MONITORING, EVALUATION & QUALITY ASSURANCE, TECHNO-ECONOMIC ANALYSIS
Business Driven Research
The Monitoring and Evaluation (M&E) and Quality Assurance (QA) Specialist is responsible for leading the development and implementation of a plan to monitor progress, evaluate effectiveness, and disseminate results of the project activities and innovations.
Definition of quality assurance
: a program for the systematic monitoring and evaluation of the various aspects of a project, service, or facility to ensure that standards of quality are being met.
Techno-economic assessment or Techno-economic analysis (abbreviated TEA) is a methodology framework to analyze the technical and economic performance of a process, product or service.
COMMON QUESTIONS & IMPORTANT LINKS
HOW CAN I COLLABORATE WITH ADELVE?
ADELVE can provide the necessary resources and specialties in applying pragmatic business driven research, analysis and reporting.
By driving development and implementation of structured plan, we are in the position to monitor, evaluate and disseminate results.
HOW IS ADELVE UNDERSTANDING INNOVATION & ENTREPRENEURSHIP DEVELOPMENT?
Entrepreneurs have always been seen as free spirits, heroic figures that defy existing way of thinking. They are "creative destruction" force that is always trying to find better way through innovation.
As we can see creativity has always been closely connected to innovation. Innovation is the process through which the entrepreneur converts market opportunities into workable, profitable, and marketable ideas. It is an application of something creative that has a significant impact on an organization, industry or society. Entrepreneurship is the continuing generation of Innovation in response to perceived opportunities in the business environment.
In this approach, entrepreneurship is therefore concerned with newness: new ideas, products, services or combinations of resources aimed at meeting the needs of consumers more efficiently. Innovation is important not just in entrepreneurship.
As individuals, we are innovators by adapting well to our needs and create our own solutions. Entrepreneurs are the same.
Innovation in entrepreneurship can help any country by changing with the times and producing new products and service from ones that already exists.
Innovation is “value” – the creation of value adding value to customer’s satisfaction- “delighting the customers.
And, being innovative can help us become successful in all our endeavors.
Elaboration is Based on the " Role of Innovation in Entrepreneurship Development" , by Dr. Shailaja Kheni
WHAT IS A TECHNO-ECONOMIC ANALYSIS?
Techno-economic assessment or Techno-economic analysis (abbreviated TEA) is a methodology framework to analyze the technical and economic performance of a process, product or service. TEA normally combines process modeling, engineering design and economic evaluation.
Examples of applications of TEA include the evaluation of the economic feasibility of a specific project, a forecast on the likelihood of the deployment of a technology at certain scale, or a comparison of the economic merit of different technological options that provide the same service.
Techno-economic analyis is a research agenda that examine technology develpment and reseach project in terms of costs, benefits, risks, uncertainties, and timeframes in order to assess and evaluate economic consequences of a new hopeful technology. It makes a part of wider economic thought called techno-economic paradigm.
Techno-economic paradigm is at the core of innovation-based theory of economic growth and social development conceived by Chris Freeman and Carlota Perez. It claims that technology plays the most important role in the economic development and focuses on economic process of technological change. Its basic idea is that technology and economy co-evolves.
TECHNO-ECONOMIC ANALYSIS REFERENCES:
Christopher Freeman (1991) Innovation, Changes of Techno-Economie Paradigm and Biological Analogies in Economics. Revue économique 42(2): 211-232.
Carlota Perez (2010) Technological revolutions and techno-economic paradigms. Cambridge Journal of Economics 34(1): 185–202.