Excerpt from Technological Progress and the Duration of Contribution Spans: December 1991 Predicting the rate of technological progress within a given field is an enduring problem for those individuals who are responsible for the allocation of scarce resources. Ideally, if managers and government policy-makers had at their disposal an array of indicators to enable them to predict the rate of technological progress in a field, optimal resource allocation would be assured. Indeed, the ability of managers and policymakers to ...
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Excerpt from Technological Progress and the Duration of Contribution Spans: December 1991 Predicting the rate of technological progress within a given field is an enduring problem for those individuals who are responsible for the allocation of scarce resources. Ideally, if managers and government policy-makers had at their disposal an array of indicators to enable them to predict the rate of technological progress in a field, optimal resource allocation would be assured. Indeed, the ability of managers and policymakers to comprehend the pace and the direction of technological advancement will largely determine their firm's or nation's competitive performance in world markets into the next century. This is no small task. Historical accounts of indusrrial evolution, such as with the development of semiconductors, videocassette recorders, and personal computers, show the immense difficulties some firms encounter when confronted by new technologies [1, 2. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at ... This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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