Module2 Innov critical

Slide 1: 

The Process Of Technological Innovation

Stages of Technological Innovation : 

Stages of Technological Innovation 1. Basic Research 2. Applied Research 3. Technological Development 4. Technology Implementation 5. Production 6. Marketing 7. Proliferation 8. Technology Enhancement

Innovations Drive Competitiveness : 

Innovations Drive Competitiveness Three dimensions around which developments take place in a commercial entity : Product: new or modified, Market: new or existing, Technology: new or existing Each change in one or more of the three dimensions will be an innovation

The Process of Technological Innovation : 

The Process of Technological Innovation IDEA GENERATION Recognition of Need Alternative ways to meet the need Analysis of alternative solutions Selection of best solution & criteria for selection Proposal for implementation CONCEPT DEFINITION Conceptual definition of product or service Setting technical goals and priorities Setting expected performance MARKET ANALYSIS Defining the market Analysis of current and future needs Know the customers Know the competitors Window of opportunity BUSINESS PLAN SWOT Economic analysis Capital Strategic outlook TECHNICAL ANALYSIS Resources required Resources available Time frame for development DISPOSAL Environmental consciousness FULL PRODUCTION AND COMMERCIALIZATION Production Tooling Operation Control Supply organization Logistics TEST MKT Strategy for market introduction Marketing Innovations Timing Measuring response Approval by top management DEVELOPMENT Prototype Testing Start-up needs

The Innovation Chain Equation : 

The Innovation Chain Equation Scientific Invention Engineering Development Supportive Environment Recognized Social Need Entrepre- neurship Management + + + + + Commercially Successful Innovation =

Mills’ Minimalist Definitions : 

Mills’ Minimalist Definitions Science: How things are Technology: How to do things Management: How to get to things done Technology Management: Doing things Entrepreneurship: Doing things to make money Innovation: Doing entrepreneurship

The Value Chain and Technology : 

The Value Chain and Technology M A R G I N A c t i v i t i e s Acknowledgement - UNIDO: Guidelines for the Formulation of Technology Strategies for Hi-tech Companies

Xerography-50 Years of Technological Innovation : 

Xerography-50 Years of Technological Innovation Invention: The creation of Xerography (1870’s) Technology: Development of Xerography (1944) Innovation: The Marketing of Xerography (1949) Science: The Improvement of Xerography (1960’s & 1970’s) Evolution: The Extension of Xerography (1970’s & 1980’s)

A Model for Technological Innovation in Biomedical Devices : 

A Model for Technological Innovation in Biomedical Devices Generation of ideas Testing the feasibility of ideas Product Design, Prototype Development, and Testing - Technology - Quality - Cost - Cost-Function Relationship - Simplicity and ease of use - Expandability

A Model for Technological Innovation in Biomedical Devices : 

Design of the Manufacturing Process Federal Regulatory Requirements Production Marketing of the Innovation - Market analysis - Market segmentation - Pricing - Distribution - Promotion A Model for Technological Innovation in Biomedical Devices

An Overall Model for Technological Innovation in Biomedical Devices : 

An Overall Model for Technological Innovation in Biomedical Devices Testing the Feasibility of Ideas Generation of Ideas Federal regulatory approval and patenting Production Marketing Customer Design the manufacturing process Product design prototype development & testing

Key Trends : 

Key Trends Emergence of major new fields Biotechnology IT & Communication technology New Materials Micro machines / nano technologies Integration and blurred boundaries Integration within activities Integration between activities Integration between processes Integration between organisations

Key Trends (contd.) : 

Key Trends (contd.) New organisational concepts Cellular organisation Lean Manufacturing Increasing rates of change in technologies and products expenditure on R&D linkages and alliances to coop with complexity Parallel rather than sequential development

Technology Mapping : 

Technology Mapping Basic / Generic Technologies, Proprietary Technologies, Pacing Technologies and Emerging Technologies

Tools and mechanisms for effective learning of technology management : 

Tools and mechanisms for effective learning of technology management Ack:- Learning Cycle (Kolb & Fry)

Slide 16: 

Key Factors of Change

Slide 17: 

R&D labs & Institutions Technology Innovation Industry-Institution Linkages

Critical Trajectories Impacting Innovation Process : 

Critical Trajectories Impacting Innovation Process Module-2

Innovation and Creative Transformation in the Knowledge Age: Critical Trajectories : 

Innovation and Creative Transformation in the Knowledge Age: Critical Trajectories The Innovation/Wealth Creation Process Industrial innovation responsible for 40% of productivity gain in US n past 50 years Old model of innovation as a linear path process is increasingly being challenged Innovation is a concurrent, interactive, and nonlinear activity Critical element in innovation process is scientific inquiry

Innovation and Creative Transformation in the Knowledge Age: Critical Trajectories : 

Innovation and Creative Transformation in the Knowledge Age: Critical Trajectories Innovation Wealth Creation Sustainable Development Science Policy Content Engineering Economic Context INNOVATION-CONCURRENT INTEGRATION Analysis Reduction Discovery of New Knowledge & Basic Laws Societal Needs The Public Good Natural Capital Devices Processes Systems Ideas Information Capital Formation & Investment Design Manufacture Maintenance Synthesis Integration

Innovation and Creative Transformation in the Knowledge Age: Critical Trajectories : 

Three Critical Trajectories Impacting the Innovation Process 1. Border Crossing (National and Sectorial): refers to the growth in both scale and importance of cooperative approaches to scientific and technological research 2. Emergence of Complex Technologies: changing nature of products & processes demanded by global marketplace Innovation and Creative Transformation in the Knowledge Age: Critical Trajectories

Innovation and Creative Transformation in the Knowledge Age: Critical Trajectories : 

Three Critical Trajectories Impacting the Innovation Process 3. Age of Knowledge & Distributed Intelligence (KDI): impact of advanced information technologies on society KDI falls into 3 basic categories - Knowledge Networks - New Challenges for Computation - Learning and Intelligent Systems Innovation and Creative Transformation in the Knowledge Age: Critical Trajectories

Innovation and Creative Transformation in the Knowledge Age: Critical Trajectories : 

Creative Transformations How do organizations create, develop, & implement new technologies, processes, and structures? How do organizations come to understand the need for innovation and change? How can products and processes be most effectively designed to meet customer needs? Innovation and Creative Transformation in the Knowledge Age: Critical Trajectories

Innovation and Creative Transformation in the Knowledge Age: Critical Trajectories : 

Creative Transformations How does the technological change affect organizational change? How do transformations affect performance? Innovation and Creative Transformation in the Knowledge Age: Critical Trajectories

Generation of Ideas : 

Generation of Ideas Intrapreneurs R&D Departments Physicians Researchers Entrepreneurs Healthcare Professionals Biomedical Engineers Patents Marketing & Sales TECHNOLOGY PUSH MARKET PULL Generation of Ideas Biomedical Industry University & Research Labs Healthcare Sector Biomedical Industry

Feasibility of Ideas : 

Feasibility of Ideas FEASIBILITY OF IDEAS MANUFACTURING REQUIREMENTS PROFESSIONAL ADVICE MARKET POTENTIAL CAPITAL Industrial Alliances Government Programs Universities & Research Labs Funding Agencies Venture Capital

Product Design, Development, and Testing : 

Product Design, Development, and Testing Product Design, Prototype Development, and Testing Cost Cost/Function Expandability Quality Technology Simplicity and Ease of Use

Entrepreneurship : 

Entrepreneurship Qualities Vision Courage Initiative Commitment Persistence Independent Thinking Drive to Succeed Ambition