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CHAPTER 12 Strategic Issues in Managing Technology and Innovation
STRATEGIC MANAGEMENT & BUSINESS POLICY 11TH EDITION THOMAS L. WHEELEN J. DAVID HUNGER Prentice Hall, Inc. © 2008 Prentice Hall 2006
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Executive Fear over loss of Innovation
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The Role of Management –
Technology and Innovation The Role of Management – Innovation Management of technology Prentice Hall, Inc. © 2008 Prentice Hall 2006
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Environmental Scanning –
Technology and Innovation Environmental Scanning – External Scanning New developments in technology Prentice Hall, Inc. © 2008 Prentice Hall 2006
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Impact of Stakeholders on Innovation –
Technology and Innovation Impact of Stakeholders on Innovation – Lead Users Process Lay the foundation Determine the trends Identify lead users Develop the breakthrough Prentice Hall, Inc. © 2008 Prentice Hall 2006
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Impact of Stakeholders on Innovation –
Technology and Innovation Impact of Stakeholders on Innovation – Market Research New Product Acquisition Prentice Hall, Inc. © 2008 Prentice Hall 2006
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Environmental Scanning –
Technology and Innovation Environmental Scanning – Internal Scanning Resource development Experimentation Risk taking New ideas Autonomous project teams Prentice Hall, Inc. © 2008 Prentice Hall 2006
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Environmental Scanning –
Technology and Innovation Environmental Scanning – Resource Allocation Issues R&D intensity Time to market issues Prentice Hall, Inc. © 2008 Prentice Hall 2006
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Product & Process R&D Innovation Life Cycle
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Outsourcing Technology –
Technology and Innovation Outsourcing Technology – Low significant to competitive advantage Supplier has proprietary technology Supplier’s better Strategy based on design not development Requires special expertise Requires new people and resources Prentice Hall, Inc. © 2008 Prentice Hall 2006
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Intellectual property –
Technology and Innovation Intellectual property – Special knowledge used in new product or process Prentice Hall, Inc. © 2008 Prentice Hall 2006
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Technological Competence
Technology and Innovation Technological Competence Absorptive capacity Technological competence Prentice Hall, Inc. © 2008 Prentice Hall 2006
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Categories of Innovation
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Product/Market Evolution Portfolio Matrix
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Stages of New Product Development
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Innovative Organizations –
Technology & Innovation Innovative Organizations – Positive attitude toward change Decentralized decision making Informal structure Interconnectedness Organizational slack Large size System openness Prentice Hall, Inc. © 2008 Prentice Hall 2006
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Designs for Corporate Entrepreneurship
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Techniques – Stage-gate process House of quality
Evaluation and Control Techniques – Stage-gate process House of quality Index of R&D effectiveness Prentice Hall, Inc. © 2008 Prentice Hall 2006
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House of Quality Prentice Hall, Inc. © 2008 Prentice Hall 2006
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