Definitions & Commonly Used Terms

Nanotechnology is science, engineering, and know-how carried out at the nanoscale, which is about 1 to a hundred nanometers. An essential consideration behind this development is the thought that during the design phase applied sciences, and their social penalties, are nonetheless malleable whereas through the use phase applied sciences are kind of given and unfavourable social penalties could also be harder to avoid or positive effects more durable to attain.

Engineering is the purpose-oriented process of designing and making instruments and systems to exploit pure phenomena for practical human means, usually (however not at all times) using outcomes and techniques from science. Data expertise could be a tool or even a catalyst to the corporate’s growth and earnings, however it’s not often the principle business of a company.

It is about managing joint exploration and exploitation, where every individual has roles and tasks in collaboratively and cooperatively transferring ahead towards engaging in shared objectives ( Lindenberg and Foss, 2011 ). Expertise entrepreneurship is about investing in and executing the firms’ tasks, not just recognizing technology or market opportunities.

WeWork is a key example of how classifying a enterprise as a ‘tech firm’ opens it as much as new avenues of …