Abstract:Technological innovation is viewed as one of the main economic multipliers. In high-technology sectors, with intense competition and short product life cycles, failure to detect an emerging technology could be devastating to both incumbent technology pursuers and innovators. Firms typically employ methods such as a Delphi method, Technology growth curves or technology road-mapping methods to identify and forecast growth. Some of these methods are based on a life cycle approach where a technology is expected to… Show more
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