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...

Innovation Innovation is the act of developing a new process or product and introducing it to the market. It is essentially an entrepreneurial act, whether it takes place in a start-up firm, a large organization, a not-for-profit, or a public-sector...

In technology, an improvement to something already existing. Distinguishing an element of novelty in an invention remains a concern of patent law. The Renaissance was a period of unusual innovation: Leonardo da Vinci produced ingenious designs for...

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...

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...