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5 Cards in this Set

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What may Technology be thought of as?

Technology may be thought of as the artefacts (computer) which embody the technology




However, may also be thought of as the knowledge and understanding which goes with the artefacts, enabling to produce and use them




Technology can be embodied (the artefact e.g. computer) or it can be disembodied




Technology is rooted in the practical world (not theoretical)



What is the Greek definition of Technology (1859)

Technology is "A manner of accomplishing a task (especially using technical processes, methods of knowledge)"




Technology is "The particular application of knowledge, especially in a particular area"

What is Invention?

Invention is the "Generation of new ideas or concepts"

What is Innovation?

Innovation is the "1st commercial production of a new good or service/introduction of a new process in a commercial context"




Innovation is something that is new to an organisation, even if other businesses are already doing it




REVENUE + COST SAVINGS

What is Diffusion?

Diffusion is the process where new ideas/products are accepted by the market, the spread of innovations (it often has a transforming affect)




Diffusion applies to organisational + process innovations as-well as products e.g. Model T production line




The diffusion process often renders existing products/services obsolete e.g. railways rendered the stage coach obsolete