What are the Challenges of Technological Transfer?
Despite its benefits, technological transfer can present several challenges:
1. Intellectual Property Issues: Protecting intellectual property (IP) is a key concern. Companies must ensure that they have the right to use and further develop the technology. 2. Cultural Differences: Differences in organizational culture can hinder effective communication and collaboration. 3. Technological Compatibility: Integrating new technology with existing systems can be complex and costly. 4. Regulatory Barriers: Different countries have varying regulations that can impact the transfer process.