What are some examples of customer-driven innovation? How does customer-driven innovation lead to evolution in an industry? Customer-driven innovation is about cases where customers’ needs guided what firms developed. In the excavator industry, innovation came because of gaps in the market. Read on to see customer-driven innovation in the excavator industry.
What is resource dependence theory? How does it apply to innovation in The Innovator’s Dilemma? Resource dependence theory is a concept that explains how customer and investor resources drive innovation. If their needs are not being met, innovation will fail because it won’t have the resources it needs. Read more about resource dependence theory and how it applies to innovation.
What was the fourth industrial revolution? What technologies were created that made this industrial revolution possible? The fourth industrial revolution was the oil, automobile, and mass production revolution. These new technologies were responsible for the fourth industrial revolution and the economic development that followed. Read more about the fourth industrial revolution and the technologies that made it possible.
What was the first industrial revolution? What happened during the first industrial revolution and what technologies created change? The first industrial revolution is considered to be when the first machinery was invented that allowed work to be mechanized. It is also when there was the introduction of the iron industry. Read more about the technologies and events that lead to the first industrial revolution.
What is the first stage of an industrial revolution? How does this first stage lead to later developments? The first stage of an industrial revolution is irruption. An irruption refers to a sudden forceful rushing in of ideas or technology. Read more about the first stage of an industrial revolution and what it means.
What are technological revolutions and how do they occur? What technological revolutions have there been in human history? Technological revolutions happen when new technologies cause economic development. They cause a permanent change in society and how it operates. Keep reading to find out more about how technological revolutions happen.
What are the four stages of an industrial revolution? How do they lead to technological revolutions? The four stages of an industrial revolution include everything from market disruption to maturity and change in the revolution. Each stage is important for creating an industrial revolution that changes the world. Read more about the four stages of an industrial revolution and why they matter.
What is financial capital in technological revolutions? How does it help propel industrial revolutions and why do new technologies need it? Financial capital in technological revolutions actually refers to the agents that make the revolution possible, not money. In this case, it is the condition that allows wealth to be redistributed. Read more about financial capital in technological revolutions.
What is the book Technological Revolutions and Financial Capital about? What criticisms are there about the model in this book and what gaps are there in how these revolutions work? In the book Technological Revolutions and Financial Capital, author Carlota Perez outlines how technological and industrial revolutions come about. This model focuses on the conditions necessary for these revolutions, but of course, there are criticisms of this theory. Read more about criticisms of Technological Revolutions and Financial Capital and how Perez addresses these concerns.
What is the next technological revolution? What phase of industrial revolution are we in, and can we tell where it’s going? These are some of the discussion questions to consider after reading Technological Revolutions and Financial Capital. In the book, Carlota Perez examines the origins of industrial revolutions and the conditions that make them possible. Consider the question “what is the next technological revolution?” and more with these Technological Revolutions and Financial Capital discussion questions.