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The concept has been widely employed as a metaphor in business, dating back to at least 2001. [5] It is widely used in the technology and pharmaceutical industries. [2] [3] It became a mantra and badge of honor within startup culture and particularly within the technology industry and in the United States' Silicon Valley, where it is a common part of corporate culture.
Historian Thomas Hughes (1977) describes the features of Edison's method. In summary, they are: Hughes says, "In formulating problem-solving ideas, he was inventing; in developing inventions, his approach was akin to engineering; and in looking after financing and manufacturing and other post-invention and development activities, he was innovating."
Traill (2008, espec.Table "S" on p.31) follows Jerne and Popper in seeing this strategy as probably underlying all knowledge-gathering systems — at least in their initial phase.
People knew very well that there was a definite relationship between time worked and the value of products traded; in itself that was not a very difficult insight to grasp. [ note 8 ] In fact, three hundred years before the Scottish and English political economists, Ibn Khaldun had already formally presented a fairly sophisticated understanding ...
The time value of money means that money is worth more now than in the future because of its potential growth and earning power over time. In other words, receiving a dollar today is more valuable ...
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Bundling the two products was allegedly a key factor in Microsoft's victory in the browser wars of the late 1990s, as every Windows user had a copy of IE. It was further alleged that this restricted the market for competing web browsers (such as Netscape Navigator or Opera), since it typically took extra time to buy and install the competing ...
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