01 innovation & technology

8/7/2019 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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01 innovation & technology

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