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CMR UNIVERSITY REPORT On TECHNICAL INNOVATION AND ITS IMPACTS ON INDIAN ECONOMY Submitted in partial fulfilment of the requirements for the I Trimester For the Academic year 2016-2017 BY Name: CHAITHRA R. ROLL NO:07 Under the guidance of Dr.BASANNA Dept of MBA CMR UNIVERSITY DECLARATION
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I chaithra R. Roll no. 16PG06007 class MBA 1 ST YEAR of the CMR University, hereby declare that the mini project entitled “Technical innovations and its impact on Indian economy” is a secondary based study. The suggestions are approved by the faculty guide have been duly incorporated. CHAITH RA R. 16PG060 07 FACUILTY GUIDE DR. BASANNA PROFESSOR CMR UNIVERSITY AKNOWLEDGMENT I take this opportunity to convey my gratitude to all those who have being kind enough to offer their advice and provide the assistance when needed which has led to the successful completion of the project.
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I do acknowledge my gratitude to my guide Dr.BASANNA for his support and valuable guidance. Last but not the least, I express my regards to all the teaching staff s of MBA department, and also my friends for their kind cooperation and support to complete the project. SL.NO: CONTENTS PAGE NO: 1. Introduction and definition 06-08 2 Information technology 08-12 3 Technical innovation aims and objectives 12-13
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4 Knowledge and innovation management 13-20 5 Science, technology, Innovation and development 20-32 6 Trends in innovation in Indian manufacturing Space 32-33 7 Trends in innovation in Indian manufacturing space 33-35 8 Conclusion 35-37 Executive summary: Introduction While literature on Innovation has been growing in recent times, the NKC survey on Innovation is perhaps the first detailed and in-depth quantitative and qualitative survey on Innovation in India (as defined more broadly than R&D) using firm level aggregate statistical data on a nationwide scale, with a sample that includes the top industry leaders as well as a large number of small and medium enterprises (SMEs), and across varied industrial profiles, ranging from manufacturing and services to diversified businesses. It is expected that the survey will provide feedback and information on current Innovation trends to firms as well as generate necessary catalyzing effects for business Innovation to take place in India on an even larger
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scale, thus ensuring sustained Innovation led economic growth in the coming years. NKC defines Innovation I the following manner for the purposes of this survey: ‘Innovation is defined as a process by which varying degrees of measurable value enhancement is planned and achieved, in any commercial activity. This process may be breakthrough or incremental, and it may occur systematically in a company or sporadically it may be achieved by: - introducing new or improved goods or services and/or - implementing new or improved operational processes and/or - implementing new or improved managerial processes in order to improve market share, competitiveness and quality, while reducing costs.’ Innovation and competitiveness shave a dynamic, mutual relationship. Innovation thrives in a competitive
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