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Strategic Management of Technology and Innovation

Strategic Management of Technology and Innovation

  • Class 20
  • Practice 10
  • Independent work 90
Total 120

Course title

Strategic Management of Technology and Innovation

Lecture type

Obligatory

ECTS

4

Lecturers and Associates

The course aims

Introduce students to internal perspective that covers topics in technological and strategic management with a focus on technology management issues and external perspective based on strategic implications of competitions in technologically advanced industries. Develop knowledge and skills necessary for information management from the earliest stages until the introduction of products or services on the market and strategic positioning of the company within the industry based on its innovative portfolio.

Content

Lecture topics: L1: Creating, maintaining and delivering value through technological strategy. L2: Technological innovation models. L3: Integration of technological and business strategy. L4: Technological pioneers. L5: Strategic decision-making on technological investments. L6: Sustainable technologies vs. disruptive technologies. L7: Entrepreneurial imperatives of strategic leadership. L8: Strategic planning in uncertain environments. L9: Human resources in highly technological environment. L10: Evaluation of innovative abilities of the company. L11: Management of corporate RandD function. L12: Generating ideas (exercise). L13: Commercialization of ideas. L14: Development of technological competences and competitive advantages. L15: Technological leadership vs. followership in competitive strategy. L16: Institutionalization of innovation. L17: Attracting and retaining corporate entrepreneurs. L18: Technology transfer from research to development. L19: Power of integration of products. L20: Development of a learning organization. Topics for seminar classes: S1: Creating value: technological, market and organizational perspective. S2: Integration of technology and strategy. S3: Design and implementation of technological strategy. S4: Design of reward system. S5: Overcoming resistance to change. S6: Using organizational culture in promotion of innovation. S7: Lifecycles of industry and market evolution. S8: Managing growth. S9: Creating value from knowledge. S10: Defining strategic direction of the organization. S11: Managing intellectual property in research projects. S12: From innovation to market – key steps. S13: Productive vs. process innovation. S14: Innovation and competitiveness. S15: Choosing innovation projects. S16: Financing innovation development. S17: Collaboration strategies and protection of innovation. S18: Managing new product development process. S19: Managing new product development team. S20: Value delivery: organizational dynamics and relationships between companies.

Literature

Schilling, M. A. (2013): Strategic management of technological innovation (4th edition), McGraw-Hill, New York.
Strategy Reading: Technology Strategy (HBS 8127-HCC-ENG, Harvard Business School Publishing)

Supplementary literature

Burgelman, R. A., Christensen, C. M. i Wheelwright, S. C. (2009): Strategic Management of Technology and Innovation (5th edition). McGraw-Hill Irwin.

Minimum learning outcomes

  • Evaluate the fundamental concepts of managing technological innovation and innovation processes within a company.
  • Assess the importance of technology and innovation in the strategic management process.
  • Interpret the elements of the assessment of the technological and innovation situation and the capacity of an organization.
  • Identify the basic areas and themes of technological innovation within an organization.
  • Assess the value of available human resources for organizational technological creativity and innovation.

Preferred learning outcomes

  • Critically evaluate the fundamental concepts of managing technological innovation and innovation processes within a company.
  • Critically assess the importance of technology and innovation in the strategic management process.
  • Analyze and critically evaluate the elements of the assessment of the technological and innovation situation and the capacity of an organization.
  • Critically asses the basic areas and themes of technological innovation within an organization.
  • Critically analyze organizational knowledge and the value of human resources for organizational technological creativity, innovation and development.