Exploring the mechanism of technology standardization and innovation using the solidification theory of binary eutectic alloy

Abstract

Technology standardization and technology development play an important role in promoting the competitiveness of businesses and enterprises. Therefore, it is crucial to thoroughly analyze and understand their functions and working mechanisms. Based on the theoretical analysis of the mechanisms of technology standardization and innovation, this paper made modeling efforts on the technology standardization process, the internal working mechanisms of technology innovation and standards, and the advancement of technology development and technology systems propelled by technology standardization. We feel that although there could be some characteristics that distinguish the mechanism of technology standardization and innovation in emerging economies from their counterparts in developed economies, the modeling efforts made in this study may be applicable to both emerging and developed economies. Using the proposed model, this paper derives valuable insights and makes practical recommendations for improving the level of technology development and advancing technology standardization systems.