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The Typical S-Curve Pattern of Innovation Indicates That Both Early

question 14

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The typical S-curve pattern of innovation indicates that both early and late in the technology cycle, increased effort (i.e., money, research and development) brings only small improvements in technological performance.


Definitions:

Activation Energy

The minimum energy required to initiate a chemical reaction.

Free Energy

A thermodynamic quantity that indicates the amount of energy in a system that is available to do work at a constant temperature and pressure.

Entropy

A measure of disorder or randomness in a system, often associated with the second law of thermodynamics.

Enthalpy

A thermodynamic quantity equivalent to the total heat content of a system, often used in the study of heat transfer in chemical reactions.

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