Models of Technological Evolution Their Impact onTechnology Management

Discusses the model of industrial development, the Scurve model and the model of technological life cycles. Shows that these three models are based on similar assumptions and are, therefore, closely related. The analysis shows, furthermore, that the models have significant implications for technolog...

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Bibliographic Details
Published inMarketing intelligence & planning Vol. 11; no. 1; pp. 20 - 27
Main Authors Benkenstein, Martin, Bloch, Brian
Format Journal Article
LanguageEnglish
Published MCB UP Ltd 01.01.1993
Subjects
Management
Modelling
Technology
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Summary:Discusses the model of industrial development, the Scurve model and the model of technological life cycles. Shows that these three models are based on similar assumptions and are, therefore, closely related. The analysis shows, furthermore, that the models have significant implications for technology management. Finally, analyses the extent to which conventional methods of evaluating technological projects take these implications into account. Subjective evaluation techniques, riskreturn analyses as well as portfolio methods are subject to critical appraisal. All in all, it becomes clear that these evaluative tools are, at best, of limited use.
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ISSN:0263-4503
1758-8049
DOI:10.1108/02634509310024146