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Chapter 7 of SBD Chapter 1 of MTI Technology Is a complex term that includes art, science, engineering, devices, methods, and know-how thet are applies in a beneficial manner. It usually take the form of product and processes that can be used to create solutions. In particulary it is true for hardware and software applications. Technology innovation Is a subset of strategic technology management and the systematic creation of new-to-the-world technologies that are superior to their predecessors and the improvements of exisisting technology platforms and portfolios. Strategic Technology Management Technological innovation is an important strategic issue today. Recently, extensive analyses of automotive suppliers and industrial manufacturers. The findings suggest there are considerable strategic risks associated with the management of new technologies. Patented technologies and the ability to create value-added features using those technologies are valuable differentiators which contribute to high profit margins. However, technology that remains static can not maintain a premium position in the marketplace. example: As seen with anti-lock brake systems and airbags, even the most advanced technologies will eventually become commodity items. The market entry phase New-technology suppliers should reinvest profits from the current technology into the next- generation technologies. In the innovation phase, suppliers should strategically reposition the current technology to focus on the emerging low-cost commodity phase. Those who fail to recognize the different phases and adjust their management approach over time will suffer the consequences. Over the last five years, some well-known suppliers sold or spun-off their automotive business units in the face of general under- performance, compared to non-automotive operations. Among them are A. O. Smith, Rockwell, Allied-Signal, ITT, United Technologies and Cooper Industries. For conglomerates, divestiture of an unprofitable business is a luxury that other suppliers do not have. These suppliers have no alternative: to improve or to die. If the 1990s was the decade of turmoil in the automotive industry, the first decade of the twenty-first century will be one of survival. This is not a doomsday prophecy but simply a stricter application of the Darwinian theory. As the competition extends and intensifies globally, automotive suppliers should be more aware of the changes in the environment in which they operate; accurately assess the implications of those changes; and position themselves accordingly. The window of opportunity for a new technology is considered to be about 10 years, depending on the technology. Within this ten year window, there are three product phases, namely: Phase 1 - Market Entry phase - rapid market penetration to gain economies of scale Phase 2 - Innovation phase - technological change to drive down cost while adding features Phase 3 - Commodity phase - process driven phase where manufacturing cost control is essential for survival Strategic technology management Technology: couse or solution? Managing technological change Technological forecasting and assessment Stability or change? Strategy for innovation Technological innovation Technology life cycle: P leveling Is a time based theory of E technological change that R use the S curve to depict the F Exponential growth O development and growt of a R technology M A N C introduction E TIME Overview Construct for managing change Type of development projects …changes… Innovative strategic action Creative strategic actions Hierarchy of innovation and integration Convergence of balanced technological and product attributes Value Quality Ultra Clean Low costs No Waste Market Redploy Performance Social High Efficiency Durability Technological Love Noise Reliability Economic Conservation Comfort Environmental Recyclable Aesthetics Esteem Lean Market Innovation Stakeholder attributes attributes attributes What is management of technological innovation and why is it important? MTI OPERATIONS R&D AND PROCESS EFFECTIVENESS EFFICIENCY TECHNICAL BUSINESS UNCERTAINTY INVESTIMENT NEW COMMERCIALIZATION PRODUCT PROCESS DEVELOPMENT COLLABORATION … …see you next lesson!
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