Difference between revisions of "Innovation"

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==Experts:==
==Experts:==
Peter Drucker, "Innovation is the specific instrument of entrepreneurship... the act that endows resources with a new capacity to create wealth." (Innovation and Entrepreneurship, 1985) <br>
[1] Joseph Schumpeter, Definition of economic innovation (The Theory of Economic Development, 1934, Harvard University Press, Boston.) <br>
    2.The introduction of a new method of production, which need by no means be founded upon a discovery scientifically new,
      and can also exist in a new way of handling a commodity commercially. <br>
    3.The opening of a new market, that is a market into which the particular branch of manufacture of the country in question
      has not previously entered, whether or not this market has existed before. <br>
    4.The conquest of a new source of supply of raw materials or half-manufactured goods, again irrespective of whether this source
      already exists or whether it has first to be created. <br>
    5.The carrying out of the new organization of any industry, like the creation of a monopoly position
    (for example through trustification) or the breaking up of a monopoly position <br>
[2] Peter Drucker, "Innovation is the specific instrument of entrepreneurship... the act that endows resources with a new capacity to create wealth." (Innovation and Entrepreneurship, 1985) <br>
[3] Clayton M. Christensen, Definition of disruptive innovation (The Innovator's Dilemma(1997), The Innovator's Solution(2003)) <br>
"Generally, disruptive innovations were technologically straightforward, consisting of off-the-shelf components put together in a product architecture that was often simpler than prior approaches. They offered less of what customers in established markets wanted and so could rarely be initially employed there. They offered a different package of attributes valued only in emerging markets remote from, and unimportant to, the mainstream." <br>


==Timing:==
==Timing:==
British industrial revolution in the 19th century <br>
http://www.ideafinder.com/history/timeline.htm <br>
Bretton Woods conference, (July, 1944) - the agreements were signed to set up the International Bank for Reconstruction and Development (IBRD), the General Agreement on Tariffs and Trade (GATT), and the International Monetary Fund (IMF). <br>


==Web Resources:==
==Web Resources:==
[1] http://en.wikipedia.org/wiki/Innovation <br>
[1] http://en.wikipedia.org/wiki/Innovation <br>
[2] http://www.cnbc.com/id/17169877 <br>
[2] http://www.cnbc.com/id/17169877 <br>
[3] <br>
[3] http://en.wikipedia.org/wiki/Disruptive_technology#cite_note-FOOTNOTEChristensen199715-3 <br>

Latest revision as of 10:07, 3 September 2010