Upload
ratnarajub
View
226
Download
0
Embed Size (px)
Citation preview
8/13/2019 Wk 5 - Technological Innovation
1/24
BPT 3 3 Management of Technology
8/13/2019 Wk 5 - Technological Innovation
2/24
Introduction
Concept and Nature of Innovation
Types of Innovation
Sources of Innovation
Models of Innovation
Innovation Process
Influencing Factors
8/13/2019 Wk 5 - Technological Innovation
3/24
Explain the concept, components and characteristics
of innovation
Describe the models and sources of innovation
Know the stages in the innovation process
Identify the factors that contribute to successful
innovation
8/13/2019 Wk 5 - Technological Innovation
4/24
Managing technology involves continuous effort in creating
technology, developing novel products and services, and
successfully marketing them
It requires:
Great creativity
Investment in R&D
Labs Marketplace
Idea R & D Product
8/13/2019 Wk 5 - Technological Innovation
5/24
Invention is an idea for a novel product or process
Innovation is the introduction of new products, processes or
services into the market place
Technological innovation begins with invention a sub-set ofinnovation
The process of technological innovation is a complex set of
activities that transforms ideas and scientific knowledge into
physical reality and real-world applications - converts
knowledge into useful products and services that have
socioeconomic impact.
8/13/2019 Wk 5 - Technological Innovation
6/24
Characteristics of organizational innovation are as follows:
An innovation must be...
A tangible product, process or procedure within an
organizationNew to the social setting within which it is introduced
Intentional rather than accidental
A challenging change
Aimed at predicting benefit to the organization Public in its effects
8/13/2019 Wk 5 - Technological Innovation
7/24
Physical, Materialor Hardware
Computer Machinery
Functional orProcess
Mechanism
Software Process
Reengineering
KnowledgeComponent
Manual Operating
instruction
8/13/2019 Wk 5 - Technological Innovation
8/24
Competence Enhancing vs. Destroying Innovation
Architectural Innovation vs. Component Innovation
Technical vs. Social Innovation
Radical vs. Incremental
Product and Process Innovation
8/13/2019 Wk 5 - Technological Innovation
9/24
Competence Enhancing vs. Competence Destroying Competence enhancing innovation builds on existing knowledge and
skills Enhancing or destroying depends on whose perspective is being taken
DestroyingEnhancing
8/13/2019 Wk 5 - Technological Innovation
10/24
ArchitecturalInnovation that changes the overalldesign of a system / the way itscomponents interact with each
other
ComponentInnovation to one or more componentsthat does not significantly affect theoverall configuration of the system
8/13/2019 Wk 5 - Technological Innovation
11/24
Technical vs. Social Management, that is the useful knowledge that enables man for the
first time to render productive people of different skills and knowledge
working together in an organization
8/13/2019 Wk 5 - Technological Innovation
12/24
Create an essentiallydifferent kind of
product requirecustomers to radically
change their past
behavior
Make small-stepimprovements to theoriginal technology
and design
8/13/2019 Wk 5 - Technological Innovation
13/24
Product Innovations Improvements in existing products or creating entirely new products
Process Innovations
Involve changes in existing process or adopting a entirely new process
8/13/2019 Wk 5 - Technological Innovation
14/24
EconomicEnvironment
Socio-CulturalEnvironment Changes in
Demographics Changes in Perception Innovative Users
TechnologicalEnvironment New knowledge Convergence Publications Outside industries
8/13/2019 Wk 5 - Technological Innovation
15/24
Fundamental components of the model are the same but the nature ofthe business may dictate variations in implementation techniques.
8/13/2019 Wk 5 - Technological Innovation
16/24
Reveals the important role of entrepreneurship in connecting ideas to the
marketplace
The management role in the innovation chain emphasizes:
The need for stability and control at a certain phase of the innovation process
A formalized managerial structure tends to produce incremental and processinnovations more than radical innovations
Martin (1994) illustrate the technological innovation process as a chain
equation
8/13/2019 Wk 5 - Technological Innovation
17/24
Mills (1996) provided very simplified but interesting definitions for severalcomponents of the process of technological innovation known as minimalist
definitions.
Science : How things are.
Technology : How to do things.
Management: How to get things done.
Technology management : Doing things.
Entrepreneurship: Doing things to make money
Innovation : Doing entrepreneurship
8/13/2019 Wk 5 - Technological Innovation
18/24
8 Stages of Technological Innovation
8/13/2019 Wk 5 - Technological Innovation
19/24
1. Basic Research Increase our general understanding of the laws of nature
Generating knowledge over a long period of time
May or may not result in specific application
2. Applied Research Directed toward solving one or more of societys problems (specific
problems)
Eg.: research conducted to develop a drug for treating a known disease
3. Technology Development Human activity that converts knowledge and ideas into physical
hardware, software or service - prototype
4. Technology Implementation Set of activities associated with introducing a product into the
marketplacesuccess commercial introduction
8/13/2019 Wk 5 - Technological Innovation
20/24
5. Production / Manufacturing Set of activities associated with the widespread conversion of design
concepts or ideas into products and services production control,logistic
6. Marketing Set of activities that ensures that consumers embrace the technology
promotion, distribution strategy
7. Proliferation / Diffusion Strategy that ensure the widespread use of the technology and its
dominance in the marketplace Depends on methods of exploiting the technology
8. Technology enhancement Set of activities associated with maintaining a competitive edge for the
technology - increases the life cycle of the technology
8/13/2019 Wk 5 - Technological Innovation
21/24
Border crossings national and sectorial) Increasing of science-technology articles with international co-
authorship and also between academic and government
Emergence of complex technologies Fit to and cause from diverse demands, perspectives, approaches and
contexts
Age of knowledge and distributed intelligence, KDI Network of knowledge integration of knowledge from different
sources and domains across space and time
Learning and intelligent systems - exploring the human behavior incollaboration with machines
Computing challenges - exploit the numeric barrier
8/13/2019 Wk 5 - Technological Innovation
22/24
1. The presence of scientific knowledge technological change is dependenton scientific discoveries
2. The level of maturity of the underlying science a wide base of
knowledge enhances technological development
3. The type of technology and the phase of its life cycle innovation rate is
high for emerging and growing technology
4. The level of investment in technology technological development is
connected to the level of R&D funding
5. The level of political commitment the pace of innovation is sensitive to
high level policy decisions
6. The ability to borrow advances from related technologies advances in
communication technology are dependent on satellite components
7. The diffusion rate and patterns - a technology that is widely diffused in
the market may delay other technologies from entry
8/13/2019 Wk 5 - Technological Innovation
23/24
8. Recognition to Technology
9. Time to Market
10. Multiple-site continuous R&D
11. Improvements in Communication
12. The Push for Education13. Changes in Institutional Interactions
14. Changes in Organizational Structure
8/13/2019 Wk 5 - Technological Innovation
24/24
Technological innovation is a sub-set of innovation
Technological innovations may arise from sources within or
outside the organization
Innovation process has been viewed as a sequence of
separable stages
Two basic variations of innovation models are technology
push and market pull