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Strategic Management of Technology and Innovation (SMTI) Lecture Summary $10.17   Add to cart

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Strategic Management of Technology and Innovation (SMTI) Lecture Summary

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This document contains a summary of all the topics discussed in lectures.

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  • December 14, 2021
  • 35
  • 2021/2022
  • Class notes
  • Dr. serge rijsdijk
  • All classes
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, Lecture 1




The importance of technology innovation

"
"
the importance of creative destruction is the essential fact of capitalism

Schumpeter ,
1942




Kondratieff Waves




consequences of Innovation for Employment
Innovation creates jobs ,
but different ones




Bottleneck Variables for computer isation




← based on
]
Defining Technology & Innovation

Technology
is fulfill
Technology means to a human
purpose
-


a



device
-




process
-




Technology consists of multiple components linked together
'




Technology exploits phenomena to fulfill its
-




purpose



-
:
Technology is a phenomenon captured and put to use

,Innovation

innovation device method
Technological is introducing
-



the act of a new .




or material for application to commercial or practical objectives

( 2017)
schilling ,



"
Innovation is the process turning ideas into
reality and capturing
-




of
"

value from them (Tidd 4 Bersani
,
2009)

"
Innovation theoretical conception + technical invention commercial
-

= +



2012)
"

exploitation CTROH ,




sources of Innovation


Inventors
'




users
-




-


Firms

Universities / government funded research
-


-




Private non-profit organisation
-




Inventors

Innovation is taking a scientific discovery and giving it a use


example :
electricity through a
lightbulb makes
light →
lightbulb Ctnomas

Edison)




users


their
Asking a customer arrant
they want ,
they would
stay close to



reality ( faster horse vs car )



Functional Fixedness

Objects have a set function , normally people do not think outside
of

that




Another solution for functional fixedness
in customers :




incremental innovations too
'



me products
-



,




-

solution :
focus on outcomes or observe

direct questions
-


ask




Firms : R&D activities




-
with a purpose





specific new products

, Lecture 2 and patterns of innovation
types
:




Technology S-curve

maximum level
plateau all
technologies have of
-



a



performance →
represented by plateaus

at the
beginning new technologies are not
-




,




necessarily better than old ones ,
but as they
have a higher ceiling , they end up progressing
more . :
surpass old technology




= time




Technology Life Cycle




Technology Trajectories
" "

time
'



the a
technology takes
path through
Re components
'

-
use of

Recombination of components





Novel components
'




Adoption s curves

-

Not the same as technology S -

curves


Are about cumulative market penetration /
-




sales

-



s performance
Technology curves are about
-




improvement of technology

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