University of Bridgeport School of Engineering TCMG 620, Spring 2015 Strategic Management of Technology and Innovation -------------------------------------------------------------------------------------------------------------------Neal A. Lewis, Ph.D. Office: Tech 139 Phone: 203 - 576 - 4569 E-mail: lewisn@bridgeport.edu Office Hours: Mondays and Tuesdays 11:00 – 1:00, Wednesdays 11:00 – Noon or by appointment ----------------------------------------------------------------------------------------------------------------------------- -- Course Description: This course presents a coherent process for the formulation, implementation, and assessment of technology strategy. This includes the technology life cycle of initiation, growth, maturation, and decline of business innovation. Technology management and innovation are studied within a strategic management perspective. Methods of technology planning, aligning technology with business strategy for competitive advantage, and strategic management for use in organizations that use a broad range of technologies are discussed. Strategies for commercializing products and services, new technology adoption, process innovation and business/technology transformation are included. Texts: Betz, Frederick. Managing Technological Innovation, 3rd edition. Wiley, 2011. ISBN 978-0470547823. You need to have a copy of this text. David, Fred R. and Forest R. David. Strategic Management, Concepts and Cases, 15th Ed. Pearson, 2015. ISBN 978-013344479-7. You do not need to have a copy of this text. Recommended Reading: Burgelman, R.A., Christensen, C. M., and Wheelwright, S.C. Strategic Management of Technology and Innovation, 5th Edition, McGraw-Hill Irwin, 2009. ISBN 978-0-07338154-1. Course Objectives: To understand and apply the 1. Key questions and detailed steps and processes involved in strategic planning and execution. 2. Strategic thinking in management of technology and continuous evaluation of strengths, weaknesses, threats and opportunities faced by an organization. 3. Life cycles of technology within organizations and the need to stimulate and sustain innovation and creativity within organizations. 4. Management of interfaces among corporate, marketing, finance, production, and interdisciplinary technology strategies. 5. Technical skills for technology evaluation, selection, and implementation. 6. Effective integration and alignment of technology in an organization. 7. Measurement of the impact of technology on the productivity and profitability of an organization. Team Project Teams of 2-3 people will identify, organize, execute, and report on a major Team Project as described below: Contact an organization (business, not-for-profit, academic department, school organization, or government agency) to find one that will allow your team to assist in developing a strategic technology plan for the organization. Working with the organization, apply the tools and techniques learned in the course to develop a strategic plan for the organization. Status reports (10 min.) on this effort will be required throughout the semester. A final team written report and a formal oral presentation will be made near the end of the semester. Each team will present its final report to the class and be prepared to answer questions. Although some time is scheduled during class for the project, the scope of the project will require team meetings outside of class time. The project grade will be based as follows: Quality, content, and thoroughness of the finished plan (70%) - Heavily weighted by the likelihood the plan will be used - Including writing and organization of the report Team organization and performance (30%) - Including quality of oral presentation and the internal cooperation of the team Since team organization and performance will be an element of the grade, a record of team meetings should be recorded and submitted as an appendix to the final written report. I will ask each student to evaluate the participation and contribution of each team member at the end of the course. This evaluation will be a part of each person’s project grade. Class Attendance, Participation, Punctuality and Cheating Attendance at each class session is expected. Class lectures complement, but do not duplicate, textbook information. Together the students and instructor will be creating a learning organization. Students are expected to be on time for class. Attendance is taken at the beginning of class, and late arrivals will be marked as absent. A significant portion of your learning will accrue through the constructive and respectful exchange of each other’s ideas (including mine) and search for alternative solutions. You must be actively engaged in class discussions to improve your thinking and communication skills. Cheating is absolutely unacceptable in any form. If I catch you cheating, I will warn you once, with a zero for that assignment. The second offense will result in an “F” for the course. Cheating means using the work of others as your own. Copying homework, letting others copy your work, using papers from the Internet, any talking or looking around during exams, and allowing others to look at your exam papers are examples of cheating. It is the student's responsibility to familiarize himself or herself with and adhere to the standards set forth in the policies on cheating and plagiarism as defined in Chapters 2 and 5 of the Key to UB; http://www.bridgeport.edu/pages/2623.asp or the appropriate graduate program handbook. As a UB policy, it is expected that each student that attends one hour of classroom instruction will require a minimum of two hours of out of class student work each week for approximately fifteen weeks for one semester. Preparation, Deadlines and Late Policy Read the reading assignment BEFORE the lecture. The lectures cannot cover all of the text, and the exams will cover both. You are expected to read and understand all of the assigned chapters, except those sections specifically identified as ok to skip. Homework During the semester, problems and case studies will be assigned as homework. Assignments are to be completed and turned in by the due date shown on the syllabus or assigned by the instructor. Late assignments will be accepted but will only receive half credit. If you are going to be absent from any class, you must make arrangements to obtain and return any homework. All case studies will require a one- to two-page written summary that will be submitted not later than the due date. Case studies will be presented by the project teams. The people presenting the case study do not need to submit a written summary. Class Contribution Class contribution includes attendance, preparedness, participation, and contributing meaningful questions, experiences and examples to enhance the learning opportunities of your classmates. Be prepared to discuss the material, especially the case studies; it’s part of your course grade. Grading Policy: Final Grade for the course will be calculated as follows: Major Team Project 30% Mid-term Exam 25% Homework 30% Class Contribution 15% Schedule, Spring 2015 Class Date Topics Session 1 1/22 Introductions & Course Information Technological Innovation Strategic Management; The Vision and Mission Teams formed, Projects identified Session 2 1/29 Readings/ Assignments Due today Betz chapter 1 David chapters 1 & 2 Session 3 2/5 The External and Internal Assessments David chapters 3 & 4 Case: Netflix 2011 Session 4 2/12 Strategy Types and Strategy Analysis Project Proposal Presentations, all Teams David chapters 5 & 6 Session 5 2/19 Innovation and Economy Betz chapter 2 Case: Under Armour Betz chapter 3 Session 6 2/26 Session 7 3/5 Radical Innovation Case Study: The Lab that Ran Away from Xerox Project Status Reports Incl. outline of a strategic technology plan Test preparation Session 8 3/12 Midterm Exam 3/19 Spring Break – No Class Betz chapters 8 & 9 Session 9 3/26 Technology Strategies Session 10 4/2 Technology Maturity and Substitution Session 11 4/9 Technology Inside the Firm Betz chapters 5 &7 Technology Outside the Firm Case: Which Kind of Collaboration is Right for You? Session 12 4/16 Case: Developing and Diffusing New Technology Strategies Moore’s Law and the Technology S-Curve Case: Bold Retreat: A New Strategy for Old Technologies Project Status Reports Session 13 4/23 Selecting Programs and Managing Risk Session 14 4/30 Final Project Presentations