Examlex
Several tools can be used to capture underlying dimensions of social change.When Google announced the development of new software that consumers could download to their mobile phones and receive free turn-by-turn directions,investors fled traditional global positioning system (GPS) makers like TomTom and Garmin.Within hours after Google's announcement, Garmin's shares had dropped by 17 percent and TomTom's by 21 percent.This is an example of ________.
Patent Protection
A legal right granted by the government to an inventor granting them exclusive rights to use, sell, and manufacture an invention for a certain period of time.
Going Local
Refers to the preference for local products, services, and experiences over those that are global or imported.
Innovator's Imperative
The necessity for innovators to continually seek out and implement new ideas, solutions, or technologies to stay competitive and relevant.
New Knowledge
Information or insights that have been recently discovered or understood, contributing to the body of understanding in a field.
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