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The Dynamic of Technological Innovation

Systems require special management so as to avoid

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Unformatted text preview: resistant legacy sectors Health delivery system Fossil- fuel based energy Input- intensive agriculture Long- distance electric grid Automobile- based transport All are good services but are resistant to innovation needed to meet new social or environmental demands. Socio/economic.poltiical/technological paradigm Physical infrastructure Entrenched politically powerful companies Favorable regulators and legislators Favorable public opinion and political backing Kondratiev Cycles Disruptive Innovations: Companies do explore radical innovations if they provide improvements sought by existing customers Originate in lower- end Like southwest efficiency and cheaper...
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