The application of an INVENTION to a process of production or the introduction of a new product. A method of measuring an innovation is by estimating the extent to which an industry uses the new process or product. Innovations occur more in...

Technical improvements embodied in the capital stock. Net or replacement investment can increase the amount of embodied technical progress as in both cases the equipment available and chosen for purchase will usually employ the latest technology See...

Technology Management Technology is a Greek word derived from the synthesis of two words: techne (meaning art) and logos (meaning logic or science). So loosely interpreted, technology means the art of logic or the art of scientific discipline....

Technological innovation has been a leading agent of social change, worldwide, since the late 1700s, serving as the conduit into society of developments in science and technology. As such, it has been at the center of ethical issues ranging from the...

A personification of innovation as represented by a statue in The American Adventure in the World Showcase pavilion of Walt Disney World's Epcot. The classic definitions of innovation include: the act of introducing something new: something newly...

www.innovation.org [Figure 1 ] The process of drug discovery has seen many transformations. In the post World War II era, medicinal synthetic organic chemistry and pharmacology were the prime drivers of pharmaceutical innovation which in turn fuelled a highly successful and profitable industry....

Hans Hageraats and Tad Yamaguchi Hans Hageraats and Tad Yamaguchi earn recognition as Innovator of the Year finalists for their efforts that led to Maxim's MAX2640 and MAX2641 silicon-germanium (SiGe) low-noise amplifiers (see pg 56), which outperform all other low-noise amplifiers in...

For the U.S. to gain the upper hand in innovation, the government needs to partner with free enterprise. That's a key premise of tech expert John Kao's forthcoming book, "Innovation Nation." Kao doesn't advocate a bureaucratic boondoggle, with the government ineptly "managing" innovation. He envisions...

You head a firm whose innovation rate is hit and miss. Ask yourself these questions: Does innovation at your company result in organic growth? Is it spurred by streamlined internal systems, or stymied by competing departments? Does your business have an equal focus on products...