ABSTRACT
Dr Fopke Klok, Head of Philips Research, October 15, 2003 in Amsterdam
In the Oxford Dictionary, technology is defined as “the application of scientific knowledge for practical purposes.” Even if not always, still much of that “application” requires or leads to making changes in existing products, processes or methods – or in other words technology typically requires or
trends in technology discussed in this book so far, such as technology development becoming ever more complicated and expensive, that companies specialize ever further, or that product life cycles become shorter and shorter, are the effects of innovation through technology. Therefore, technology management and innovation management are usually tightly linked – and hence technology managers typically inherit a special challenge of innovation management: namely, how to control the uncontrollable.
