Software Business Model for Automobiles
As soon as we drive our new car out of the showroom, the vehicle’s value starts diminishing. However, that does not happen for software running on our smartphone. Like the…
Opinion
12 posts
Innovation Indices Miss Perfection
Innovation is at the core of sustained economic growth. In addition to natural resources and labor, innovation focuses on generating and adding ideas to products and processes–for making outputs better…
Entering into Innovation Economy through Redesign—A prescription for aspiring developing countries
Often we perceive innovation as the magical outcome of creative minds. For entering into an innovation economy, should we wait for the emergence of creative genius? If it is an…
Fallacy of Economic Growth by Ideas—access to ideas makes poor countries rich
In the discourse of sustained economic growth, experts observe that poor nations are suffering from persistent poverty because they don’t have access to ideas. “Nations are poor because their citizens…
Dull Jobs for Human—Dead Robots Redefine Future of Work
The future of work is a concern. Of course, we want jobs to earn leaving, and to make a contribution. We also want jobs that are not dull, dirty, and…
Completion rate on eLearning platforms—alarming!
A recent surge of online education is raising several key questions. Are we in the new era of education? Is the delivery of lecture though video conferencing software over the…
Smartphone Addiction Undermines eLearning Advantages
The high penetration of the Internet and the availability of devices, like smartphones, have accelerated the growth of online education. Particularly pandemic has forced schools and universities to take refuse…
Make Electric Vehicle Disruptive–will Tesla fail?
Electric vehicle (EV) is gaining traction day by day. The global electric vehicle stock passed 5 million passenger cars in 2018. More importantly, EV adoption experienced a 63% increase in…
Innovative Ideas Shape Market Economy
Innovative Ideas Shape Market Economy: Lessons from Great Minds like Adam Smith, Carl Marx, Schumpeter, Vannevar Bush, Steve Jobs, Christenson, Romer, Solow, Tirole, and Porter Economic prosperity has been at…
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.
Disruptive Technologies Drive Creative Destruction
Schumpeter's creative destruction is at the core of capitalism for offering us successive better products at lower cost. But which power creative destruction? It's disruptive technology. And not all technologies are disruptive ones. How to spot and leverage them often cause decision making challenge, which subsequently cause destruction to incumbents.
Journey of Start-ups: should they focus on tons of money or flow of knowledge and ideas?
Start-ups are in the journey in taking ideas around new technology core to market for offering better substitution. The proposition is to cause disruption to incumbent products, firms, jobs, and…