Mgmt 671

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Mgt 671- SPRING 2013
Technology & Innovation Management
Syllabus/Introduction

Prof. Steven R. Savitz
Executive in Residence
Wesley J. Howe School of Technology Management
Stevens Institute of Technology
Hoboken, New Jersey 07030
Office Phone: 201-216-8242
e-Fax: 1-720-596-7470
Babbio Center 303A
Email: Use Moodle email only
Office Hours : Wed. 11-5pm, or by appointment

I. COURSE CONTENTS

1. Module I, Introduction to Technology & Innovation Management

2. MODULE II, Linkage of Business Strategy to the Tech. Strategy

3. MODULE III, Strategic Technology Roadmapping & Platform Management

4. MODULE IV, Core Competencies, Competitor Assessment

5. MODULE V, Innovation in the Service Industry

6. MODULE VI, Technology Transfer, Patents & Intellectual Property

7. MODULE VII, Technology Strategy Development

8. MODULE VIII, Development Strategy and Strategic Portfolio Management

II. COURSE DESCRIPTION

The conceptual; framework of this course is an evolutionary process perspective on technology management and innovation. The focus here is on PROCESSES to help firms better manage technology and innovation. The fundamental ideas underlying this evolutionary perspective are 1) a firm’s technology strategy emerges from its technological competencies and capabilities; 2) technology strategy is shaped by external (environmental) and internal (organizational) forces; and 3) the enactment of technology strategy, through the experience it generates, serves to further develop the firm’s technological competences and capabilities. We will deal with typical issues that managers in technology based firms deal with. This course discusses the strategic management of technology and innovation. Our goal is to develop managerial skills, methodologies and critical thinking in order to achieve a sustainable technological competitive advantage for the firm- this if often expressed in superior performing new products and services. You will be exposed to cutting edge tools and concepts for managing the technology and innovation process. Subjects covered include the technological basis of the firm, integrating technology with the business strategy, assessing the firms innovation capability, technology life cycles, type and characteristics of new projects, technology roadmapping, core competence assessment, competitor assessment, technology transfer, strategic alliances, intellectual property, project portfolio selection and management, and technology and development strategy implementation for successful product development. Individual case studies and a final team project to develop an actual 5-year technology and innovation strategy will be used to build competence and confidence in the concepts. Student’s final grade will be based on written answers to the individual and team case assignments and the insight and quality of the critique offered during the class discussions as well as a final quiz. Attendance is a part of class participation and students are expected to attend all sessions. The student’s role in this classroom is one of learning together and sharing critical insights with others in an individual and team based learning environment.

III. COURSE OBJECTIVES

The overall objectives of the course are:
• To develop an awareness of the range, scope, and complexity of the issues and problems related to the strategic management of technology and innovation • To develop an understanding of the “state of the art’ of the strategic management of technology and innovation • To develop a conceptual framework for assessing and auditing the innovative capabilities of a business organization • To expose you to tools and concepts used by companies engaged in technology-intensive industries. • To offer some practice in defining and...
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