Lesson 3: Technological Innovation

Technology

•A body of knowledge and practice (often referring to the application of scientific knowledge, although the emphasis on scientific, is in fact, too narrow).

•As artefact and knowledge represent two of the components of the “bundles” of assets, such as specific forms of intellectual property, organisational capabilities, complemenetary technologies and even commercial brands that together provide potentially innovative products and services.

•Serves as cornerstone to research, design, development, manufacturing and marketing.

•Artefacts

•Knowledge

•Mode of Enquiry and Action

Mode of Enquiry and Action

•Product blank might be a particular approach to research and development.

Knowledge

•Product blank is about architecture and design.

Artefacts

•Product blank are component technologies within the product.

Innovation

•Generate or realise a new idea (innovation and creativity)

•Develop this idea into reality or product (realisation)

•Implement and market this new idea (implementation)

Technological Innovation

•Generate or realise a new idea, based on technology, capability or knowledge (invention)

•Develop this into a reality or product (realisation)

•Diffuse, implement and market this new idea, technology, capability or knowledge (implementation)

•To conceive and produce a new solution (from a scientific and technological knowledge) to a real or perceived need.

•To develop this solution  into viable and producible entity

•To successfully introduce and supply this entity to the real or perceived need.

1770 - 1840

Early Mechanization

• Textiles

• Water Power

  • Canals

1840-1890

Steam Power and Railways

• Steam Machines

• Machine Tools

• Railways

• Steamships

1890-1950/60

Electrical and Heavy Engineering

• Synthetic Dyes

• Electricity

1920-1990

Fordist Mass Production

1970

Information and Communication Technology

2000

Life Sciences