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Monday - August 3, 2015

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.
- Preface

1828 Noah Webster Dictionary
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dispensation

DISPENSATION, n. [L. See Dispense.]

1. Distribution; the act of dealing out to different persons or places; as the dispensation of water indifferently to all parts of the earth.

2. The dealing of God to his creatures; the distribution of good and evil, natural or moral, in the divine government.

Neither are Gods methods or intentions different in his dispensations to each private man.

3. The granting of a license, or the license itself, to do what is forbidden by laws or canons, or to omit something which is commanded; that is, the dispensing with a law or canon, or the exemption of a particular person from the obligation to comply with its injunctions. The pope has power to dispense with the canons of the church, but has no right to grant dispensations to the injury of a third person.

A dispensation was obtained to enable Dr. Barrow to marry.

4. That which is dispensed or bestowed; a system of principles and rites enjoined; as the Mosaic dispensation; the gospel dispensation; including, the former the Levitical law and rites; the latter the scheme of redemption by Christ.













1828 Noah Webster Dictionary

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August 03, 2015
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"Monte from Montana" was born and raised near Glacier National Park. He is a strong, sober mind that likes to solve problems in order to help people. Following in his father's footsteps, he began teaching high school mathematics (BYU: mathematics with minors in Physics and Spanish). The excitement of the dot-com era led Monte to Monterey California where he became a Senior Software Engineer doing web-application development for an Internet Company. Following the bubble-burst, he returned to BYU (MBA: Marketing Research). Monte is concurrently working toward his Ph.D. in Marketing and a M.S. in Statistics at WSU in Pullman, Washington. Generally, he likes to identify innovative statistical techniques that can help solve marketing problems. Specifically, his interests are in Entrepreneurial Innovation, U.S. Patent Data, and Internet Consumer Behavior. Outside of Marketing, Monte enjoys his family, a good game of basketball, golf, and chess.
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.
An application of the Patent Rank Score will be used to validate the concept of economic development and firm value. Specifically, it will be shown that the Patent Rank Score will provide improved explanatory power over previous measures of radical innovation and firm performance. \citet{Mizik:2003} described the importance of strategic emphasis and value creation/appropriation on firm performance. In the analysis, firms were grouped into low-, stable-, and high- technology groups. In the first analysis, the firms are objectively grouped based on Patent Rank Scores. Further analysis will model firm performance based on stock returns and strategic emphasis \citep{Mizik:2003}. Mediation of innovation using Patent Rank Scores will also be considered.
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