Archives: Tooltips

Economies of Scope advantage refer to using the same core asset to produce or deliver multiple products. It contributes to both quality and cost. For example, the delivery of voice,…

It’s known as Economies of Scale. This is about decreasing per unit of cost with the growth of production or volume. For generating ideas, we make an investment in R&D,…

Craftsmanship is more than carpentry or tinkering. It’s about the ability to give a shape of an idea by fine tunning implementation details. Once it’s linked with the Passion for…

Innovations are like living things. They keep evolving through the addition of new features and enhancement of existing ones. This evolution is essential for increasing the perceived value and countering…

Innovation has many connotations. However, in The WAVES, we refer to innovation as improved or new products (often, connected as a system) to get our job done better at less…

In detecting repeatable patterns in technology Innovation dynamics, researchers have come up with a set of concepts, terminologies, and theories. Innovation practitioners, managers, investors, and also policymakers, often, get bewildered…

To many of us, Innovation is magic; it’s an unpredictable creative outburst of creative minds. The Theory of Innovation closely examines past and present technology innovation dynamics, being shaped in…

Irrespective of the greatness of the idea, every Innovation emerges in primitive form. Often, they begin the journey at a loss. To turn this loss-making revenue into profit, the product,…

Economic outputs are produced through five different means: i. natural resource, ii. physical labor, iii. capital, iv. knowledge, and iv. ideas. The idea economy deals with the production of ideas…