Invention and Monopolization of Word Processing
Word Processing has a root in the invention of technology, in the 18th century, for producing the impression of typed characters. It led to the Innovation of typewriters. Over a…
Economics of Innovation
44 posts
Passion and Knowledge for Scarcity of Ideas
There is no natural correlation between R&D budget, publications and patents
Craftsmanship to Creative Wave of Destruction—a strategy for profiting from ideas
The world is now divided into two halves-object and ideas suppliers. Ideas are getting far more powerful than objects, like natural resources and labor, for creating new Wealth. Object suppliers…
Scarcity of Ideas Impeding Innovation
Ideas are at the core of Innovation. We use ideas to add features and improve existing ones of products to get our job done better. Besides, once we succeed in…
Principles of Innovation Economics in Market Economy
As opposed to labor and natural resources, innovative ideas dominate Wealth creation. Starting from the idea of the automobile to the idea of storing data on semiconductors, there are numerous…
Engineering Management in Innovation Era
Engineering management has many connotations, and they have been evolving. Let’s have an acceptable definition, to begin with. Engineering management in the Innovation era involves the ability to i. interpret…
Engineering Economics for Innovation Economy
Engineering has a deep root in physical science. Scientific knowledge forms the core of the technological invention. Engineering is often known as the application of the principles of science and…
Electrical and Computer Engineering Fuels Innovation Economy
Although ECE education is focusing on sharing existing body of knowledge, they increasingly need the competence of developing ideas for improving existing products and processes, and also innovating new ones. Most importantly, they need to know how to succeed to trade them in the globally competitive market economy.