Technological Paradigms and Technological Trajectories

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GRA 3154 International Perspectives in Innovation Technological paradigms and technological trajectories A suggested interpretation of the determinants and directions of technical change -Giovanni Dosi Swagat R. Pyakurel Student number: 08926841 MSc, Innovation and Entrepreneurship Background ‡ Similarities between science and technology (in procedures and nature) paradigms ‡ Inadequacy of one-dimensional market centric explanation of emergence of new technological paradigm. 1. Introduction ‡ Relationship between economic growth and change, and technical progress. ‡ Demand-pull and Technology-push theories and their weaknesses. ‡ Technological paradigm and technical trajectory. 2. Critical review of the theories of technical change ‡ Demand pull: recognition of needs by producers followed by attempts to satisfy those through technological efforts. Needs expression of preferences - increased demand (of goods with preferred characteristics) - producer entry proper innovative process product ‡ Market signalling ‡ Criticism (Demand pull) - Technological changes as being passive and reactive to market conditions. - Inability to explain selection and timing of a certain technological development instead of others Neglect of change in inventive capability over time - 3. Technological paradigm and technological trajectories ‡ ‡ ‡ - Broad definition of technology Technological paradigm and analogy with scientific paradigm Technological trajectory A normal problem solving activity within a technological paradigm ‡ ‡ Exclusion effect Economic forces, and institutional and social factors operate as a selective device in establishment of a certain technology Economic criteria direct the actual path Trajectories might be more or less powerful and complementary. Superiority of one technological path over another (determination) ‡ ‡ ‡ ‡ Institutional effect on selection of technology and their importance - Weakness of market mechanisms in selection of technological directions ‡ Selection criteria: Excluding possible developments (negative criteria) marketability, cost saving capability (positive criteria) ‡ Final selection is through market as the selecting device. Supply side define the paradigm and markets define the trajectories. 4. Technical change and industrial structure ‡ First phase: emergence of new technologies characterized by emergence of new firms ‡ Second phase: Oligopolistic maturity Conclusions ‡ Incremental versus radical innovations: normal technical progress versus emerging technological paradigms ‡ Procedures of technical change ‡ Cumulativeness of technical advances Importance of institutions References ‡ David J. Teece, Dosi's technological paradigms and trajectories: insights for economics and management , ICC (2008) 17 (3): 507-512. Arianna Martinelli , Technological trajectories and Industry evolution: The case of the Telecom Switching Industry. , DRUID-DIME Academy Winter 2008 PhD Conference, (Accessed 28th Aug, 2010, http://www2.druid.dk/conferences/viewpaper.php?id=1947&cf=28) ‡ Discussions
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A presentation on "Technological Paradigms and Technological Trajectories" by Giovanni Dosi.