Technology & Innovation

Management

Presented By
Dr. SURAJ KUMAR MUKTI
Assistant Professor, NIT Raipur
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 CONTENTS
Introduction to innovation
Innovation management tasks
Innovation & organizations
Innovation & strategies
Innovation, people & creativity
Technology forecasting methods

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 WHY THIS TOPIC?
Engineers source of researches and inventions.

Engineers and management.

Lack of innovation in our region.

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 INNOVATION
Innovation = Invention + Exploitation
(Must be implemented and be useful)

Something new or improved

Perceived to be new (Intel Inside)

Away from routines

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 INNOVATION DEFINITION

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 INNOVATION Contd…

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 INNOVATION DIMENSIONS
Low innovation degree High innovation degree
for producers/modified for producers/modified
technology technology

Low innovation degree Improvement/ Technology-oriented

for users/modified incremental innovation innovation/ means-
benefit for user oriented innovation

High innovation degree Application oriented Radical innovation

for users/modified innovation/purpose-
benefit for user oriented innovation

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 INNOVATION DIMENSIONS

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 INNOVATION MANAGEMENT

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 INNOVATION MANAGEMENT

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 INNOVATION BALANCE

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 INNOVATION CORE QUESTIONS
What is new?

New for whom?

Where does the innovation start or end?

Is novelty equal to success?

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 SOURCES OF INNOVATION
INTERNAL EXTERNAL
R&D Customers

Patents Traders

Production Universities and public researches

Marketing research Suppliers

Technical services Competitors

Employees Consultants

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 RESULTS AND PERSPECTIVE

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 WHY SHOULD A COMPANY BE
INNOVATIVE
Competitive advantage

Consumer behaviour is changing

Products short life cycle

Technology change and new product

New customers/markets
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 WHY COMPANIES ARE NOT
INNOVATING
No awareness of innovation
High costs of innovation
Employees fear of innovation and failure
Monopoly position
Innovation needs long-term process
Strategic decision to wait and observe
No incentives for innovation
The cash cow exists
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 ORGANIZATIONS

“An organization that is designed to do something well

for millionth time is not good ad doing something for
the first time”. Therefore, organizations that wants to
innovate ….. Need two organizations, an operating and
an innovating organizations.
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 INNOVATION & STRUCTURE
Project and organization structure

Centralized/ decentralized

Close to market – fast reaction

Degree of specialization
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 INNOVATION PROMOTERS
Innovation champion (Not always true)

Know how promoter (barrier of capability)

Power promoter (barrier of will)

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 CREATIVITY

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 TECHNOLOGY FORECASTING
Scanning, monitoring and analyzing

Portfolio approach

Patent analysis

Scenario development & road mapping

Delphi-technique

Technology S-curve
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 S-CURVE

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 WHERE TO BE USED
Innovation manager

Product management product life cycle

Product & tech portfolio management

Change management (merge, new department)

Technology licensing

Strategy planning
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 THANK YOU

ANY
QUERRIES???
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