Strategic Management of Technology and Innovation (E_BK3_SMTI)
Class notes
All lecture notes - Strategic Management of Technology and Innovation E_BK3_SMTI
41 views 1 purchase
Course
Strategic Management of Technology and Innovation (E_BK3_SMTI)
Institution
Vrije Universiteit Amsterdam (VU)
Book
Strategic Management of Technological Innovation
Lecture notes study book ISE Strategic Management of Technological Innovation of Melissa Schilling, Schilling (1 t/m 9) - ISBN: 9781260565799, Edition: 6th edition, Year of publication: - (E_BK3_SMTI)
Complete Test Bank Strategic Management of Technological Innovation 6th Edition SCHILLING Questions & Answers with rationales (Chapter 1-13)
Test Bank for Strategic Management of Technological Innovation 6th Edition SCHILLING / All Chapters 1 - 13 / Full Complete 2023
FBE - Strategic Management of Innovation
All for this textbook (18)
Written for
Vrije Universiteit Amsterdam (VU)
Communicatiewetenschap
Strategic Management of Technology and Innovation (E_BK3_SMTI)
All documents for this subject (1)
Seller
Follow
japrins
Reviews received
Content preview
SMTI LECTURE NOTES
Knowledge clips and more
KNOWLEDGE CLIP 1: THE IMPORTANCE OF INNOVATIONSTRATEGIC MANAGEMENT OF
TECHNOLOGY & INNOVATION
Important sectors:
- Energy
o Sustainable direction.
- Healthcare
o Researchers are trying to find a COVID vaccine but also ‘making’ organs
- Finance
o Automatized (PIN)
- Automotive
o Tesla
Joseph Schumpeter (1883-1950)
“The process of creative destruction is the essential fact of capitalism” (Schumpeter, 1942)
- One of the first economists who talks about innovation.
o Innovation comes, destructs something and comes with something better.
▪ Ice blocks → refrigerator, the ice block sector is destroyed.
Kondratieff Waves
Consequences of innovation: employment
Innovation often creates jobs... but different jobs.
,Current economics and innovation
Bottleneck variables for Computerisation
- People are still doing this better than machines.
Ongoing study evidence
- Increased developments in AI correlates with higher wages for high-software
dependent jobs
- Low- and high-software dependent jobs see a moderate increase in employment,
whereas medium software intensity jobs see a decrease in employment (though
statistically all not significant).
, • Focusing on their customers. How they can change life or improve things around
them is important.
KNOWLEDGE CLIP 2: THE IMPORTANCE OF INNOVATIONSTRATEGIC MANAGEMENT OF
TECHNOLOGY & INNOVATION PART 2
Innovation is key to an organization’s survival.
• Red queen effect → you keep running but standing in the same place.
, Poster child: polaroid. Their business model wasn’t successful. What customers want,
change. Like now: they want to have instant films.
Increasing importance of innovation
• Globalization
• Increased competition (differentiation)
• Speed of knowledge development
• Shortened development cycles and product life cycles
• Enabling technologies: computer-aided design; flexible manufacturing systems; 3D
printing; internet-of-things
The Netherlands: Strengths & Weaknesses
- Bol.com → innovators, it is mostly a service.
Technology
- Technology is a means to fulfill a human purpose
➢ device
➢ process
- Technology consists of multiple components linked together
- Technology exploits phenomena to fulfill its purpose
- “A technology is a phenomenon captured and put to use”
Innovation
- Technological innovation is the act of introducing a new device, method or material
for application to commercial or practical objectives (Schilling, 2019)
- “Innovation is the process of turning ideas into reality and capturing value from
them” (Tidd & Bessant 2009)
- Innovation = theoretical conception + technical invention + commercial exploitation
(Trott, 2012: 15, the total view of innovation)
KNOWLEDGE CLIP 3: SOURCES OF INNOVATION
Many sources of innovation:
- Inventors
- Users
- Firms
- Universities and government-funded research
- Private Nonprofit organizations
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller japrins. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $5.89. You're not tied to anything after your purchase.