Innovation And Technological Change

An analysis of market response to technological performance

It is a curious situation that technologies we now take for granted have, when first introduced, so often stoked public controversy and concern for public welfare. At the root of this tension is the perception that the benefits of new technologies will accrue only to small sections of society, while the risks will be more widely distributed. Drawing from nearly 600 years of technology history, Calestous Juma identifies the tension between the need for innovation and the pressure to maintain continuity, social order, and stability as one of today's biggest policy challenges. He reveals the extent to which modern technological controversies grow out of distrust in public and private institutions and shows how new technologies emerge, take root, and create new institutional ecologies that favor their establishment in the marketplace. Innovation and Its Enemies calls upon public leaders to work with scientists, engineers, and entrepreneurs to manage technological change and expand public engagement on scientific and technological matters.

An area of neglect in much of current economic theory has been its lack of attention to the impact of technological innovation on the structure and behavior of firms and the market. This book is a comprehensive study of the economic implications of technological change for three primary institutions: the firm, the market, and the civil sector.

In 1903 the Wright brothers' airplane travelled a couple of hundred yards. Today fleets of streamlined jets transport millions of people each day to cities worldwide. Between discovery and application, between invention and widespread use, there is a world of innovation, of tinkering, improvement and adaptation. This is the world David Mowery and Nathan Rosenberg map out in Paths of Innovation, a tour of the intersecting routes of technological change. Throughout their book, Mowery and Rosenberg demonstrate that the simultaneous emergence of new engineering and applied science disciplines in the universities, in tandem with growth in the Research and Development industry and scientific research, has been a primary factor in the rapid rate of technological change. Innovation and incentives to develop new, viable processes have led to the creation of new economic resources - which will determine the future of technological innovation and economic growth.

This book presents a reader-friendly analysis and synthesis of the key economic and management approaches to innovation, entrepreneurship, and technological change. Link and Siegel provide precise definitions of key concepts, present numerous historical examples to illustrate these concepts, outline a framework for analyzing key topics, compare and contrast different theoretical frameworks, provide a reader-friendly interpretation of quantitative and qualitative findings, and emphasize international comparisons of innovation infrastructure and technology policy. Key topics covered include: · basic concepts of innovation and technological change, · a history of the role of the entrepreneur in innovation, · the impact of innovation and information technology on performance, · the analysis of technological spillovers, · innovation in the service sector, · university technology commercialization and entrepreneurship, including property-based institutions such as research parks and incubators, · entrepreneurship in the public sector, · the first systematic analysis and synthesis of the new interdisciplinary literature on technology commercialization and entrepreneurship at universities. While the book reflects the complexities of debate around these topics, it will be an important guide to the area for academics, graduate, and advanced undergraduate students of Business Studies, Economics, Entrepreneurship, and Innovation Studies. The book also provides a roadmap of specific recommendations for managers and policymakers.

Entrepreneurship, Innovation and Technological Change links the prevalent theory from the entrepreneurship literature concerning opportunity recognition and exploitation to economic theory, in particular the model of the knowledge production function.

Professor Jin's new book, Global Technological Change: From Hard Technology to Soft Technology, is a powerful re-conceptualization of technological options and innovation management, which can help steer societies in assessing technologies for the 21st century. As Zhouying Jin correctly points out: in emerging knowledge societies, the "soft" technologies are drivers of physical "hard" technologies. These soft technologies include management, organizational design, education for creativity and entrepreneurship, good governance, prudent regulation, patent systems, efficient banking as well as fostering systems thinking, ecological and cultural balance. This book is a major intellectual advance that can help clarify human choices for decades to come.--Hazel Henderson, Advisory Council Member, US Office of Technology Assessment, National Science Foundation, National Academy of Engineering (1974-1980); President, Ethical Markets Media (USA and Brazil); member, Club of Rome --

Technological change is exciting as much as it is daunting. The arrival of new digital tools affects consumption patterns, types of employment and working conditions, and can pose challenges to organizations and individuals alike. Indeed, although technological change is a factor for economic growth, it can also be an amplifier, or even a catalyst, of inequality. It is also a social change and interacts in complex ways: technology is both the source and the consequence of social transformation. To understand technological change and to harness its effects, this book studies transformations at different levels (societal, organizational and individual). In its analysis of the subject, it also draws on a number of disciplines of the human and social sciences, such as anthropology, sociology and psychology.