Innovations and

Challenges in the
Electronics Industry:
A Project
Identification

Reporter: Keerthi Prem R

M2 AEI Date: 12/07/23
CONTENTS 1. Introduction
2. Aim
3. Project Identification
4. Conclusion
5. Reference
Innovations and Challenges in the Electronics Industry: A Project Identification

Introduction
Introduction
• Introduction to the electronic industry and its significance in
today's world.
• The electronic industry is a dynamic and rapidly evolving
sector, driving innovation and shaping various industries.
• This presentation explores the critical aspects of project
identification and innovation in the electronic industry.
• We will delve into the process of identifying viable projects,
understanding market needs, and fostering innovation.
• By the end of this presentation, you will gain insights into
effective strategies and best practices for project
identification and innovation in the electronic industry.
Innovations and Challenges in the Electronics Industry: A Project Identification

AIM
Objective behind the research

GET START

First Quarter Second Quarter Third Quarter Fourth Quarter

Aim
Project
Identification

Technological Emerging Strategic

innovations Challenges decision
Trends
making
Innovations and Challenges in the Electronics Industry: A Project Identification

Project
Identification
 Project Identification
• Project identification is a crucial step in the success
of any venture in the electronics industry.
• We will be exploring the importance of project
identification and its impact on the industry.
Innovations and Challenges in the Electronics Industry: A Project Identification

Market Alignment:

Resource Optimization

Risk Mitigation:

Innovation and Differentiation:

Strategic Planning:
Market Alignment
• Proper project identification ensures alignment with
market demands and trends.
• Understanding customer needs and preferences helps in
developing products that cater to their requirements.
• Identifying market opportunities and gaps allows for
targeted product development, enhancing the chances of
success.
Resource Optimization:
• Project identification enables efficient utilization of
resources, including time, budget, and manpower.
• It helps in identifying projects that are feasible and
align with the available resources.
• Proper allocation of resources reduces wastage, enhances
productivity, and improves cost-effectiveness.
Risk Mitigation:
• Effective project identification involves assessing
potential risks and challenges.
• It allows for early identification of potential
roadblocks, enabling proactive risk mitigation
strategies.
• By anticipating and addressing risks, projects can be
better planned and executed, minimizing the chances of
failure.
Innovation and Differentiation:
• Project identification facilitates innovation by
identifying areas where new technologies and ideas can
be applied.
• It enables the development of unique and differentiated
products or solutions.
• Innovative projects have the potential to disrupt the
market, gain a competitive edge, and attract customers.
Strategic Planning:
• Project identification aids in strategic planning and
goal setting.
• It allows for aligning projects with the organization's
overall strategy and objectives.
• Strategic project identification ensures that projects
contribute to long-term growth and sustainability.
Innovations and Challenges in the Electronics Industry: A Project Identification
Conclusion:
• Project identification plays a vital role in the
electronics industry, offering numerous benefits such as
market alignment, resource optimization, risk mitigation,
innovation, and strategic planning.
• By prioritizing project identification, companies can
enhance their chances of success and stay ahead in a
highly competitive industry.
Innovations and Challenges in the Electronics Industry: A Project Identification
LITERATURE REVIEW
ARTICLE
A framework for project
management in the electronics
industry
The second machine age: Work,
progress, and prosperity in a
time of brilliant technologies.
W. W. Norton & Company.
Technological innovation in
electronic industry: A review.
International Journal of
Advanced Research in Computer
Science and Software
Engineering
YEAR AND AUTHOR
Bell, R., & Kozlowski, S.
(2002)
Brynjolfsson, E., & McAfee, A.
(2014)
Choudhary, A., Prakash, A., &
Kumar, A. (2015).
EXPLANATION
The paper by Bell and
Kozlowski (2002) presents a
framework for project
management specific to the
electronics industry.
Brynjolfsson and McAfee's book
"The Second Machine Age"
explores the impact of
advanced technologies on work,
progress, and prosperity in
the modern era.
The paper by Choudhary,
Prakash, and Kumar (2015)
provides a review of
technological innovation in
the electronic industry.
18
ARTICLE
Artificial intelligence: The
next digital frontier?
McKinsey Global Institute
The stage-gate® idea-to-launch Cooper, R. G. (2016)
process—update, what's new,
and NexGen systems. Journal of
Product Innovation Management,
Technology ventures: From idea Dorf, R. C., & Byers, T. H.
to enterprise. McGraw-Hill
Education
AUTHOR AND YEAR
Bughin, J., Hazan, E., &
Ramaswamy, S. (2017)
(2018)
EXPLANATION
The McKinsey Global Institute
report by Bughin, Hazan, and
Ramaswamy (2017) examines the
potential of artificial
intelligence as the next
frontier in the digital
landscape.
In Cooper's (2016) perspective
article, he discusses updates
and innovations in the Stage-
Gate® idea-to-launch process,
including the concept of
NexGen systems.
Dorf and Byers' book
"Technology Ventures: From
Idea to Enterprise" (2018)
explores the journey of
transforming technology ideas
into successful enterprises.
19
Reference:
• [1]Bell, R., & Kozlowski, S. (2002). A framework for project management in the electronics industry. IEEE Transactions on Engineering Management,
49(4), 424-437.
• [2]Brynjolfsson, E., & McAfee, A. (2014). The second machine age: Work, progress, and prosperity in a time of brilliant technologies. W. W.
Norton & Company.
• [3]Bughin, J., Hazan, E., & Ramaswamy, S. (2017). Artificial intelligence: The next digital frontier? McKinsey Global Institute.
• [4]Choudhary, A., Prakash, A., & Kumar, A. (2015). Technological innovation in electronic industry: A review. International Journal of Advanced
Research in Computer Science and Software Engineering, 5(11), 846-853.
• [5]Cooper, R. G. (2016). Perspective: The stage-gate® idea-to-launch process—update, what's new, and NexGen systems. Journal of Product
Innovation Management, 33(2), 133-147.
• [6]Dorf, R. C., & Byers, T. H. (2018). Technology ventures: From idea to enterprise. McGraw-Hill Education.
• [7]Gassmann, O., Frankenberger, K., & Csik, M. (2014). Exploring the unknown: How to build serendipity into innovation processes. International
Journal of Technology Management, 65(1-4), 30-49.
• [8]Grant, R. M. (2019). Contemporary strategy analysis: Text and cases edition. John Wiley & Sons.
• [9]ISO 21500:2012. (2012). Guidance on project management. International Organization for Standardization.
• [10]Kessler, E. H., Chakrabarti, A. K., & Stuebs, M. T. (2000). From experience: Linking projects to strategy. Long Range Planning, 33(3), 354-
370.
Thank You
Reporter:keerthipem.kp@gmail.com Date: 12/07/23