Thomas Alva Edison
- American inventor and businessman.
- Bio -
(February 11, 1847 – October 18, 1931 (84 old))
(born) Milan, Ohio,
(grew up) Port Huron, Michigan.
He was expelled from the entrance to elementary school in just three months.
after, He was taught basic study by his mother who was an elementary school teacher.
in 1876, Edison's major innovation was the first industrial research lab, which was built in "Menlo Park".
- What Is Edison's invented -
Stock ticker (His first successful works)
phonograph
Carbon telephone transmitter
Incandescent light bulb
Electric lighting
electrical power
record player
mechanical vote recorder
battery
And more ….
(He made a invention of about 1,300 in a lifetime.)
- maturation of ideas on the economy -
His two main contributions are one in regulation and one in the monetary field. The first in the field of antitrust (competition law but not abusing), a company of any size should be permitted if they are for the common good, and so respect the law, also contended that the impact of the law would be a production of lower quality.
The second contribution was the development of an unprecedented economic system, developed by Henry Ford, who planned to change the currency in wheat, cotton, tobacco, that 'the work of the population. This system would allow us to outperform the market for government securities and the resulting speculation, with the known effects.
- Implementation and achievement of His Bussiness-
1, Intellectual property
- Edison owns patents his invention, the expansion of his business to the core (intellectual property) patent.
He Created of new business models. and, Edison has invented a invention factory.
2, System
He was devoted to power business over the 30s to 40s years old.
Not just individual technologies, such as incandescent lamps and generators that the subject of the present, he spread the system of power network.
It is the originality of Edison.
3, Opening up new markets
phonograph is good example.
Initially, the phonograph was thinking as a tool for saving the conversation, such as dictation.
But, it had exited from the market of dictation machine from reliability problems.
Then remove the recording feature, they started production and sales of the device only playback function.
This has become for playback tools & medium.
That is, It has created a new business and market production of the record.