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Sunday - May 27, 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/moderate

moderate

MOD'ERATE, a. [L. moderatus, from moderor, to limit, from modus, a limit.]

1. Literally, limited; restrained; hence, temperate; observing reasonable bounds in indulgence; as moderate in eating or drinking, or in other gratifications.

2. Limited in quantity; not excessive or expensive. He keeps a moderate table.

3. Restrained in passion, ardor or temper; not violent; as moderate men of both parties.

4. Not extreme in opinion; as a moderate Calvinist or Lutheran.

5. Placed between extremes; holding the mean or middle place; as reformation of a moderate kind.

6. Temperate; not extreme, violent or rigorous; as moderate weather; a moderate winter; moderate heat; a moderate breeze of wind.

7. Of a middle rate; as men of moderate abilities.

8. Not swift; as a moderate walk.

MOD'ERATE, v.t. To restrain from excess of any kind; to reduce from a state of violence; to lessen; to allay; to repress; as, to moderate rage, action, desires, &c.; to moderate heat or wind.

1. To temper; to make temperate; to qualify.

By its astringent quality, it moderates the relaxing quality of warm water.

MOD'ERATE, v.i. To become less violent, severe, rigorous or intense. The cold or winter usually moderates in March; the heat of summer moderates in September.














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May 27, 2012
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Monte J. Shaffer is a fourth-year Ph.D. student and job market candidate (2011) in the Department of Marketing at Washington State University. Monte is currently working on his marketing dissertation in Entrepreneurial Innovations. Prior to joining Washington State University, Monte received a Bachelor in Mathematics / MBA in Marketing from Brigham Young University (BYU) in Provo, UT.
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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