Chapter 1 An Introduction to Management of Technology M .A. Akkas, Professor, Department of Management Studies, University of Dhaka. 1. 1. Introduction We live in a man-made technological world. Technology has played the basic role of an instrument for transforming the primitive and natural world into a technological and man -made world. Technology determines the standard of living of people of a given country. It is technology that makes basic difference between
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Definition of innovation. The term "innovation" comes from the Latin «novatio» -"renewal" or "change", and «in» - "in line, into". If translated literally, «Innovatio» means «in the direction of change". The concept of innovation has a lot of classical definitions. One of them is – innovation is a process of intentional change made to create value by meeting opportunity and seeking advantage (Dr. Bruton A. (2012). Creativity, Innovation and Entrepreneurship. Retrieved October 7, 2012 from http://resources
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but this does not mean that no innovation is being done in India. If product for end users is the visible tip of innovation iceberg, India is well represented in the large submerged portion of the innovation iceberg. Invisible innovation can be categorized as below:- Innovation for Business customers:- In the last 2 decades, 750 R&D centres have been set up by the multinational corporations which have served as a major source of innovation. Outsourcing Innovation to Indian companies:- Many global
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In sure failures category, companies make few changes on their products but customers have to change their behaviors significantly. Maybe, the features and quality of product are not changed greatly but the customers cannot use the new product as easy as before so they have to change their behaviors dramatically. To give an example about this category, in past years, all types of cars were produced as manual gearbox. First automatic gearbox cars were produced in 1958. When we look at the changing
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LEADERSHIP FOR INNOVATION LEADERSHIP FOR INNOVATION How to organize team creativity and harvest ideas JOHN ADAIR London and Philadelphia Publisher’s note Every possible effort has been made to ensure that the information contained in this book is accurate at the time of going to press, and the publishers and author cannot accept responsibility for any errors or omissions, however caused. No responsibility for loss or damage occasioned to any person acting, or refraining from
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Collaboration vs. Competition: The Effect of Culture on Innovation Kenneth Davis August 8, 2014 MBA 622 Creativity and Innovation in Business Professor Cindy Atchley Collaboration vs. Competition: The Effect of Culture on Innovation Microsoft, the most dominate software company of the 1990’s, has slowly been eclipsed by companies like Apple and Google. How? What is it that Apple and Google do as businesses that have made them more valuable to both investors and global markets? “Until
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ENTREPRENEURSHIP AND INNOVATION HAS TO BE SUSTAINABLE Economic development is separate to entrepreneurship and innovation as it is usually the result of both products together. It refers to changes in living standards or welfare over time. Entrepreneurship and innovation are interlinked and if one of them is achieved, the other must also be. Entrepreneurship is defined as one who introduces “the carrying out of new combinations,” (Schumpeter, 1934, p.74) whereas, innovation is the introduction
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introduced the different types of innovations, namely incremental innovation, modular innovation, architectural innovation and radical innovation. Categorization of each product is determined by its degree of change in either component knowledge or architecture knowledge, or both. Each innovation cannot be entirely classified into a particular category; it depends on the more domineering change. In this report, it is assumed that firms aim to maximize profit from innovation and it aims to evaluate the
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and difficult process. There is an undeniable resistance to change the former way to the new and evolving way of doing business. As businesses continue to expand in the global markets, it will require a strong leadership commitment to change the vision of what the goal of change will be in order to sustain continuous innovation. In the excerpt of Vineet Nayar’s, “Recasting the Role of CEO: Transferring the Responsibility for Change. How Leaders Tap the Creative Energy of Employees”, it demonstrates
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a dive, the jeopardy of losing its long-term popular place in the snack market and lack of innovation or creativity. Best Snacks has the opportunity to incorporate a cultural change program designed to increase employees’ creative thinking skills in which would enhance creativity and innovation. By doing this, Best Snacks would open up new realm of strategies in organizational theory, design and change. The issues and opportunities that Best Snacks are faced with are explained in Table 1.
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