Integration of Technological Development: An Evolutionary Model

OpenAlex English

In today's fast-paced tech world, understanding investment strategies is crucial for driving innovation and gaining a competitive edge. This article explores how organizations integrate technological advancements using evolutionary game theory, which analyzes strategies in competitive environments. Key concepts include the evolutionarily stable strategy (ESS) and replicator dynamics, emphasizing the importance of adopting new investment strategies and staying updated on technology. The article provides a summary of the existing literature on this topic and focuses on establishing the fundamental model and acknowledging the presence of two core strategies. The study also attempts to identify the existence of an evolutionary stationary strategy. The results of the study reveal that trust in technological development, conformity, and the social and legal order are the primary driving forces behind comprehensive integration.