Technology diffusion: predicting firm longevity via exogenous/endogenous rates of technology change

Authors:
Jerry M. Couretas;Mehmet E. Ucal
Affiliations:
Lockheed Martin Corporation, Corporate Engineering & Technology, Technology Transition, Fairfax, VA;Lockheed Martin Corporation, Corporate Engineering & Technology, Technology Transition, Fairfax, VA
Venue:
Proceedings of the 2011 Summer Computer Simulation Conference
Year:
2011

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Abstract

Technology insertion, composed of the best practices and capital that make up a firm, has been an intangible part of strategy until now. This paper presents a diffusion equation to represent both exogenous and endogenous technology change to provide a closed form, predictive equation, for the longevity of the firm's present operational state.