société that dates back to the fourteenth century. The French term
societas comes from the Latin societas, which means "a cordial relationship with
others," and is derived from socius, which means "fellow, associate, comrade, or
business partner” (ECU, n.d.). The members of a society must have some common
concern or interest, a shared goal, or traits, and in many cases, a common culture.
Human societies are characterized by patterns of interactions (social relations)
between individuals who share a similar culture and institutions; the total of these
connections may be considered the society's component members. According to
the social sciences, stratification and dominant tendencies in subgroups are
commonly observed in larger communities. If a society is collaborative, its
constituents can benefit in ways that would not be possible on an individual basis;
both personal and societal (shared) gains can therefore be distinguished, or in many
cases, overlapped.
A society can be made up of harmonious people who are governed by their
own set of laws and values within a larger, dominant society. A society can be a
specific ethnic group, such as the Saxons, a nation-state, like Bhutan, or a larger
cultural community, like Western civilization. A "society" can also refer to a social
structure, such as an ant colony, or any cooperative aggregation, such as some
artificial intelligence formulations.
Innovation
Pete Foley has described innovation as "a fantastic idea performed
wonderfully and conveyed in a way that is both intuitive and completely embraces
the initial concept's brilliance. To succeed, we'll need all of these components.
Breakthrough or disruptive innovation is defined as anything that either creates a
new category or drastically alters an existing one, rendering the current market
leader obsolete. We may make ourselves or others obsolete, and it can be 'sexy' or
meet a fundamental human need - for me, the iPad and disposable diapers both
qualify. However, it must either establish a new market or significantly alter an
existing one." Innovation is essentially about coming up with new ways to adapt to
change. It's all about birthing fresh ideas, performing research and development,
refining procedures, and redesigning goods and services.
On a deeper level, it's about one’s company's mindset: one in which their
employees are continuously focused on continual development and constantly
thinking outside the box. It might be convenient to look at examples of other
entrepreneurs who have created or are building a name for themselves. A larger-
scale endeavor where a new product or service, such as Google, has profoundly
transformed how they conducted business. It might also be a low-cost internal
project, such as refining a company process, resulting in significant cost savings.
Through this, the paper aims to discuss the connection between society and
innovation and its costs and benefits.
Many easy approaches exist for governments to improve the atmosphere for
creativity and encourage the expansion of research, technology, and innovation.
The government's primary advisory council on science, innovation, and research
(SITRA) in Finland, for example, has proposed that innovativeness establish a
criterion for competitive bidding in public procurement. They also suggested that a
certain amount of money be set aside for government agencies' innovation and
development efforts, which are commonly considered to encompass service
innovation.
Technology
Culture
Economy
Externalities
Externalities arise when the production or consumption of an item has an
influence on individuals who are not directly involved in the transaction.
Externalities can be advantageous or detrimental. They can also be developed as a
result of production or consumption. For an instance, driving to a city center
increases pollution and traffic congestion for city inhabitants.
● Air pollution
Air pollution occurs when harmful or excessive volumes of gases like carbon
dioxide, carbon monoxide, sulfur dioxide, nitric oxide, and methane are pumped
into the earth's atmosphere. All of the main sources deal with technology
developed during the industrial revolution, such as fossil fuel combustion,
factories, power plants, mass agriculture, and cars. Higher quantities of
greenhouse gases in the atmosphere trap thermal energy in the Earth's atmosphere,
causing the global temperature to increase. Air pollution has negative health
impacts on humans and animals, as well as contributing to global warming. (e.g.,
chemical vapors and smoke that are blown out of factories through vents and
smokestacks, contaminating the air).
References:
A., Gupta. (2014, September 29). What are the major disadvantages of
innovation? Retrieved from https://www.quora.com/What-are-the-
major-disadvantages-of-innovation-Can-someone-substantiate-with-
examples
A., Hengsberger. (2018, April 27). 4 reason why innovation fail. Retrieved
from https://www.lead-innovation.com/english-blog/why-innovations-
fail
J., Kylliäinen. (2019, April 26). The Importance of Innovation - What Does
it Mean for Businesses and our Society? Retrieved from
https://www.viima.com/blog/importance-of-innovation
K., Conway. (2018, September 8). How does innovation impact society?
Retrieved from https://financialservicesblog.accenture.com/how-does-
innovation-impact-society
K., C., Urama, E., N., Acheampong, (2013). Social Innovation Creates
Prosperous Societies. Retrieved from
https://ssir.org/articles/entry/social_innovation_creates_prosperous_so
cieties
N., Skillicorn. (2016, March 18). What is innovation? 15 experts share their
innovation definition. Retrieved from
https://www.ideatovalue.com/inno/nickskillicorn/2016/03/innovation-
15-experts-share-innovation-definition/