Software Business Model for Automobiles
As soon as we drive our new car out of the showroom, the vehicle’s value starts diminishing. However, that does not happen for software running on our smartphones. Like the…
Opinion
10 posts
Innovation Indices Miss Perfection
Innovation is at the core of sustained economic growth. In addition to natural resources and labor, innovation focuses on generating and adding ideas to products and processes–for making outputs better…
Entering into Innovation Economy through Redesign—A prescription for aspiring developing countries
Often we perceive Innovation as the magical outcome of creative minds. For entering into an Innovation Economy, should we wait for the emergence of creative genius? If it is an…
Fallacy of Economic Growth by Ideas—access to ideas makes poor countries rich
In the discourse of sustained economic growth, experts observe that poor nations are suffering from persistent poverty because they don’t have access to ideas. “Nations are poor because their citizens…
Completion rate on eLearning platforms—alarming!
A recent surge of online education is raising several key questions. Are we in the new era of education? Is the delivery of lectures through video conferencing software over the…
Smartphone Addiction Undermines eLearning Advantages
Smartphone addiction refers to a lack of control over the temptation of frequently touching smartphones, despite the urge of not to do so due to knowing negative effects like social…
Electric Vehicle Disruption–will Tesla be disruptor?
Electric vehicle disruption force has been gaining traction day by day. The global electric vehicle stock passed 5 million passenger cars in 2018, and the growth continued to 10 million…
Innovative Ideas Shape Market Economy
Innovative Ideas Shape Market Economy: Lessons from Great Minds like Adam Smith, Carl Marx, Schumpeter, Vannevar Bush, Steve Jobs, Christenson, Romer, Solow, Tirole, and Porter Economic prosperity has been at…
Electrical and Computer Engineering Fuels Innovation Economy
Although ECE education is focusing on sharing existing body of knowledge, they increasingly need the competence of developing ideas for improving existing products and processes, and also innovating new ones. Most importantly, they need to know how to succeed to trade them in the globally competitive market economy.
Disruptive Technologies Drive Creative Destruction
Schumpeter's creative destruction is at the core of capitalism for offering us successive better products at lower cost. But which power creative destruction? It's disruptive technology. And not all technologies are disruptive ones. How to spot and leverage them often cause decision making challenge, which subsequently cause destruction to incumbents.