Taking Technical Risks provides a unique description of the many scientific and technical risks new companies face, the challenges that exist, and how they can be managed. The book is excellent reading for anyone interested in the process of bringing technology from the lab to the marketplace.(Robert S. Langer, Germeshausen Professor of Chemical and Biomedical Engineering, MIT, Recipient of the Lemelson-MIT Prize for invention and innovation, and holder of 350 patents)
Taking Technical Risks breaks new ground in helping us understand the systematic issues in capitalizing on radical innovation. By focussing on the elusive boundary between invention and innovation the book reveals not only the technical but alos the cultural and institutional barriers that must be surmounted. I highly recommend this insighful, authorative, and encompassing book.(John Seely Brown, Former Director of Xerox PARC and Coautho of The Social Life of Information)
"An intelligently conceived, informative book. Examples are carefully chosen, and the precepts are thoroughly outlined." Financial Executive
This is a timely study on a key topic that is poorly understood but central to understanding the U.S. innovation system. The book's analysis hihglights the need for concerted efforts to improve policy makers' appreciation of the innovation process and the government's contribution to it. It should be particularly useful to members of the new administration.(Charles W. Wessner, Director of Project on Technology and Competitiveness, National Research Council; former Director, International Technology Policy, U.S. Department of Comerce)
There is plenty of insight, empirical evidence,a dn food for thought to make this highly worthwhile reading for policy makers, corporate leaders, and academicsians. They will learn that serious needs remain for further innovation in the nature of their own organizations.(Charles M. Vest, President, MIT) --This text refers to the Paperback edition.
About the Author
Philip Auerswald is Director of the Center for Science and Technology Policy and an Assistant Professor at the School of Public Policy at George Mason University. He is co-editor of Innovations: Technology | Governance | Globalization and author or co-author of numerous books, reports, and research papers, including Taking Technical Risk: How Innovators, Executives, and Investors Manage High-Tech Risks (MIT Press, 2001) and Seeds of Disaster, Roots of Response: How Private Action Can Reduce Public Vulnerability.