summary-book-strategic-management-of-technological-innovation.pdf

Summary-book-strategic-management-of-technological-innovation.pdf

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Summary - book "Strategic Management of Technological Innovation" Technology and Innovation (Vrije Universiteit Amsterdam) Verspreiden niet toegestaan | Gedownload door Anders Sewalt ([email protected]) lOMoARcPSD|699016
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Samenvatting boek M. Schilling Strategic Management of Technological Innovation. Chapter one Introduction : In many industries Technological innovation is the most important driver of competitive success. Technological innovation: the act of introducing a new device method or material for application. The increasing importance of innovation is due to in part to the globalization of markets. more pressure to innovate because of foreign competition. Process innovation helps firms lower their costs. Big companies adopt new technologies and increase their pace of innovation; they raise the bar for competitors, triggering an industry wide shift to shortened development cycles and more rapid product innovations. Innovation : production of food and other necessities more efficient, yielded medical treatments that improve health, enabled travel and communication worldwide. Impact of technological innovation can be observed by the gross domestic product (total annual output of an economy measured by final purchase price). GDP has it’s flaws and isn’t completely accurate but correlates to quality of life. Technological innovation can result in negative externalities: Externalities: costs that are borne by individuals other than those responsible for creating them. Thus if a business emits pollutants in a community it imposes a negative externality on the community members; if a business builds a park in a community it creates a positive externality for community members. Technology is a kind of knowledge to solve our problems and pursue our goals. Tech innovation is thus the creation of new knowledge that is applied to practical problems. Few products make it through the development process in some industries one out of 5000 compounds. A firm’s innovation projects should align with its resources and objectives, leveraging its core competencies and helping it achieve its strategic intent. A firm’s organisational structure and control systems should encourage the generation of innovative ideas while also ensuring efficient implementation. A firm’s new product development process should maximize the likelihood of projects being both technically and commercially successful. To achieve this a firm: A in dept understanding of the dynamic of innovation B wel craftes innovation strategy C wel designed processes for implementing the innovation strategy. Verspreiden niet toegestaan | Gedownload door Anders Sewalt ([email protected]) lOMoARcPSD|699016
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=-Part one Industry Dynamics of technological innovation Chapter two: sources of innovation Getting an inside look: given imaging’s camera pill: The birth of the camera pill from collaboration of an Israeli arms specialist (missiles), and a digestive disease doctor to work on a pill with a camera that became very successful.
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