These standards have been created inside the context of numerous years of work by AECT to define the field of educational technology and to specify the understanding base for the field. The technology entrepreneurship domain and the theory of the firm are interdependent by means of the specialized folks and heterogeneous assets committed to a project for the objective of producing and retaining worth for the firm. The literature search revealed that most of the articles on technologies entrepreneurship appeared in journals not deemed to be in the technology innovation/entrepreneurship domain.
The closest kind to the word technology was ‘tekhnologia’ and it appeared about 1605-15, meaning systematic therapy. Technologies is inherently challenging to handle due to the fact it is continually altering, usually in techniques that cannot be predicted. Technologies, as they create, often comply with a pattern known as the technology S-curve. The not-so-conventional technologies pull is very best described as the reaction to demand in the market place. It appears that agreement about what technology is—and even if a definition ought to be sought at all—has not been reached.
This linear model of innovation has confirmed to be a misconception of the process, even so. Technologies entrepreneurship has much more to do with collaborative production primarily based on a shared vision of future modifications in technologies. The men and women involved in a project influence and are influenced by advances in relevant scientific and technology understanding.
In physics , the discovery of nuclear fission has led to both nuclear weapons and nuclear power Computer systems had been also invented and later miniaturized using transistors and integrated circuits details technologies subsequently led to the creation of the World wide web , which ushered in the present Details Age Humans have also been capable to explore space with satellites (later employed for telecommunication ) and in manned missions going all the way to the moon.
Technology management is the set of policies and practices that leverage technologies to construct, maintain, and enhance the competitive advantage of the firm on the basis of proprietary information and know-how. The fourth stage of the definition tells us what we function with: technological processes and resources. The proposed formal definition of technology entrepreneurship ought to prove useful in adding to our understanding of how entrepreneurship functions in a firm that invests in projects that are interdependent with advances in science and technology.