Automotive Innovation Model and the Supply Chain: PACE Awards
Introduction
What lies behind technical change in the auto industry during the past 25 years? One approach is to look to new materials, computer-based engineering, and the availability of sensors and processing chips as key. Certainly these are enablers, but does innovation in the industry merely drive down a path opened up by such advances? Alternatively necessity is the mother of invention. After all it is costly, apropos of Thomas Edison’s comment that 99 percent of his work represented perspiration, and only a small portion inspiration. From that perspective, technology responds to perceived market opportunities. This can include “technology-forcing” regulation, and not ...
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