The field of Management of Technological Innovation focuses on the strategic and operational aspects of harnessing technology to drive business success. It involves understanding how technological advancements can be leveraged to create competitive advantages, foster innovation, and sustain long-term growth.
In line with these principles, the course “Strategic Management of Technology” is designed to mirror the strategic management process used in most strategy frameworks, progressing from assessing the competitive dynamics of the situation to strategy formulation and then to strategy implementation. The first part of the course covers the foundations and implications of the dynamics of innovation, helping students better understand and interpret a firm’s technological environments and identify meaningful trends. The second part of the course begins the process of crafting the firm’s strategic direction and formulating its innovation strategy, including project selection, collaboration strategies, and strategies for protecting the firm’s property rights. The third part of the course covers the process of implementing innovation, including the implications of organizational structure on innovation, the management of new product development processes, the construction and management of new product development teams, and crafting the firm’s deployment strategy.
Additionally, the course will incorporate practical case studies, allowing students to apply theoretical concepts to real-world scenarios and deepen their understanding of the strategic management of technology.