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By Mark Dodgson

The administration of Technological Innovation (MTI) is without doubt one of the most crucial demanding situations dealing with companies this day. Innovation has turn into the basic driving force of competitiveness for companies of all sizes in almost all company sectors and nations.The first version of this publication has turn into probably the most renowned texts for college students of innovation and know-how administration. This re-creation sees David Gann and Ammon Salter subscribe to Mark Dodgson as authors, drawing on their mixed adventure of 60 years of discovering and instructing MTI. It combines the main suitable theoretical research with modern and historic empirical proof to supply a finished, but concise and readable, advisor to the demanding situations of MTI.By explaining the innovation approach the ebook unearths the huge scope of MTI and its value for corporation survival, progress and sustainability. It describes how MTI should be controlled strategically and the way this can be effectively completed via formulating and enforcing process and providing worth. Chapters supply frameworks, instruments and methods, and case experiences on dealing with: innovation approach, groups, and networks, R&D, layout and new product and repair improvement, operations and construction, and commercialization.Based on strong research, the ebook presents a variety of empirical proof from a big range of case stories, with round fifty case stories newly written for this variation. It analyses MTI in all components of the realm, in businesses huge and small, and in companies, production, and resource-based company sectors.This new version has been absolutely revised and up-to-date to mirror the most recent instructing and learn, and to make sure its carrying on with relevance to the modern global of MTI. will probably be a major source for lecturers, scholars, and executives in the course of the international, is a advised textual content for college kids of innovation and know-how administration at postgraduate and undergraduate point, and is especially helpful for MBA classes.

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Extra resources for The Management of Technological Innovation: Strategy and Practice

Sample text

1 Definitions of technology and innovation Technology is a replicable artefact with practical application, and the knowledge that enables it to be developed and used. Technology is manifested in new products, processes, and systems, including the knowledge and capabilities needed to deliver functionality that is reproducible. Innovation is much more than invention—the creation of a new idea and its reduction to practice— and it includes all the activities required in the commercialization of new technologies (Freeman and Soete 1997).

Essentially, innovation is the successful commercial exploitation of new ideas. It includes the scientific, technological, organizational, financial, and business activities leading to the commercial introduction of a new (or improved) product or service. Firms compete successfully when they offer new, better, and/or cheaper products and services, which their customers can use to advantage, and which their competitors cannot provide. Competitive advantage therefore derives from the ability to make and do things more cheaply and better, or to make and do new things.

Specific focus will be placed on the move from mass to ‘lean’ and ‘agile’ production and consumption and the combination of operation capacities with those of design and development, and the integration of supply chains. MTI and operations are discussed in Chapter 8. The eventual aim of MTI is the delivery of value, and the process of commercialization—that is, obtaining returns from innovation investments—is a central element of MTI. Appropriating value from firms’ investments in technological innovation involves consideration of intellectual property rights (IPR), licensing, the creation of technical standards, speed, and secrecy, and the ownership of ‘complementary assets’.

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