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Managing Technology and Innovation

Managing Technology and Innovation. Chapter Seventeen. Technology and Innovation. Technology The systematic application of scientific knowledge to a new product, process, or service. Technology and Innovation. Innovation

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Managing Technology and Innovation

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  1. Managing Technologyand Innovation Chapter Seventeen

  2. Technology and Innovation • Technology • The systematic application of scientific knowledge to a new product, process, or service.

  3. Technology and Innovation • Innovation • A change in method or technology; a positive, useful departure from previous ways of doing things.

  4. The Technology Life Cycle Figure 17.1

  5. Technology Dissemination Pattern and Adopter Categories Figure 17.2

  6. Advantages and Disadvantages ofTechnology Leadership Table 17.1

  7. Dynamic Forces of a Technology’s Competitive Impact Figure 17.3

  8. Measuring Current Technologies • Emerging technologies are still under development and thus are unproved • Pacing technologies have yet to prove their full value but have the potential to alter the rules of competition by providing significant advantage

  9. Measuring Current Technologies • Key technologies have proved effective, but they also provide a strategic advantage because not everyone uses them • Base technologies are those that are commonplace in the industry; everyone must have them to be able to operate

  10. Assessing External Technological Trends • Benchmarking • the process of comparing the organization’s practices and technologies with those of other companies

  11. Assessing External Technological Trends • Scanning • focuses on what can be done and what is being developed • places greater emphasis on identifying and monitoring the sources of new technologies for an industry

  12. Framing Decisions aboutTechnological Innovation Table 17.2

  13. Sourcing and Acquiring New Technologies • Make-or-buy decision • The question an organization asks itself about whether to acquire new technology from an outside source or develop it itself.

  14. Technology Acquisition Options Figure 17.4

  15. Compensation Practices in Traditional and Advanced Manufacturing Firms Table 17.4

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