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Friday - May 25, 2012

In my view, the Christian religion is the most important and one of the first things in which all children, under a free government ought to be instructed.. .No truth is more evident to my mind than that the Christian religion must be the basis of any government intended to secure the rights and privileges of a free people.
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1828 Noah Webster Dictionary

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In celebration of Noah Webster's Birthday (October 16, 2009), we have prepared an updated website.
Please update your bookmarks: http://www.1828-dictionary.com/d/word/bat

bat

BAT, n.

1. A heavy stick or club; a piece of wood with one end thicker or broader than the other.

2. Bat or bate, a small copper coin of Germany, with a small mixture of silver, worth four crutzers. Also a coin of Switzerland, worth five livres.

3. A term given by miners to shale or bituminous shale.

BAT, v.i. To manage a bat, or play with one.

BAT, n. [I have not found this word in any European language, except in English.]

A race of quadrupeds, technically called Vespertilio, of the order primates, in Linne's system. The fore feet have the toes connected by a membrane, expanded into a kind of wings, by means of which the animals fly. The species are numerous. Of these, the vampire or Ternate bat inhabits Africa and the Oriental Isles. These animals fly in flocks from isle to isle, obscuring the sun by their numbers. Their wings when extended measure five or six feet. They live on fruits; but are said sometimes to draw blood from persons when asleep. The bats of the northern latitudes are small; they are viviparous and suckle their young. Their skin resembles that of a mouse. They enter houses in pleasant summer evenings, feed upon moths, flies, flesh, and oily substances, and are torpid during the winter.

1828 Noah Webster Dictionary

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News: characteristic

May 25, 2012
[12:04:51 AM] (PDT)

Diffusion of Radical Innovation: Assessing and Estimating Value of Innovations

Assessing a firm's innovation portfolio is a challenge? Even more difficult is estimating its future value? This paper applies the principles of the Bass model of diffusion of innovation \citep{Bass:1969} to the estimation of forward citations, ``class-match" dampened forward citations, and the newly introduced Patent Rank Scores. The cumulative diffusion will be modeled using a generalized logistic function known as the Richards' curve \citep{Richards:1959}. To estimate the parameters of the the model, the Newton-Raphson method is used. Over 22,000 randomly selected patents from 1976--2008 will be individually modeled, and diffusion patterns will be classified based on the parameters of the model. Valuation of innovation can be objectively assessed, and future valuation can be predicted based on each innovation's specific diffusion pattern.

Monte J. Shaffer

Innovation is a key driver of entrepreneurial activity. Innovation from an entrepreneurial perspective is conceptually defined using the complementary views of Austrian economists Kirzner and Schumpeter. Incremental innovation is defined as entrepreneurial activity from Kirzner's perspective -- exploitation of awareness of market disequilibrium which appropriates value: market-sensing, customer-linking. Radical innovation is defined as entrepreneurial activity from Schumpeter's perspective -- exploration as a market-disequilibrium "creative destruction" which creates value: market-making, customer-driving. From a firm's perspective, innovation research in marketing addresses three fundamental questions: What is an innovation? What innovations are most valuable to a firm? How do innovations influence the competitive marketplace? From an entreprenuerial perspective, I address these fundamental questions.

Entrepreneurial Innovation

My interests in marketing strategy are related to entrepreneurs, entrepreneurial startups, and their perceptions. Specifically, how do they make sense of the information they perceive in the market place and how do these perceptions influence their marketing strategies for their entrepreneurial ideas.

0.1526210308075|May 25, 2012 => 12:54 pm