Technology Innovation

Instructor:

Marko Torkkeli, D.Sc, Professor, Lappeenranta University of Technology (Finland)

(Visiting Professor)

 

Workload:

6,0 ECTS, 45 hours

Prerequisites:

no

 

Goals and objectives: 

The course aim is to give students essential mindset, tools and techniques to cope with technological innovation. Technology is treated as powerful tool to gain competitive advantage via business model and innovation. As result students can understand and manage better technological innovations in different organizations.

 

Course Content:

Topic 1.Technology and innovation management principles.

Technology evolution. Generations of innovation management. Growth enabled by innovations. Innovation management

 

Topic 2. Strategic approach.

Developing framework for an innovation strategy. Positioning, paths and technological trajectories.

 

Topic 3. Technology and New Product Development (NPD) tools.

New product development tools. Project selection models. Project management methodologies

 

Topic 4. Creativity and innovation.

Creativity and invention definitions. Classifications of inventions. Creativity Climate. Creativity killers. New idea generation, presentation, evaluation, elimination. Creativity methods.

 

Topic 5. The technology manager in the modern context.

Entrepreneurship and new ventures. New product development and growth. Links to general management. Creating winning teams for venture. Information technology for competitive advantage. IT supported business. Entrepreneurial mindset.

 

Topic 6. Tools for business development from technology perspective.

Practical tools on opportunity identification. Opportunity register. Value chain management. Definition of offering, key attributes of a product, market-busting positioning.

 

Topic 7. Uncertainty management in technology innovation

Real options thinking in venturing.  Uncertain aspects of technology ventures.  Genetic code of a technology. A method for management of uncertain technology projects.

 

Topic 8. Open Innovation: theory and cases.

Open innovation in theory.  Open innovation in practice in case companies. Research surplus management: principals and tools.

 

 

Teaching Methods:

Lectures, seminars, case studies, group work, exercises, home and class discussion and assignments.

 

 

Course reading:

 

  • Tidd Joe, Bessant John & Pavitt Keith (2005 3rd Edition or newer). Managing innovation: integrating technological, managerial organizational change. New York.
  • George S. Day, Paul J. H. Schoemaker (Eds.): Wharton on Managing Emerging Technologies, Publisher: Wiley; New Ed edition, 2004.
  • Burgelman Robert, Christensen Clayton, Wheelwright Steven, Strategic Management of Technology and Innovation, 7th edition, McGraw-Hill, 2008

 

 

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