Invest into innovative comapny.

 The Technology innovation and Growth stocks

The Technology thesis word immediately comes to our mind as Information Technology. Technology is much broader than just information Technology which is the application of tools, materials process, and Techniques to business activity. In this article, we are not going to talk about information Technology, but there are many other important technologies: Biologically based Technologies, such as those used to create new drugs and which find solutions for existing immunity. Moreover, mechanically based technologies such as those that pump and  valve. The use of technology is more prevalent in some other industries than in others. Likewise, technology strategy is significant to entrepreneurs and running companies.  

Technology Innovation

Innovation is different from invention, which is the discovery of a novel idea but innovation is coming up with a new idea about how to use knowledge to solve an existing problem. So, what is technological innovation, simply say that, use of knowledge to apply tools, materials, process, and techniques to come up with new solutions to problems. A company tends to adopt new technology to enhance their product or process quality to the next level. By adopting the new technology into their company to create valuation and provide more benefits to customers. Moreover, technological innovation can take the form of solutions to a variety of different kinds of problems, from speeding production such as those production assembly lines and reducing the intermediate goods. Some new technologies might lead to a revolution of products and processes. 

Technological innovation is more important because it has a profound effect on the creation of wealth and for individual entrepreneurs and corporate shareholders.  

Invest into technological innovation business

Over three decades before, information Technology started to work on business operations, which IT found the solution to incorporate the business process, companies were enabled to share the information to each and every one department, reduce the inventory, and reduce the process cycle time. So many companies gained better experience and could implement new process innovation. As a result, which companies could improve operating profits. Particularly, the financial industry got massive gains through applying Information Technology into their fund transactions and maintaining customer accounts in software applications. During that time, few could only understand this technology innovation was applying into banks and financial sectors.  The private banks entered the Indian market, who came up with new solutions, therefore customers would have gotten the best experience at this point of time, who could transact funds more quickly than ever and who could view their ledger balance in a digital form.  

The Indian private banks have grown much faster than public sector banks. The public sector banks could not compete with private players by implementing  process integration, the private players speed up the process with less operating cost. So, who could earn more profits and could expand their branches and acquire new customers  more quickly. The common shareholders would get a huge return on these innovative business investments. 

The Icici bank, Axis bank, HDFC have given huge returns to early investors.

Business model and innovation

Every one business needs a solid business strategy. Business strategy is like a road map for companies. A technology strategy is the approach that a firm takes to obtaining and using technology to achieve a new competitive advantage to protect an existing technology-oriented competitive advantage against erosion. If a firm does not pay attention to the evolving of the market or customer desires, the new entrants will utilize that opportunity to break the hierarchical companies market share when they come up with new ideas for customers' unmet needs. 

Technological change is highly uncertain, so a firm’s existing technology strategy has to deal with issues of uncertainty more than general business strategy. A little change of new technology ideas results in new products or processes. 

Technology strategy involves the creation of new products or services that might be new to the world, which demand different mechanisms for assessing a market needs than typical business strategy. 

When a company creates a new business strategy to solve the customers problem, that should be more viable to existing. Perhaps, if the market is not ready to access that new technology may lead to failure.

For example, the Indian consumers had the worst experience when making a purchase decision in installment payment. This EMI process had been taking more time and would also have paid higher interest rates. The Bajaj finance process the financing loan within a few minutes and interest free cost. 

The Bajaj finance collaborates with credit agencies and consumer product manufacturers therefore which company can process the loan in very less time than others and also zero free cost. This revenue business model and adopting the new applications has helped to exponential growth.