Whois & Analysis for managementexchange.com

A mature technology is a technology that has been in use for long enough that most of its initial faults and inherent problems have been removed or reduced by further development.

In some contexts, it may also refer to technology that has not seen widespread use, but whose scientific background is well understood.

Open innovation is a term promoted by Henry Chesbrough, adjunct professor and faculty director of the Center for Open Innovation at the Haas School of Business at the University of California, in a book of the same name, though the idea and discussion about some consequences (especially the interfirm cooperation in R&D) date as far back as the 1960s.

The term was originally referred to as "a paradigm that assumes that firms can and should use external ideas as well as internal ideas, and internal and external paths to market, as the firms look to advance their technology".

More recently, it is defined as "a distributed innovation process based on purposively managed knowledge flows across organizational boundaries, using pecuniary and non-pecuniary mechanisms in line with the organization's business model".

The boundaries between a firm and its environment have become more permeable; innovations can easily transfer inward and outward.

The New Age is a term applied to a range of spiritual or religious beliefs and practices that developed in Western nations during the 1970s.

Precise scholarly definitions of the New Age differ in their emphasis, largely as a result of its highly eclectic structure.

Although analytically often considered to be religious, those involved in it typically prefer the designation of "spiritual" and rarely use the term "New Age" themselves.

Many scholars of the subject refer to it as the New Age movement, although others contest this term and suggest that it is better seen as a milieu or zeitgeist.

Innovation Exchange Inc. (IX) was an open innovation vendor.

IX operates a website which acts as a platform for companies and non-profit organizations to present innovation challenges to a community of innovators.

This community is constituted of individuals as well as small and midsize businesses.

In contrast to vendors focused primarily on innovation in the physical sciences, Innovation Exchange fosters product, service, process and business model development.

An invention is a unique or novel device, method, composition or process.

The invention process is a process within an overall engineering and product development process.

It may be an improvement upon a machine or product or a new process for creating an object or a result.

An invention that achieves a completely unique function or result may be a radical breakthrough.

Such works are novel and not obvious to others skilled in the same field.

An inventor may be taking a big step in success or failure.