Regarding the development of a new innovation (technological system), put the fo

Question

Regarding the development of a new innovation (technological system), put the following events in their typical order…

_____ Those involved begin looking for/developing the next innovation.

_____ Controls are added by government or society.

_____ Good inventions take off and are adopted by a larger and larger population.

_____ The invention is “marketed” (i.e., a market must be created).

_____ The use of the invention gains such popularity it use gets out of control.

_____ The invention becomes a reality

Explanation / Answer

In the event of development of new innovation the order of events are :

____ The invention becomes a reality - Alll inovation starts with an idea and development starts only when innovatiobn becomes a reality and converted into a product.

_____ The invention is “marketed” (i.e., a market must be created). - Now as new technology is unaware to people, the product should be marketed or market should be created for the product

____ Good inventions take off and are adopted by a larger and larger population.- If Product is good and provides value to user it will be adopted by people

_____ The use of the invention gains such popularity it use gets out of control.- --- If the invention becomes very popular and demand goes high, the developer might misuse it and create monopoly in market

_____ Controls are added by government or society.- in uncontrol enviorment government or society play role to control the misuse by creating policy or rule.

_____ Those involved begin looking for/developing the next innovation. -- after few time lot of player will start producing the product and it may becomes commodity in future and Inventor start looks for new innovation

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