Two opposing trends characterize the dilemma for radical innovation in the 21St century: the continued explosion of the science and technology base, and the necessarily short-term, profit-driven outlook of the technology sector. Responding to this dilemma, a team of researchers, since 2004, has been developing a methodology for accelerating radical innovation through the industrial technology life cycle. This paper asks what factors drag radical innovation out to the point where momentum and initiative are lost. It then describes the Accelerated Radical Innovation Methodology, which addresses the three grand challenge areas responsible for delaying radical innovation: technological/scientific, market/societal, and business/organizational. The methodology is supported by three sets of tools. The first is a systemic approach linking the innovation to underlying market and technological drivers, reframes the problem at higher levels, and develops explicit linkages to interdependent external systems. The second, an interacting triad of information technology tools to support information retrieval, pattern recognition, and knowledge management, helps the innovator manage the overwhelming amount of relevant information. The third consists of a systematic process for developing the communities of practice, clusters, and supply chains necessary to support the radical innovation process. The second and third tool sets are described in companion papers.
I. BACKGROUNDThere is little doubt that the 21St Century is increasingly a knowledge driven economy in which intellectual property is the dominant force providing the capital that will continue to drive worldwide economic growth. Fred Betz in his monograph on innovation [10] recognized that in contrast to times prior to 1600 dominated by tacit or empirical technology, the last four centuries have ushered in the era of "'scientific technology" as a basis for innovation and economic development. The advent of technologies of power in the 17th_19th Centuries was followed by the development of technologies of thinking in the 20th Century. In the 21St Century, complex technology systems based on linking various combinations of these technologies provide the frontier for innovation and economic development in products, processes and services. Prior to the 20th Century, fundamental understandings of innovation and economic development were limited primarily to classical economics that did not include technology as a key factor. The contributions of Kondratieff [50] and Schumpeter [82] set in motion the study in many disciplines of the impact of technological innovation as a function of time on economic development in the form of technology and industry life cycles. This logically resulted in studies of numerous models of innovation diffusion, Rogers [78], and their application to describe the time dependence of innovation activity across the industrial technology life cycles [3, 5, 6, 34, 41, 48, 55, 56, 62, 63, 69] that make up the five classical industrial revolutions, Perez [69...