Managing Technological Innovation
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“Innovation” is in the air! Call it innovation at jet speed or disruptive innovation, technology has transformed the world from what it was decades ago. From wheel to automobile and from calculator to smart phone, Innovators have explored every notion, idea, possibility, technology and their imagination. It is these new thoughts that potentially change everything. However what are the challenges of implementing these innovations? How should organizations evaluate these technological innovations? Is it enough to interject in a small manner, or does it require a complete effort along the value chain to make the innovation sustainable? How should organizations actually manage these technological innovations? How does the organization ensure that technological innovations that happen in a particular unit is also captured by other units of the organization? And then, having decided to implement a technological innovation, what are the challenges in successful product development? We will dwelve into such topics over the course of the program.
Over the four days, the participants will be exposed to a gamut of topics in managing technological innovation, starting from how to evaluate a technological innovation, what frameworks to use for the same, how to manage technological innovations related to process innovation and product innovation respectively, managing innovation ecosystems, best practices in managing and spreading innovation across units of the firm, best practices in product development, and above all an exposure to design thinking. Case studies covering technological challenges faced by Indian companies will help enrich the relevance.
At the end of the program, the participant would have had a good understanding on how to evaluate technological innovations, identify the quantum of activities that he will need to do for sustainable presence with the technological innovation, and insights into best-practices in product development and spreading innovation across the firm.
Who should attend
The program is designed for senior and middle level executives who are involved in evaluating and managing technological innovations. Technological innovations are not limited to product based innovations, but may spread to process innovations too.