In business theory, disruptive innovation is innovation that creates a new market and value network or enters at the bottom of an existing market and eventually displaces established market-leading firms, products, and alliances. The term, "disruptive innovation" was popularized by the American academic Clayton Christensen and his collaborators beginning in 1995, but the concept had been previously described in Richard N. Foster's book "Innovation: The Attacker's Advantage" and in the paper Strategic Responses to Technological Threats.
Technology assessment is a practical process of determining the value of a new or emerging technology in and of itself or against existing technologies. This is a means of assessing and rating the new technology from the time when it was first developed to the time when it is potentially accepted by the public and authorities for further use. In essence, TA could be defined as "a form of policy research that examines short- and long term consequences of the application of technology."
Evolutionary economics is a school of economic thought that is inspired by evolutionary biology. Although not defined by a strict set of principles and uniting various approaches, it treats economic development as a process rather than an equilibrium and emphasizes change, innovation, complex interdependencies, self-evolving systems, and limited rationality as the drivers of economic evolution. The support for the evolutionary approach to economics in recent decades seems to have initially emerged as a criticism of the mainstream neoclassical economics, but by the beginning of the 21st century it had become part of the economic mainstream itself.
Technological change (TC) or technological development is the overall process of invention, innovation and diffusion of technology or processes. In essence, technological change covers the invention of technologies and their commercialization or release as open source via research and development, the continual improvement of technologies, and the diffusion of technologies throughout industry or society. In short, technological change is based on both better and more technology.
Erich Jantsch was an American astrophysicist, engineer, educator, author, consultant and futurist, especially known for his work in the social systems design movement in Europe in the 1970s.
Theories of technological change and innovation attempt to explain the factors that shape technological innovation as well as the impact of technology on society and culture. Some of the most contemporary theories of technological change reject two of the previous views: the linear model of technological innovation and other, the technological determinism. To challenge the linear model, some of today's theories of technological change and innovation point to the history of technology, where they find evidence that technological innovation often gives rise to new scientific fields, and emphasizes the important role that social networks and cultural values play in creating and shaping technological artifacts. To challenge the so-called "technological determinism", today's theories of technological change emphasize the scope of the need of technical choice, which they find to be greater than most laypeople can realize; as scientists in philosophy of science, and further science and technology often like to say about this "It could have been different." For this reason, theorists who take these positions often argue that a greater public involvement in technological decision-making is desired.
Andrey Vitalievich Korotayev is a Russian anthropologist, economic historian, comparative political scientist, demographer and sociologist, with major contributions to world-systems theory, cross-cultural studies, Near Eastern history, Big History, and mathematical modelling of social and economic macrodynamics.
Arie Rip is a Dutch professor emeritus of Philosophy of Science and Technology.
Innovation economics is new, and growing field of economic theory and applied/experimental economics that emphasizes innovation and entrepreneurship. It comprises both the application of any type of innovations, especially technological, but not only, into economic use. In classical economics this is the application of customer new technology into economic use; but also it could refer to the field of innovation and experimental economics that refers the new economic science developments that may be considered innovative. In his 1942 book Capitalism, Socialism and Democracy, economist Joseph Schumpeter introduced the notion of an innovation economy. He argued that evolving institutions, entrepreneurs and technological changes were at the heart of economic growth. However, it is only in recent years that "innovation economy," grounded in Schumpeter's ideas, has become a mainstream concept".
Science Policy Research Unit (SPRU) is a research centre based at University of Sussex in Falmer, near Brighton, UK. It focuses on long term transformative change, science policy and innovation across different sectors, societies and structures. It was one of the first interdisciplinary research centres in the field of science and technology policy and at the forefront of the development of innovation as an academic discipline. Alongside internationally renowned research, SPRU also offers a range of MSc courses, as well as PhD research degrees.
Innovation management is a combination of the management of innovation processes, and change management. It refers to product, business process, marketing and organizational innovation. Innovation management is the subject of ISO 56000 series standards being developed by ISO TC 279.
The technological innovation system is a concept developed within the scientific field of innovation studies which serves to explain the nature and rate of technological change. A Technological Innovation System can be defined as ‘a dynamic network of agents interacting in a specific economic/industrial area under a particular institutional infrastructure and involved in the generation, diffusion, and utilization of technology’.
Tessaleno Campos Devezas is a Brazilian-born Portuguese physicist, systems theorist, and materials scientist. He is best known for his contributions to the long waves theory in socioeconomic development, technological evolution, energy systems as well as world system analysis.
Transition management is a governance approach that aims to facilitate and accelerate sustainability transitions through a participatory process of visioning, learning and experimenting. In its application, transition management seeks to bring together multiple viewpoints and multiple approaches in a 'transition arena'. Participants are invited to structure their shared problems with the current system and develop shared visions and goals which are then tested for practicality through the use of experimentation, learning and reflexivity. The model is often discussed in reference to sustainable development and the possible use of the model as a method for change.
Demand articulation is a concept developed within the scientific field of innovation studies which serves to explain learning processes about needs for new and emerging technologies. Emerging technologies are technologies in their early phase of development, which have not resulted in concrete products yet. Many characteristics of these technologies, such as the technological aspects but also the needs of users concerning the technology, have not been specified yet. Demand articulation can be defined as ‘iterative, inherently creative processes in which stakeholders try to address what they perceive as important characteristics of and attempt to unravel preferences for an emerging innovation’.
Technological transitions (TT) can best be described as a collection of theories regarding how technological innovations occur, the driving forces behind them, and how they are incorporated into society. TT draws on a number of fields, including history of science, technology studies, and evolutionary economics. Alongside the technological advancement, TT considers wider societal changes such as "user practices, regulation, industrial networks, infrastructure, and symbolic meaning or culture". Hughes refers to the 'seamless web' where physical artifacts, organizations, scientific communities, and social practices combine. A technological transition occurs when there is a major shift in these socio-technical configurations.
Engineering studies is an interdisciplinary branch of social sciences and humanities devoted to the study of engineers and their activities, often considered a part of science and technology studies (STS), and intersecting with and drawing from engineering education research. Studying engineers refers among other to the history and the sociology of their profession, its institutionalization and organization, the social composition and structure of the population of engineers, their training, their trajectory, etc. A subfield is for instance Women in engineering. Studying engineering refers to the study of engineering activities and practices, their knowledge and ontologies, their role into the society, their engagement.
Igor Yegorov is a Ukrainian economist, Sc.D. in Economics, Deputy Director of the Institute for Economics and Forecasting of the National Academy of Sciences of Ukraine, and Professor at the Faculty of Economics at the Taras Shevchenko National University of Kyiv. Until 2013 he was the Head of Department for Systemic Studies of S&T Potential at G.M. Dobrov Center for Scientific and Technological Potential and Science History Studies of the NAS of Ukraine. He is a member of the Academic Council of Scientific and Technical Complex for Statistical Research of the State Statistics Service of Ukraine.
Johannes Willem "Johan" Schot is a Dutch historian working in the field of science and technology policy. A historian of technology and an expert in sustainability transitions, Johan Schot is Professor of Global Comparative History at the Centre for Global Challenges, Utrecht University. He is the Academic Director of the Transformative Innovation Policy Consortium (TIPC) and former Director of the Science Policy Research Unit (SPRU) at the University of Sussex. He was elected to the Royal Netherlands Academy of Arts and Sciences (KNAW) in 2009. He is the Principal Investigator of the Deep Transitions Lab.
Green industrial policy (GIP) is strategic government policy that attempts to accelerate the development and growth of green industries to transition towards a low-carbon economy. Green industrial policy is necessary because green industries such as renewable energy and low-carbon public transportation infrastructure face high costs and many risks in terms of the market economy. Therefore, they need support from the public sector in the form of industrial policy until they become commercially viable. Natural scientists warn that immediate action must occur to lower greenhouse gas emissions and mitigate the effects of climate change. Social scientists argue that the mitigation of climate change requires state intervention and governance reform. Thus, governments use GIP to address the economic, political, and environmental issues of climate change. GIP is conducive to sustainable economic, institutional, and technological transformation. It goes beyond the free market economic structure to address market failures and commitment problems that hinder sustainable investment. Effective GIP builds political support for carbon regulation, which is necessary to transition towards a low-carbon economy. Several governments use different types of GIP that lead to various outcomes. The Green Industry plays a pivotal role in creating a sustainable and environmentally responsible future; By prioritizing resource efficiency, renewable energy, and eco-friendly practices, this industry significantly benefits society and the planet at large.
