Difference between invention and innovative technology

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Reference no: EM131251123

Introduction To Management of Technology Innovation

By the conclusion of this activity you will be able to:

1. Describe the relationships between inventions, discoveries, and technologies

2. Explain integrating technology and strategy

3. Explain connecting technology and strategy

4. Develop a technology portfolio based on technology importance and relative technology position

5. Assess the innovative capabilities of a firm

You have embarked on this BPS in Technology Management with learning expectations and interests. This most likely included an interest in innovative technology, because if thought through properly, could well bring a profit to the innovator. Reading "Part 1: Integrating Technology and Strategy: A General Management Perspective" of the text will put the class at a common level of communication regarding innovative technology. After completing the reading, tell the class about yourself and your experiences with innovative technology.

Guiding Questions to Consider Prior to the Discussion

1. What is the difference between an invention and an innovative technology?

2. What is the criterion for success for a technological innovation?

3. What does a general manager in a firm's strategy need to know?

4. How can a firm's technology and business strategy be integrated most effectively?

Read "Part 1: Integrating Technology and Strategy: A General Management Perspective", pages 1 through 12.

Describe your reasons to embark on the BPS in Technology Management at Excelsior in terms of your position at your company as well as your professional aspirations. Include your interests and experiences in innovative technology. Also describe in detail an innovative technology that your company or division has recently supported. Based on your past experiences and the section of the reading "assessing innovative capabilities" (page 8), explain why you agree or disagree with this innovative technology endeavor.

Post your response (250-300 word minimum) to the Discussion Board.

Compose your work using a word processor and save it frequently to your computer. When you are ready to make your initial posting, please click on the "Create Thread" button and enter a relevant subject line. Then copy/paste the text, which you have grammar and spell checked, from your Word document into the message field and click Submit. Your initial posting should be no more than one typed page in length. Then, reply to the postings of class members. You may agree or disagree, but you need to support your statements with facts, experience, information and/or references. Review the SBT Discussion Rubric located in the "Start Here" section of the course for more information on grading criteria.

Book - https://www.dropbox.com/s/wbvuy9t3blhym75/book%20Pages.rar?dl=0

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The paper is about how strategic management process can be enhanced if we are making use of technology for the same. The process of strategic management is basically concerned with developing a strategy that shall be of use to the company in the fulfillment of their tasks with a strict deadline. The process will help us to have better management for the activities and when they shall be completed. The paper has been prepared in Microsoft Office.

Reference no: EM131251123

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