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R&D/ Technological change Explain the distinction between basic research, applied research, development, commercial production and diffusion stages in the commercial application of a new technology.
R&D/ Technological change
- Explain the distinction between basic research, applied research, development, commercial production and diffusion stages in the commercial application of a new technology.
- Explain the distinction between product innovation and process innovation. Quote examples of new technologies that require elements of both forms of innovation.
- What is the distinction between the creative and destructive aspects of Schumpeter'sprocess of creative destruction?
- What factors are relevant to a firm in determining the speed at which it intends to execute a planned research and development programme? Why might the market structure in which the firm operates be a relevant factor in this decision?
- Distinguish between offensive, defensive, imitative and dependent research and development strategies. Give examples of organizations which follow these strategies.
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