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Technological change (TC) or technological development is the overall process of invention, innovation and diffusion of technology or processes. [1] [2] In essence, technological change covers the invention of technologies (including processes) and their commercialization or release as open source via research and development (producing emerging technologies), the continual improvement of ...
Ansoff pointed out that a diversification strategy stands apart from the other three strategies. Whereas, the first three strategies are usually pursued with the same technical, financial, and merchandising resources used for the original product line, the diversification usually requires a company to acquire new skills and knowledge in product development as well as new insights into market ...
Each category is run as a "mini business" (business unit) in its own right, with its own set of turnover and/or profitability targets and strategies.Introduction of Category Management in a business tends to alter the relationship between retailer and supplier: instead of the traditional adversarial relationship, the relationship moves to one of collaboration, with exchange of information ...
Technology transfer - the process by which technology is transferred from the institution, organization or person that possesses it to another institution, organization or person, usually with the aim of transforming inventions and scientific knowledge into novel products and services that can then be provided to the market place or society in ...
Modern business enterprise (MBE) is the organization and management of businesses, particularly large ones. [75] MBE's employ professionals who use knowledge based techniques such areas as engineering, research and development, information technology, business administration, finance and accounting. MBE's typically benefit from economies of scale.
The Y-axis of the diagram shows the business gain to the proprietor of the technology while the X-axis traces its lifetime. The technology life cycle (TLC) describes the commercial gain of a product through the expense of research and development phase, and the financial return during its "vital life". Some technologies, such as steel, paper or ...
If the process of technological innovation is formalized (typically within an organization: a company, a public body, a think tank, a university, etc.) it can be referred to as technological innovation management (or Technology Innovation Management - TIM). The "management" aspect refers to the inputs, outputs and constraints a "manager" or ...
It discusses how business and technology are integrated, and explains how digital infrastructures and information networks can help someone get an edge on the competition. Gates asserts cyberspace and industry can no longer be separate entities, and that businesses must change to succeed in the Information Age .