From Greek ‘tekhne’ and ‘logia’, technology has in a way or another been with humans given that the Paleolithic period when stones have been turned into tools. In this case the definition aids to offer a broad and deeply contextual understanding of what technologies is (in its tangible and intangible types), the processes which it influences and the processes which influence it. Architectural innovations serve to extend the radical-incremental classification of innovation and introduce the notion of adjustments in the way in which the elements of a item or technique are linked collectively. The improvement of technologies may draw upon several fields of information, like scientific, engineering, mathematical , linguistic , and historical knowledge, to achieve some practical outcome.
Much more lately, modern functions of science fiction, such as those by Philip K. Dick and William Gibson , and films (e.g. Blade Runner , Ghost in the Shell ) project very ambivalent or cautionary attitudes toward technology’s influence on human society and identity. Technologies management is the set of policies and practices that leverage technologies to construct, sustain, and improve the competitive benefit of the firm on the basis of proprietary knowledge and know-how.
Market push is a term that addresses the creation of markets by way of advertising and marketing-driven efforts that, along with technology pull, can lead to the creation of technological requirements that define and allow the emergence of new markets (see Figures 1 and two). Users of technology can be an important supply of tips for improvements or even new innovations with substantial marketplace possible.
The science can be major edge or nicely established and the function can have higher visibility or be significantly far more mundane but it is all technology, and its exploitation is the foundation of all competitive advantage. An integral part of the plan of research in Marlyand’s schools, technology education is a new standard for all students. There are at least 5 differentiating aspects of technologies entrepreneurship in the definition proposed above.
In the initial phase of development, tremendous investment in the technologies yields comparatively tiny improvement in efficiency, considering that the investment is devoted to researching different aspects of the technology, several of which do not have beneficial benefits. But innovation is clearly a team work, often involving hundreds or thousands of individuals.