MT451-01 Managing Technological Innovation

Unit 9– What Will Be: Forecasting Technological Developments

Unit 8 Material Questions

Discussion Comments

Last Seminar

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Unit 8 OverviewUnit 8 Overview

• Technological innovation is occurring at a phenomenal pace. In order to be proactive, organizations must have the ability to forecast the next generation of technological advances. This unit will introduce the student to technological forecasting and explore various forecasting techniques

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Key ConceptsKey Concepts

• Having mastered the concepts of technology management in the contemporary organization, one must now look toward the future of technology. The ability to forecast how technologies develop and what role new technologies will play in organizations is of prime importance.

• The technology adoption life cycle starts with early adopters and ends with laggards who initially oppose the technology.

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Unit 9 AssignmentsUnit 9 Assignments• Complete the reading Links:

http://www.acuity-mi.com/Technology_Markets.php• Note a correction from the reading link• And:

http://searchcio.techtarget.com/news/1017121/Forecasting-technology-comes-of-age

• Participate in the discussion board (20 Points)• Complete and submit the Final Project (145 points)• Participate in the seminar or complete the alternative

seminar assignment (15 Points)• Complete the web fieldtrip discussion (10 points)• Professional Development Activity Thread (50 points)

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Final Project GuidelinesFinal Project Guidelines

• Your Final Project requires you to evaluate the strategic management of technological innovation of a real-world organization. The impact of these technological advances on the business environment cannot be disputed. You may have selected your present employer, a past employer, or an organization that you would like to go to work for in the future as a model for this project. Evaluate how effectively the company manages technology and innovation. Your project should reflect the skills and knowledge that you will develop throughout this course and should address the following concepts:

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Final Project Guidelines

• Sources of Innovation • Types and Patterns of Innovation• Utilization of Dominant Designs• First-Mover Advantages/Disadvantages• Assessment of company's current market position • Identification of core competencies and capabilities

Final Project Guidelines

• Collaboration Strategies • Protection of Innovation and Intellectual Assets • Size and structural dimensions of the organization • Management of new product development • Project Champions • Forecast of the organization's market position in 5 and 10 years

Final Project Requirements:

• The paper must be 8-10 pages in length. • The paper must follow APA format - 12 pt font, double-spaced,

indented paragraphs, citations, reference list, etc. and be submitted as a Word document. The instructor must approve any exceptions in advance.

• Include an introduction and a conclusion. • Reinforce your personal opinions with outside references and cite all

works utilized.• Limit the use of direct quotations - instead, paraphrase and cite the

author's work.

Final Project Requirements:

• Cite a minimum of five sources that are relatively current, dating from the last five years of your chosen company's life.

• To receive full possible credit, it will be necessary for you to cite more references than the bare minimum.

• Demonstrate your understanding of the course outcomes through your response.

• The Final Project will be due no later than the close date listed on the class homepage.

• Assignment Checklist State the strategic management of technology

innovation of a company.• Name key variables driving global technology and relate

with examples of innovators in the industry.• Relate the effectiveness of a selected company to apply

variables to their success.

Final Project

• Directions for submitting your assignment Compose your assignment in a Microsoft Word® Save it as Username-MT451 FinalProject -Unit#.doc (Example: TAllen- MT451-FinalProject-Unit9.doc).

• Submit your file by selecting the Unit 9: Final Project Dropbox by the end of Unit 9.

Final Project

Let’s take a look at the reading links and discuss the material for the last portion of your final project.

The history of high-tech has taught us that the adoption of new technology paradigms usually can be explained by the technology adoption life cycle. This model theorizes that the life cycle is initiated by early adopters of a technology; and that only later in the life cycle do laggards adopt the technology. Planning is future oriented, and an understanding of the technology adoption life cycle allows for managers to better forecast technological requirements and advances.

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Technology Adoption

Technology Adoption

Technologies used to help companies predict things

Forecasting Technology Comes of Age

• Behavior• Demographics

Business Intelligence has brought on sophisticated tools

• Predictive Analysis• Guided Decision Making Applications

Questions?Questions?Questions?Questions?Thank you for attending!