Abstract

Modern technological development of the modern society has been evaluated by the number of patents, commercialization and economic gains of technological innovations. Hence, the success of inventors has been purely measured by the objective measures of the invention process outcomes. Even though, this approach agreed with elite organizational inventors, independent inventors of a society are more humanitarian than the organizational inventors. Hence, the pure objective outcome measures were unable to address the question of why independent inventors continue in inventive activities even they are not objectively successful. Previous studies on the independent inventors has not focused on the social and psychological factors. Hence, the understanding of the subjective outcomes of inventive activities have remained unexplained. Along with the traditional objective outcome measures, the present study explains the inventive career satisfaction and sense of inventive community as two subjective outcomes of the inventive activities of independent inventors in Sri Lanka. It explores how the objective outcomes and subjective outcomes of the inventive life relates to the ultimate global happiness and satisfaction of the life of the independent inventors.DOI: http://dx.doi.org/10.4038/kjm.v1i1.6444 Kelaniya Journal of Management Vol.1(1) 2012:1-25

Highlights

  • Success is the ultimate aim of every human endeavor

  • According to the figure number of successful inventors at the patenting and commercializing stages is higher than the inventors those who had not succeeded at those stages

  • This paper aims to contribute to the knowledge of technology in society by exploring how the extrinsic and intrinsic outcomes of inventive life have influenced on the subjective success of the independent inventors in Sri Lanka

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Summary

Introduction

Success is the ultimate aim of every human endeavor. Everyone in the society wants to achieve success, but the success is a different thing for different people.Kelaniya Journal of Management - Volume: 01 Number: 01the success is a complicated but essential concept that explains the human behavior. In technological innovation industry there are ultimate desires to achieve successful inventions and innovations. Recent patent and commercial success of the independent inventors in industrial countries has been very modest (Invention Statistics, 2009). These independent inventors were unable to compete with the growing business interest of inventions and often have recognized as leisure time hobby inventors who were not successful in modernized inventive activities. In a society that recognized the commercial success as the ultimate interest of the technological inventors, it is rational to expect independent inventors not to be involved in inventive activities when seen the 90 percent failure rate in front of them. Even today there are high proportions of independent patent applications in the industrial societies (IFIA, 2006)

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