01 innovation & technology
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Presented By:
Shilpi
Amitesh
Sumit
1BITS Pilani
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It is a change in thethought process fordoing something, orthe useful applicationof new discoveries.
It may refer to
incremental orrevolutionary changesin thinking, products,processes ororganization
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INNOVATIONINNOVATION
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Goal of innovation isto bring positivechange or makesomething betteraround us
It is important inthe study ofbusiness,
technological design& leads to increasedproductivity
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Innovation management is required to analyseboth the internal & external factors that drivesinnovation.
Internal Factors:
1. R&D
2. Market Research
3. Teamwork
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xternal Factors:
1. Global changes
2. Competitors
3. Technological advancements
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Innovation
management is the
discipline of managing
processes throughinnovation.
It can be used to
develop both product
and organizational
innovation.
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Invention Innovation Created Implemented
Ethernet Local Area
Networks
Metcalfe, Xerox
PARC
3COM
Graphical Userinterfaces Windowing StanfordResearch
Institute
Apple
Hyperlinks Internet browser Tim Berners-Lee,
CERN
Netscape
Relational Model
of Data
Databases E.F. Codd, IBM Oracle
Transistor Integrated
circuits
Shockely et al.,
Bell Labs
Intel
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Technology Management is defined as the
integrated planning, design and operation of
products, processes and services.
It studies four phases of a technology life
cycle - emerging, growth, mature and aging.
These technologies are coupled together to
give shape to an innovation or a newTechnology.
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Growth
Emerging
Mature Aging
TIME
INNOVATION
S
T
A
G
E
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Perform an analysis of technologys impact on task,
people and work organization.
Assess the feasibility of technology
Screen the technology for relevance andappropriateness
Arrange training for the workforce on commissioning,
calibrating and maintenance of technology
Demonstrate the value of technology in social and
economic terms through a pilot project
Modify features or function of technology as per the
problem experienced
Implementation of new technology
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Technological change is a combination of two activities -invention and innovation.
The practice of technology management and thedevelopment of technology strategy require anunderstanding of the different formsofinnovation.
1. Incrementalinnovations- Improving existing functionalcapabilities of technology.
2. RadicalinnovationsIdeas that have impact on or causesignificant change in whole industry.
3. Systeminnovations Ideas that require severalresources and many labour-year to accomplish. e.g. Communication network and satellite operation
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Reduced costs of operations
New product and new market creation
Adaptation to changes in scale and format
Improved customer service
Reorganized administrative operations
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Queries Please..!!
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