Handbook of Technology and Innovation Management

Descripción

For thousands of years, technological innovation – the application of knowledge about tools, materials, processes, and techniques to problem solving (Afuah, 2003) – has had a profound effect on our lives as people, sometimes positively, and other times negatively, as any user of electronic mail can attest. Perhaps more importantly for the scholarly study of business, technological innovation has been a central component of the way in which new economic value is created by permitting people and companies to use existing resources more efficiently, as well as to come up with products and services that meet people’s needs in ways that were not met before (Mokyr, 1990). Because technological innovation creates economic value, it also affects the growth and decline in shareholder wealth. This effect on shareholder wealth impacts all shareholders, regardless of whether they are founding entrepreneurs, employees, or investors in companies, and regardless of whether they are shareholders in the innovating company or the company that competes with innovators.

Detalles

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