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Innovation Risk Path Assessing for a Newly Emerging Science and Technology: Illustrated for Dye-Sensitized Solar Cells

Copyright © 2012. 15 pages.
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DOI: 10.4018/978-1-4666-0134-5.ch002|
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MLA

Guo, Ying, Tingting Ma and Alan Porter. "Innovation Risk Path Assessing for a Newly Emerging Science and Technology: Illustrated for Dye-Sensitized Solar Cells." Disruptive Technologies, Innovation and Global Redesign: Emerging Implications. IGI Global, 2012. 12-26. Web. 29 Nov. 2014. doi:10.4018/978-1-4666-0134-5.ch002

APA

Guo, Y., Ma, T., & Porter, A. (2012). Innovation Risk Path Assessing for a Newly Emerging Science and Technology: Illustrated for Dye-Sensitized Solar Cells. In N. Ekekwe, & N. Islam (Eds.) Disruptive Technologies, Innovation and Global Redesign: Emerging Implications (pp. 12-26). Hershey, PA: Information Science Reference. doi:10.4018/978-1-4666-0134-5.ch002

Chicago

Guo, Ying, Tingting Ma and Alan Porter. "Innovation Risk Path Assessing for a Newly Emerging Science and Technology: Illustrated for Dye-Sensitized Solar Cells." In Disruptive Technologies, Innovation and Global Redesign: Emerging Implications, ed. Ndubuisi Ekekwe and Nazrul Islam, 12-26 (2012), accessed November 29, 2014. doi:10.4018/978-1-4666-0134-5.ch002

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Abstract

For “Newly Emerging Science & Technologies” (“NESTs”), uncertainty is the major challenge. Technological innovation for NESTs faces many kinds of risks that dramatically affect their development paths. This chapter combines methods of risk utility theory and technology path research and explores a new innovation risk path modeling method for NEST development. Here, the authors apply selected tools from risk utility theory and technology path research to the NEST of special concern—Dye-Sensitized Solar Cells (DSSCs). The case for DSSC commercialization is promising, but challengeable. The prospects for future development of DSSCs are good, with identifiable markets. Multi-party collaboration appears necessary in order to overcome challenges to development. If key technology component selection, technical stability, maturation rate, and other core issues can be improved, commercial innovation has tremendous potential. However, significant competing technologies, as well as uncertain environmental influences, complicate matters. This combination of qualitative and quantitative approaches should yield robust assessment and should allow for better communication of those results. It is useful for technology managers and policy-makers to grasp the development process and prospects for a specific NEST to facilitate innovation management.
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Introduction

“NESTs” are a loose category to which our European colleagues are drawing special attention (Jacobsson and Johnson, 2000; Foxon et al., 2005; Markard, 2006; Robinson and Propp, 2008). Classical technology forecasting methods were devised to address incrementally advancing technological systems (e.g., Moore’s Law well describes some six decades of semi-conductor-based advances). Those methods keyed on technical system parameters, somewhat more than on socio-economic system aspects, because they were initially driven by Cold War tendencies to concentrate on functional gains more than on cost and market issues. Today’s NESTs are more apt to incorporate science-based advances (e.g., in the biotechnologies and nanotechnologies), which tend to occur sporadically, sometimes with disruptive effects. Analyses of NESTs are often related to economic opportunities, with significant concern for identifying and mitigating potential “unintended, indirect, and delayed” societal consequences. We seek to contribute to the development of analytical tools to relate early-stage scientific advances to long-term implications (i.e., potential applications and their implications).

The previous research provides the research base and useful insights on risk indicator and system, project evaluation methods, the concept of risk, risk identification, risk assessment, and risk early warning. However, these previous studies all assumed a static point of risk assessment without consideration of effectiveness of utilities of different risk levels in different stages of the dynamic technological development. At this point, no systematic research method on dynamic development of new technology products has been devised. To solve this problem, we attempt to evaluate the effectiveness of the risks in the process of development of new technological products from the point of view of the technical pathway. This study combines the theories of risk utility evaluation and technological pathway and contributes to the literature on those two theories.

Here we applied selected tools from risk utility theory and technology path research to the NEST of special concern—Dye-Sensitized Solar Cells (“DSSCs”).

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Complete Chapter List

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Table of Contents
Preface
Ndubuisi Ekekwe, Nazrul Islam
Chapter 1
Nazrul Islam, Ndubuisi Ekekwe
Innovations from disruptive technologies drive new opportunities through provision of higher-valued products and services. They create new markets... Sample PDF
Disruptive Technologies, Innovation and Global Redesign
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Chapter 2
Ying Guo, Tingting Ma, Alan Porter
For “Newly Emerging Science & Technologies” (“NESTs”), uncertainty is the major challenge. Technological innovation for NESTs faces many kinds of... Sample PDF
Innovation Risk Path Assessing for a Newly Emerging Science and Technology: Illustrated for Dye-Sensitized Solar Cells
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Chapter 3
Nazrul Islam, Sercan Ozcan
In today’s business world, many companies are in search of an innovative strategy to move on to a market where there is as yet no competition. In... Sample PDF
Disruptive Product Innovation Strategy: The Case of Portable Digital Music Player
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Chapter 4
Simon Columbus
The authors of this chapter provide an inter-disciplinary review of studies on economic impacts of mobile telephony in developing countries, giving... Sample PDF
Is the Mobile Phone a Disruptive Technology?: A Partial Review of Evidence from Developing Economies
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Chapter 5
Iuan-Yuan Lu, Chao-Ching Wei
This chapter combines disruptive innovation with industry evolution theory to construct an innovation planning phase, including exploration... Sample PDF
Disruptive Product Strategy for Industry First Mover: A Bottom-Up, Low-Cost Innovation Model
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Chapter 6
Yves Ekoué Amaïzo
This world is experiencing increasing flows of outsourcing of technologies and management behaviors from industrial technology-led countries to... Sample PDF
Technology Breakthrough and Mutability Management: Market Disruption with Disruptive Innovation
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Chapter 7
Ugo Finardi
Nanotechnologies and nanosciences are one of the most important novelties in the panorama of sciences and technologies. This work presents: their... Sample PDF
Nanosciences and Nanotechnologies: Evolution Trajectories and Disruptive Features
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Chapter 8
Davide Aloini, Antonella Martini
Management literature has highlighted that under discontinuous conditions, incumbents have encountered serious obstacles in identifying, developing... Sample PDF
How Firms Deal with Discontinuous Innovation: An Empirical Analysis
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Chapter 9
Tamar Chachibaia
Nanotechnology, the science of building devices at the molecular and atomic levels, is finding applications in many fields. From computing to... Sample PDF
Strategy and Policy Issues Related to Nanotechnology Innovations in Medical Education
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Chapter 10
Ackmez Mudhoo, Zhi-Qing Lin
Nickel (Ni) is one of the toxic heavy metals, and is recognized for its negative effects on the environment where it bioaccumulates and poses a... Sample PDF
Phytoremediation of Nickel: Mechanisms, Application and Management
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Chapter 11
Kunal
This research work presents a conceptual framework used for analyzing financing mechanism for ICT projects. The focus is on developing countries... Sample PDF
Innovation in Financing Mechanism of Information and Communication Technology (ICT)
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Chapter 12
Neslihan Aydogan-Duda
The impact of innovation on the competitive ability of firms is obvious. R&D activities are expensive, time consuming, and risky. Hence, protecting... Sample PDF
Branding Innovation: The Case Study of Turkey
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Chapter 13
Willie O. Siyanbola, Olumuyiwa O. Olamade, Oluseyi O. Isola, Boladale A. Adebowale
Indigenous technologies are integral part of the culture and history of a local community. The need to learn from local communities to enrich the... Sample PDF
Technological Learning and Innovations in Indigenous Leather Clusters in Nigeria: Current Status and Policy Directions
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Chapter 14
Lydia Rose
The disruptive communications technologies to higher educational structures today mimics the disruptive nature of ideological advances to learning... Sample PDF
Social Networks, Online Technologies, and Virtual Learning: (Re)Structuring Oppression and Hierarchies in Academia
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Chapter 15
Ikponmwosa Oghogho, Dickinson C. Odikayor, Abayomi-Alli Adebayo, Samuel T. Wara
This chapter presents VoIP as a disruptive technology to GSM technology as well as the issues, controversies, and problems surrounding its... Sample PDF
VoIP vs GSM Technology: The Way of the Future for Communication
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Chapter 16
Ngozi C. Kamalu, Johnson A. Kamalu
This chapter defines technology and technology transfer and the nature of the challenges posed by technology transfer and decision processes to... Sample PDF
Technology Transfer Means and Processes: Improving the System of Transmitting Scientific Knowledge and Know-How to Recipient Emerging Nations
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Chapter 17
Bellarmine Ezumah
This chapter is an excerpt of a study that addressed the above concern using the One Laptop Per Child (OLPC) projects in Nigeria and Ghana as a... Sample PDF
Planning and Designing Educational Technology for Low-Income Communities: A Participatory and Proactive Approach1
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Chapter 18
Steven McGuire
The European Union has engaged in several attempts to increase the level of innovation in member states – largely without success. This chapter... Sample PDF
Technology and the Multipolar Global Economy: Implications for European Competitiveness
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Chapter 19
Bruce Mutsvairo, Louis Klamroth, Simon Columbus
This study examines three classical theories of mass communication to support a hypothesis suggesting that in the age of Internet, these theories... Sample PDF
Rethinking Mass Communication Theories in the Internet Era
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Chapter 20
Mohammad Nurunnabi, Ella Pereira, Abdul Hannan Chowdhury
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Dream and the Reality: The Adoption of “Digital Concept” in an Emerging Country
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Chapter 21
Ahmed Driouchi, Karim Malki, Nada Zouag
The objective of this chapter is to provide evidence on “how” market processes are not fully helping developing economies benefit from new health... Sample PDF
Market Pitfalls and Economics of New Health Technologies in Developing Economies
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Chapter 22
Bobbe Cummins Colburn, Julie Nolin
Technological hosting, along with partnerships, remains an on-going challenge in relationship to success and development. There have been many... Sample PDF
Expense and Exposure: Virtual Global Education for Tomorrow
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Chapter 23
Natalia Serenko
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The Impact of Genetic Testing and Genetic Information on Ethical, Legal and Social Issues in North America: The Framework
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Chapter 24
Evans S. C. Osabuohien, Uchenna R. Efobi
Application of appropriate technology has been noted as one of the distinguishing factors in growth disparities across countries. Thus, this study... Sample PDF
Technology Diffusion and Economic Progress in Africa: Challenges and Opportunities
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Chapter 25
Güera Massyn Romo
There is an industry tendency to create new roles to compensate for the unavailability of adequately skilled staff. This contributes to establishing... Sample PDF
Consequences of Disruptive Technology: A Review of New Management Practices and Human Capability
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Chapter 26
Dickinson C. Odikayor, Ikponmwosa Oghogho, Samuel T. Wara, Abayomi-Alli Adebayo
Dual-SIM mobile phones utilize technology that permits the use of two SIMs at a time. The technology permits simultaneous access to the mobile... Sample PDF
Dual-SIM Phones: A Disruptive Technology?
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Chapter 27
Olalekan A. Jesuleye, Willie O. Siyanbola, Matthew O. Ilori
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Policy Influence of Solar PV Diffusion into the Nigerian Rural Energy Mix
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Chapter 28
Willie O. Siyanbola, Olalekan A. Jesuleye, Caleb M. Adelowo, Abiodun A. Egbetokun
Technology business incubation is a programme mostly deployed by the nations of the world to promote the development of prototype technology... Sample PDF
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