Difference between revisions of "Innovation"

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[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>
[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>  
[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  
"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>
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:==

Latest revision as of 10:07, 3 September 2010