A New Framework Integrating Environmental Effects into Technology Evaluation |
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Authors: | Shiu-Wan Hung Shih-Chang Tseng |
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Institution: | (1) BioSource Consulting, InterGenetics Incorporated, 14200 S. MacArthur Blvd., Edmond, OK 73025, USA |
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Abstract: | This study aims to propose a framework considering both economic issues and environmental effects in technology evaluation
in order to provide firms’ decision makers a useful reference in adopting technologies that will enable them to fulfill corporate
social responsibilities and get competitive advantages at the same time. Recently, the demands for technology evaluation have
increased with the flourishing development of technology licensing, technology transaction or joint venture on the one hand
and with the pressing needs of environmental protection for human beings’ sustainable development on the other hand. Under
such conditions, it thus goes without saying that firms’ decision makers are propelled to take into account both economic
benefits and environmental effects in evaluating technologies by choosing low or nonpolluting technologies for manufacturing
products. Although technology evaluation is not a new and emerging subject currently besetting scholars in the field of management,
previous research on this topic has unwittingly left behind the pressing issue of environmental effects. Based on this observation,
this study purports to develop a new framework for technology evaluation by taking both economic benefits and environmental
perspectives into consideration. In it, we seek to demonstrate that our proposed framework will not only be a workable model
but also can serve as a useful point of reference for technology appraisers and firms’ decision makers. |
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