Innovation Introduction

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Introduction to the

Management of Technology and

Innovation

TMGT1006

G. Brophey

W’08

Discussion structure

1.

2.

3.

4.

5.

Innovation, technology management and business. How does it fit together?

As aspiring managers why should we care about innovation?

Some innovation fundamentals, definitions, types, metrics

Innovation can be looked at in a variety of ways

Where can you learn more about the topic?

Where does it fit? - Technology management and the functional business areas

Operations management

Financial management

Technology management

Personnel managemen t

Marketing management

Where does it fit? Technology and

Strategy

Operations management

Organizational Strategy

Financial management

Technology management

Personnel managemen t

Marketing management

Where does technology management and innovation management fit?

Organizational Strategy

Operations management

Marketing management

Financial management

Personnel managemen t

Technology management

Non mission-critical technologies

Mission-critical technologies

Innovation Management

Idea Generation, Evaluation, Implementation

As aspiring managers why should we care about innovation?

Leading Western economists Solow and Lipsey have assessed economic history and found that economic growth derives primarily from technological change

(Solow,1988) (Lipsey, 1996).

Solow found that gross output per hour of work in the

US economy doubled between 1909 and 1949 with

7/8 ths of this increase directly attributable to technological change.

Solow won a Nobel prize for his work.

What about recently though?

Based on a Google and MSN search (10/06) looking for Ontario manufacturer’s mission statements that contain;

“Innovative" or "New Ideas" or "Creative" or "Creativity", or "Leading Edge" "or "Latest

Technologies" or "Continuous improvement"

Ontario Die

Amsino

Precision Metal Cutting

Win-leader Corp

CompuSys Solutions qdata

Universal Handling Equipment

Neenah Paper

Solar Direct

Delta Elevator

Akron Brass

Pure Energy Visions Corporation

CAMI

Edwards Doors

Knoch Manufacturing

Active Burgess

SPI

Cromark International

Riverside Brass

BTI

Fibertec

Leakpro

Real Action paintball

Newcomb Spring

Interlock

Stelwire

Dalsa

EKO

Carrier Vibrating Equipment

Grenville Castings

Dryvit

Design Shelter inc

Spirol

JVL Corporation

12 volt direct

Total yeses

Total nos yes no yes yes yes yes yes no

Google yes yes no yes no no yes yes no yes no yes

MSN yes yes no yes

21

14 yes yes no yes yes no yes yes no no yes no no yes no

As aspiring managers why should we care about innovation?

If this quick sample shows innovation is important to small Ontario manufacturer's, what about these other industries?

Music

Communication

Mining

Automotive

Steel

Biotech

Health care

Is innovation important to them?

Some innovation fundamentals

Managers do not agree on a lot of the aspects of innovation

(Storey, 2000)

Innovation types

Product, process, service, radical, incremental, explorative, exploitative, technical, administrative, variation, reorientation, line extension, breakthrough, etc., etc., etc.,!!!

Innovation can be looked at from a variety of levels

The innovation process

A piece of the innovation process

An individual innovation

An overall innovation program (e.g. How to figure out whether an R&D department is doing a good job?)

The overall firm

The industry (autos or communications or mining)

Region (Ontario vs. Saskatchewan)

National (Canada vs. U.S)

Position in the technology trajectory (From sheet music to MP3 files

– Are we half done yet? What’s next?)

Looking at innovation as a process

Previous Research -Idea generation

Idea evaluation

Piece of innovation process level

How do you know you are good or bad at

__________?

Idea generation or acquisition?

Idea evaluation?

Idea implementation?

Per innovation

As a project manager what definitions and metrics would you use to decide whether your innovation project was a success?

For product innovations?

Process innovations?

Service innovations?

Combination innovations?

Per innovation programme

As a manager of multiple innovations how do you evaluate success?

How would you decide whether to agree to a request to bump R&D spending by 10% this year? What things would you want to look at?

At the firm level?

As senior managers, is innovation always a good thing to do?

Olson et al, (2005) suggests otherwise.

They found that for some businesses, financial performance could be negatively impacted by an orientation towards product innovation. Can you identify what sort of business they might be referring to?

Schools of thought on how to innovate at the firm level

New economy model

– disruptive vs. sustaining innovations

Innovate in order to learn to innovate

Intrapreneurship can solve everything

Organic

Disciplined

Organic then Disciplined

New Economy Model

New Economy Model

New Economy Model

New Economy Model

Schools of thought on how to innovate

New economy model

– disruptive vs. sustaining innovations

Innovate in order to learn to innovate

Intrapreneurship can solve everything

Organic

Disciplined

Organic then Disciplined

Innovation can be looked at from a variety of levels

The innovation process

A piece of the innovation process

An individual innovation

A overall innovation programme (e.g. how to figure out whether an R&D program is doing a good job?)

The overall firm

The industry (autos or communications or mining)

Region (Ontario vs. Saskatchewan)

National (Canada vs. U.S)

Position in the technology trajectory (From sheet music to MP3 files

– Are we half done yet? What’s next?)

At the level of the technology trajectory

Study and prediction of where enabling technologies are going next. Issues of publicity, scalability, required absorptive capacity all affect innovation diffusion rates.

Some enabling technologies currently in play;

Human Genome

GIS

RFID

Convergence

Where can I learn more about innovation and technology management?

Right here in your

BBA

program.

Technology Management Stream

=Core BBA courses + 5 core TMGT courses+ 4 TMGT electives

Core TMGT courses

,

ADMN 3837 Organizational Development and Change

TMGT 2106 Systems Analysis and Design

TMGT 2807 Project Management

TMGT 3006 Technology, Business and Society

TMGT 4006 Management of Innovation and

Technology

Choose 4 from these electives

Accounting Information Systems

Information Systems

Auditing and Assurance

Genetics

Genetics and Society

General Chemistry

Introduction to Computer Science

Programming in C++

Object Oriented Programming

Database Maintenance

Introduction to Environmental Science

Discrete Mathematics I

Reasoning and Logical Argument

General Physics

Introduction to Psychology I

Behavioural Neuroscience

Fundamentals of GIS and Computer Mapping

Programming for Business

Field Placement in Technology Management

Networking in a Business Environment

E-Business

Current Trends in Technology Management

Summary

Innovation is tough to manage partly because it is tough to measure and partly because it requires comprehensive skills to manage it.

Innovation is where the action is in terms of economic growth and firm survival and it has many exciting career possibilities.

Check out the TMGT stream here at NipU

Check out www.IDEO.com for a good example of the type of work involved with innovation

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