Product orientation is a business approach that prioritizes the quality and innovative aspects of the product itself, often placing less emphasis on the needs and preferences of consumers.
A comprehensive guide on prototypes, their types, historical context, importance, and applicability in various fields, complete with examples, FAQs, and more.
The quality ladder is a model of product development where firms progressively enhance the quality of their products, transitioning from low-cost items targeting the mass market to superior products catering to sophisticated consumers.
A comprehensive guide to understanding Research and Development (R&D), which involves activities aimed at creating new knowledge, products, or processes, often leading to significant innovations.
An in-depth look at the process of Research and Development, including its importance in creating new knowledge, developing products, and driving economic growth.
Secular trends are significant long-term movements in data that are driven by structural changes, innovation, and demographics. These trends are crucial in statistical analyses and offer insights into the underlying forces shaping various sectors.
An in-depth look into the concept of Service Diversification, covering historical context, types, key events, detailed explanations, and its importance in the business world.
An in-depth exploration of Silicon Valley, the renowned hub for computer and information technology businesses, detailing its history, significance, economic impact, and more.
An in-depth exploration of social entrepreneurship, its definitions, types, significance, examples, and historical context, aimed at understanding how business practices are employed to address social challenges innovatively.
An in-depth look into the network of various entities that support startups, including historical context, types, key events, and detailed explanations.
Explore the concept of startup studios, their historical context, types, key events, detailed workings, and their importance in the entrepreneurial ecosystem.
An in-depth exploration of startups, focusing on their role as new business ventures within emerging industries. This entry covers definitions, characteristics, types, examples, historical context, and more.
STEM (Science, Technology, Engineering, and Mathematics) concentrates on empirical data and experiments, contrasting with the humanities' interpretative approaches. Explore its historical context, importance, and applications in various fields.
A successful business continuously generates profit, innovates, and expands. Learn about the traits, strategies, historical context, and examples of successful businesses.
Supply-Side Economics emphasizes the role of supply factors in driving economic growth, in contrast to the Keynesian focus on effective demand. This theory includes reforms in tax systems, restrictive practices, infrastructure, training, and social security to stimulate investment, innovation, and labor supply.
Sustaining Technology refers to innovations that improve existing products and services within established markets, focusing on incremental advancements and efficiency.
A comprehensive look into Tech Transfer Offices (TTO), their historical context, functions, importance, and impact on innovation and commercialization.
Exploring the process by which new technologies are adopted and integrated across various sectors and regions, contributing to global innovation and advancement.
A comprehensive look at technological innovation, its types, significance, historical context, and impact on productivity and economic growth. Understand how technological innovation influences various sectors and its future implications.
Technological progress is a pivotal element in exogenous growth theory, regarded as an external factor that independently fuels economic growth through productivity enhancement.
Technological risk involves the potential for new or existing technology to fail, not operate to specification, or impact businesses due to rapid technological changes. This article explores historical context, types, key events, models, charts, examples, and more.
A Technology Park is a designated area designed to support technology-driven firms and research & development (R&D). Similar to Science Parks but primarily focused on technology-based businesses.
Technology Transfer refers to the process of sharing or disseminating technology from one organization or context to another. This process can involve the transfer of knowledge, skills, technologies, methods, or samples within organizations or between them.
A law that significantly altered the regulatory landscape for telecommunications in the U.S., encouraging competition and innovation while reducing regulatory barriers.
A Change Agent is an individual whose presence or insights drive a departure from conventional methods of problem-solving or operational processes. Commonly, management consultants are engaged as change agents to facilitate organizational development and transformation.
Client Focus entails a company policy, philosophy, or mission aimed at being responsive to client needs, fostering client relationships, and driving client service and innovation.
Creative Destruction is a free-market concept popularized by economist Joseph Schumpeter, holding that economic progress results from entrepreneurial innovation, which in turn leads to the destruction of established businesses.
Deregulation involves reducing government regulation to allow freer markets, aiming to create a more efficient marketplace. It has affected industries like communications, banking, securities, and transportation, prompting increased competition, innovation, and mergers.
Delve into the advancement and impact of electronic typewriters, a pivotal innovation that bridged the gap between mechanical typewriters and modern word processors.
High Technology refers to advanced developments in an area of technology, often associated with computer-related developments and being on the technological cutting edge.
Innovation refers to the introduction and implementation of a new product, service, or method in business practice immediately subsequent to its discovery.
Invention in economics refers to the creation of entirely new technologies and methods of production, distinguishing it from innovation, which focuses on the improvement of existing technologies and methods.
A comprehensive exploration of the concept of thinking outside the box, which refers to creative thinking and innovative problem-solving beyond conventional boundaries.
A machine, fashion, or process that sets the standard for others to follow and is widely copied and imitated is regarded as the pacesetter in its industry.
The statement 'Patent Pending' refers to the period after a patent application has been filed and before it is granted or rejected, indicating that a patent is being processed by the patent office.
Product Research and Development (PR&D) involves the activities performed by a team of professionals to transform a product idea into a technically sound and promotable product. It plays a crucial role in developing new products, researching brand names, and creating effective packaging concepts.
This encyclopedia entry provides a detailed explanation of the expression 'Pushing the Envelope,' including its meaning, origins, usage in various contexts, and related terms.
Research and Development (R&D) is a critical process in industry and academia aimed at generating new knowledge, technologies, and products. It encompasses systematic activities and significant investments to drive innovation and improve existing processes.
Research and Development (R&D) refers to the systematic activities undertaken by companies to innovate and introduce new products or services. From conceptualization in the lab to market definition and mass production, R&D is the backbone of continual innovation and competitive advantage.
The concept and applications of research-intensive products, projects, and industries requiring substantial man-hours of investigation, focusing on complex technology.
Reverse Engineering is the process of deconstructing a competitor's product to understand its design, components, and functionality, usually with the aim of replication or improvement.
A Rocket Scientist, often representing high intelligence and expertise in aerospace engineering, can develop new techniques or products. The term can be used negatively to imply that a subject is easily understandable. See also No-Brainer and Quant.
Overview of Silicon Valley, the region in California known for being the hub of high-tech research and innovation, and the birthplace of modern computing advancements.
A comprehensive guide to small businesses, their roles in innovation, economic impact and growth, with an emphasis on their characteristics, definitions, and significance.
The phenomenon where technology becomes outdated due to advancements in newer technologies. Example includes word processing software replacing traditional typewriters.
Texas Instruments (TI) is a leading manufacturer of semiconductors and computers, renowned for developing the first working integrated circuit. Founded in 1947, TI has been pivotal in miniaturizing electronic equipment and continues to produce a wide range of electronic devices.
An in-depth exploration of the concept of Thinking Outside the Box, including definitions, types, examples, historical context, and applicability in various fields.
A comprehensive guide to 3D printing, an additive manufacturing process that constructs physical objects by layering material and fusing them. Explore its workings, types, notable examples, historical context, and applications.
An in-depth exploration of Artificial Intelligence technology, which enables computers and machines to mimic human intelligence and problem-solving abilities.
An in-depth exploration of creative destruction, a fundamental concept in capitalism that highlights the process of dismantling long-standing practices to foster innovation and economic growth.
An in-depth look into disruptive innovation, covering its meaning, historical examples, impact on markets, and how it makes products and services more accessible, affordable, and widely available.
An in-depth exploration of disruptive technology, including its definition, notable examples, and strategies for investing to capitalize on this transformational trend.
An Early Adopter is a person or business that acquires a new product or technology before the majority. This article explores the advantages of being an early adopter, real-world examples, and related concepts.
An in-depth exploration of Financial Technology (Fintech), its applications, innovations, and transformative impact on the financial services industry and everyday life.
Explore what it means to be a game-changer in business, including definitions, examples of visionaries, and how companies transform their strategies for breakthrough success.
An in-depth exploration of the concept of ideation, including its definition, the mechanisms through which it operates, and the step-by-step process involved in successfully generating and developing ideas.
An in-depth exploration of intrapreneurship, examining its definition, the key roles and responsibilities involved, and its importance within organizations.
An in-depth exploration of Joseph Schumpeter's contributions to economic theory, focusing on his groundbreaking work on business cycles, capitalist development, and innovation.
An in-depth exploration of the knowledge economy, including its definition, criteria, examples, historical context, and implications for modern economic systems.
Explore the Lean Startup methodology, its principles, and how it contrasts with traditional business models. Understand its applications, benefits, and key strategies.
Explore the concept of the 'New Economy,' delving into its definition, historical context, and examples of companies driving economic growth through technological advancements.
Explore the concept of New Growth Theory, its definition, application in economics, and illustrative examples. Learn how this theory presumes the desire and wants of the populace drive ongoing productivity and economic growth.
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