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A prime example of innovation involved the boom of Silicon Valley start-ups out of the Stanford Industrial Park. In 1957, dissatisfied employees of Shockley Semiconductor, the company of Nobel laureate William Shockley, co-inventor of the transistor, left to form an independent firm, Fairchild Semiconductor. After several years, Fairchild ...
Exploratory and value-added innovation require different leadership styles and behaviors to succeed. [14] Value-added innovation (PwC, 2010) involves refining and revising an existing product or service and typically requires minimal risk taking (compared to exploratory innovation, which often involves taking a large risk); in this case, it is most appropriate for a leader for innovation to ...
An example of the former was the gradual roll-out of DVD (digital video disc) as a development intended to follow on from the previous optical technology compact disc. By contrast, disruptive technologies are those where a new method replaces the previous technology and makes it redundant, for example, the replacement of horse-drawn carriages ...
Christensen at the World Economic Forum Annual Meeting in 2013. The term disruptive technologies was first described in depth with this book by Christensen; but the term was later changed to disruptive innovation in a later book (The Innovator's Solution).
The innovation system approach stresses that innovation happens only where actors of different backgrounds interact. A special form of interactive learning is learning-by-using, which involves learning activities based on the experience of users of technological innovations, for example through user-producer interactions. F4.
In the 2000s and 2010s there was a significant growth of interest in applying design thinking across a range of diverse applications—for example as a catalyst for gaining competitive advantage within business [35] or for improving education, [36] but doubts around design thinking as a panacea for innovation have been expressed by some critics ...
One of the earliest recorded instances of the proverb is in one of Aesop’s Fables, “The Crow and the Pitcher” from the mid 6th century BCE. Plato's Republic says "our need will be the real creator", [5] which Jowett's 1894 translation rendered loosely as "The true creator is necessity, who is the mother of our invention."
Theories of technological change and innovation attempt to explain the factors that shape technological innovation as well as the impact of technology on society and culture. Some of the most contemporary theories of technological change reject two of the previous views: the linear model of technological innovation and other, the technological ...
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