Creative Destruction of Automobile Invention
After a century-long tinkering of different technology cores, internal combustion engine (ICE) based Creative Destruction of automobile invention emerged at the fag end of the 19th century. This wave of…
Education & Research
104 posts
Evolution of Smartphone as Disruptive Innovation
By taking the advantage of economies of scale, scope and externality of software centric innovation, innovators have turned smartphone as a strong force of disruptive innovation.
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…
Developing Countries to Succeed in Innovation
To attain sustained growth capability, developing countries must succeed in Innovation. However, how to make and measure progress? The ultimate measure is to keep making progress in generating ideas and…
Passion and Knowledge for Scarcity of Ideas
There is no natural correlation between R&D budget, publications and patents
Education without Passion Stalls Development—lessons from the history
The Passion for Perfection leads to the production of ideas and their integration into products and processes. Subsequently, it leads to offering us increasingly better products at less cost to…
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…
Science, Technology, and Innovation Policies—10 realities to face
There has been increasing investment in science and technology. Even developing countries are promoting start-ups, and youths are highly receptive. Furthermore, there has been a belief that start-ups could open…
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…
Technology Policy for Idea Economy Fuels Increasing Prosperity through Creative Destruction
Schumpeter observed Creative Destruction is at the core of the Market Economy to offer us an increasingly better-quality life. Waves of technological Innovation are emerging one after another, offering us…