1
Q
Define the two types of technology transfer
A
Vertical - Information is transmitted from basic research to applied research to development to production
Horizontal - Companies supply information to other companies - technology is transferred from one place/ context/ organisation to another
2
Q
What is diffusion?
A
- Time it takes for manufacturers or consumers to adopt an innovation
- Usually an S curve
- Much more rapid than in the past - purchasing power is greater nowadays - ability to share info is also greater so people know quicker
3
Q
Why do inventions take so long to reach the marketplace? and why is this important?
A
- How quickly a technology takes to reach the market may affect its success
- Some inventions may require system level change before it can be realised as an innovation - fibre optic integration for telecommunications etc.
