Summary: Science, Business And Policy
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2 Technology
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2.2.2 The power of technology
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Why is there a debate about technology?
People are afraid that technologies control us, on a personal, cultural or economical way -
What are the 4 relationships between humans and technology?
- Technology to exploit the world directly (glasses)
- Technology to exploit the world indirectly (x-ray image, more knowledge needed)
- Technology as part of the environment (CD player)
- Technology in the background (traffic light)
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2.3 Embeddedness of technology
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What are the three levels of technological innovation?
- Niche level (development of concepts; idea for practical use)
- Socio-technological system (system needed to bring the concept on the market)
- Macro-level (cultural and physical characteristics of society)
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Why are most innovations incremental (gradual)?
Systems are stabilized through numerous kinds of factors -
What is an incremental innovation?
- Feature improvement
- Cost reduction
Of products within existing business models and current markets -
When is a radical innovation possible?
When the innovation complement political, cultural and economic changes, resulting in new regime conventions and the involvement of these actors -
2.3.2 Stages of innovation
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What are the 5 stages of innovation development?
- Scientific research
- Technological research
- Product development
- Market introduction
- Societal diffusion
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What happens in the technological research stage regarding innovation?
Scientists explore different technological variants -
What happens in the product development stage of an innovation?
The concept will be connected to- Marketing
- General strategies
- Organisation issues
- Demands of retailers, suppliers and end users
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Why will an innovation gradually lose its flexibility?
An innovation gets connected to- Rules
- Societal parties
- Branding
- Infrastructures (spoor)
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Topics related to Summary: Science, Business And Policy
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Technology - Embeddedness of technology - Stages of innovation
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Technology - Embeddedness of technology - Chain of being: relevant factors for technological innovation
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Recognizing opportunities - Introduction
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Recognizing opportunities - Environmental analysis (PESTEL)
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Recognizing opportunities - Industry analysis - Customers
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Recognizing opportunities - Industry analysis - Products and technology
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Recognizing opportunities - Industry analysis - Technology Adoption Lifecycle
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Recognizing opportunities - Industry analysis - Competition (Porter)
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Economics and Science - Topics in Economics
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Mobilizing recources - Value chains
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Mobilizing recources - Different forms of organizations
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Mobilizing recources - Economies of scale and scope
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Strategy - Corporate strategy - Mission statement and core business
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Strategy - Strategic analysis techniques - Planned and emergent strategy processes
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Strategy - Strategic portfolios
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Strategy - Strategic choices - Joining forces: horizontal and vertical integration
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Strategy - Strategic choices - Innovator or follower
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Finance - Phases of development
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