Technology Dictionary Definition

Alan Kay, a brilliant polymath who has worked at Atari, Xerox, Apple, and Disney, came up with as excellent a definition of technology as I’ve heard. The existing requirements are significantly changed from earlier versions that were primarily based upon roles and functions of instructional technologies experts. The reasons that technology entrepreneurship needs a firm are related to the motives why an entrepreneur requirements a firm described by Foss, Klein, and Bylund ( 2011 ). Much more not too long ago, modern day works of science fiction, such as these by Philip K. Dick and William Gibson , and films (e.g. Blade Runner , Ghost in the Shell ) project highly ambivalent or cautionary attitudes toward technology’s influence on human society and identity.

It is about managing joint exploration and exploitation, exactly where every single person has roles and responsibilities in collaboratively and cooperatively moving forward toward accomplishing shared ambitions ( Lindenberg and Foss, 2011 ). Technology entrepreneurship is about investing in and executing the firms’ projects, not just recognizing technologies or industry opportunities.

Innovation is organized in a more linear fashion, and internal organization favors discipline and concentrate. Also during 2004, IBM elected to sell its individual computing division to concentrate on data technology and computer software development. It focuses on how, why, and when technology entrepreneurship affects the socio-economic development of a area.

The definition has the status of being accepted by the premier international academic association in the field of educational technologies (AECT, ). One set of forces relates to the tension in between the demands of the marketplace and the capabilities of the technologies below development. In Figures 1 and two, we interpret the attainable configurations combining market place and technologies push and pull from a technology and a industry viewpoint.

The spread of paper and printing to the West, as in this printing press , helped scientists and politicians communicate their concepts very easily, major to the Age of Enlightenment an instance of technology as cultural force. Most firms develop technology platforms, which are generic architectures that turn into the basis for a selection of technology-based products and services. Scholarly work on technology entrepreneurship has not contributed substantially to other fields such as economics, entrepreneurship, or management.