Innovation Economics Archives

Engineering education for driving innovation suffers from major limitations due to a lack of focus on jobs to be done, empathy, and winning race

Engineering Education in Driving Innovation—does it suffer from incompleteness?

Jeff Hawkins, a graduate of top American universities like Berkeley and Cornell, puzzled many by playing with a block of wood for months while designing the Palm Pilot. Instead of…

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Optimus Humanoid Robot – Demands a New Technology Core

Elon Musk’s recent Innovation excitement revolves around the Optimus Humanoid Robot, also known as the Tesla Bot. As widely reported in the media, Musk envisions Optimus as a groundbreaking product…

Mitigating innovation risks through sourcing components from the supply chain and refining them by global innovation ecosystem is vital

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Mitigating Innovation Risks through Technology Supply Chain and Global Innovation Ecosystem

Both Startups and existing players suffer from the challenge of mitigating Innovation risks caused by technology uncertainty, intellectual properties, barriers to the cross threshold and cham, competence needs, lead time, and high…

Science-driven innovation management pick latent signals to predict non-linear progression and premature saturation for reducing risks

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Science-Driven Innovation Management for Reducing Extrapolation-based Predictions Risks

Innovation often thrives on the promise of rapid progress, especially in emerging technologies such as artificial intelligence (AI) and autonomous vehicles (AVs). At the outset, these technologies frequently exhibit impressive…

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Magical Innovation Performance Demands Scientific Discoveries

The notion of magical Innovation performance—the ability of Startups and entrepreneurs to turn modest beginnings into global successes—often evokes images of visionary founders unleashing disruptive innovations through sheer creativity and…

Market for Ideas: Why Understanding Market Dynamics is Essential for Leveraging Ideas

In ancient philosophical writings, Karl Marx repeatedly observed the human tendency to innovate and pursue ideas that reshape the world through better ways of Getting jobs done. This observation has…

Innovation Economics

Human-Machine Interface Reinvention Driving Innovation Evolution

The human-machine interface Reinvention is a cornerstone of technological progress and Innovation. From early mechanical switches to advanced neural interfaces, each step in improving human-machine interface (HMI) has enhanced user…

Innovation Economics

Beyond Jugaad: Why Tinkering-Based Grassroots Innovations Are Not the Solution for Less Developed Countries

Grassroots innovations, often associated with tinkering and makeshift solutions, have long been romanticized as a path to progress, especially in less developed countries. The concept of “Jugaad”, a Hindi term…

Creative destruction to prosperity demands a set of principles for balancing innovation’s gains and growing pains in the market economy

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Creative Destruction to Prosperity: Why We Need Guiding Principles for Innovation

Innovation is often hailed as the key driver of economic growth and prosperity. It offers the promise of new opportunities, Wealth creation, and societal advancement. However, the reality of profiting…

Meeting consumers’ conflicting demands of higer quality at less cost by leveraging technology through incremental innovation and reinvention

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Meeting Consumers’ Conflicting Demands: Innovation in Action for Low-Cost, High-Quality Products

Consumers are in search of higher quality products at a less price to get their jobs done better. Hence, meeting consumers’ conflicting demands to make profit is a core business…

Engineering economics and management is to turn the scarcity of resources into abundance of wealth through inventing and scaling technology possibilities

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Engineering Economics and Management: Transform Scarcity into Abundant Wealth through Innovation

Transforming scarcity into abundant Wealth has become a crucial need for offering growing fellow human beings an increasingly better living standard—while causing less environmental harm. Fortunately, in today’s rapidly evolving…

Tata Nano frugal innovation journey reveals that cost reduction through removing features and making others inferior may result in rejection.

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Tata Nano Frugal Innovation Journey: Affordable Innovation or Unwanted Compromise?

Before the launch of the actual product, Tata Nano frugal Innovation journey was highly hailed by industry leaders, scholars, and customers alike. Enthusiasm was so much so that customers deposited…

Innovation Economics

Engineering Education in Driving Innovation—does it suffer from incompleteness?

Optimus Humanoid Robot – Demands a New Technology Core

Mitigating Innovation Risks through Technology Supply Chain and Global Innovation Ecosystem

Science-Driven Innovation Management for Reducing Extrapolation-based Predictions Risks

Magical Innovation Performance Demands Scientific Discoveries

Market for Ideas: Why Understanding Market Dynamics is Essential for Leveraging Ideas

Human-Machine Interface Reinvention Driving Innovation Evolution

Beyond Jugaad: Why Tinkering-Based Grassroots Innovations Are Not the Solution for Less Developed Countries

Creative Destruction to Prosperity: Why We Need Guiding Principles for Innovation

Meeting Consumers’ Conflicting Demands: Innovation in Action for Low-Cost, High-Quality Products

Engineering Economics and Management: Transform Scarcity into Abundant Wealth through Innovation

Tata Nano Frugal Innovation Journey: Affordable Innovation or Unwanted Compromise?

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