The Management of Technological Innovation: Strategy and Practice / Edition 2

The Management of Technological Innovation: Strategy and Practice / Edition 2

by Mark Dodgson, David M. Gann, Ammon Salter
     
 

ISBN-10: 0199208530

ISBN-13: 9780199208531

Pub. Date: 04/15/2008

Publisher: Oxford University Press

The Management of Technological Innovation (MTI) is one of the most important challenges facing businesses today. Innovation has become the fundamental driver of competitiveness for firms of all sizes in virtually all business sectors and nations.

The first edition of this book has become one of the most popular texts for students of innovation and technology

…  See more details below

Overview

The Management of Technological Innovation (MTI) is one of the most important challenges facing businesses today. Innovation has become the fundamental driver of competitiveness for firms of all sizes in virtually all business sectors and nations.

The first edition of this book has become one of the most popular texts for students of innovation and technology management. This new edition sees David Gann and Ammon Salter join Mark Dodgson as authors, drawing on their combined experience of 60 years of researching and teaching MTI. It combines the most relevant theoretical analysis with contemporary and historical empirical evidence to provide a comprehensive, yet concise and readable, guide to the challenges of MTI.

By explaining the innovation process the book reveals the broad scope of MTI and its importance for company survival, growth and sustainability. It describes how MTI has to be managed strategically and how this is successfully achieved by formulating and implementing strategy and delivering value. Chapters provide frameworks, tools and techniques, and case studies on managing: innovation strategy, communities, and networks, R&D, design and new product and service development, operations and production, and commercialization.

Based on robust analysis, the book provides a wide range of empirical evidence from a huge diversity of case studies, with around fifty case studies newly written for this edition. It analyses MTI in all parts of the world, in companies large and small, and in services, manufacturing, and resource-based business sectors.

This new edition has been fully revised and updated to reflect the latest teaching and research, and to ensure its continuing relevance to the contemporary world of MTI. It will be an important resource for academics, students, and managers throughout the world, is a recommended text for students of innovation and technology management at postgraduate and undergraduate level, and is particularly valuable for MBA courses.

Product Details

ISBN-13:
9780199208531
Publisher:
Oxford University Press
Publication date:
04/15/2008
Edition description:
Revised
Pages:
408
Product dimensions:
9.60(w) x 7.40(h) x 0.90(d)

Table of Contents

List of Figures xviii

List of Tables xx

List of Boxes xxi

Abbreviations xxiv

1 What is the Management of Technological Innovation and Why is it Important? 1

Introduction 1

Why is MTI so important? 5

The challenges of MTI 10

Case studies in MTI 11

Summary and conclusions 23

2 The Business Context for the Management of Technological Innovation 25

Introduction 25

The changing nature of industry and business 25

Business and innovation systems 32

The changing nature of management 41

Globalization 48

Summary and conclusions 52

3 Technological Innovation 54

Introduction 54

Types and extent of innovation 54

Managing incremental and radical innovation 57

The changing nature of the innovation process 60

The fifth-generation innovation process 63

Sources of innovation 69

Measuring innovation 76

Outcomes of innovation 84

Summary and conclusions 92

4 Innovation Strategy 94

Introduction 94

What is an innovation strategy? 95

Why is innovation strategy important? 99

Innovation strategy in practice 99

Types of innovation strategy 103

Formulating an innovation strategy 106

Building innovative capabilities 108

Returns from innovation strategy 122

Innovation strategy in SMEs 126

Summary and conclusions 131

5 Networks and Communities 133

Introduction 133

What are networks and why are they important? 133

Scientific networks 135

Social capital 136

Harnessing users for innovation 141

Technological collaborations 147

Why do firms collaborate to develop technology? 147

The extent of technological collaboration 149

The challenges of managing technological collaboration 150

Organizational learning in networks andcommunities 155

Trust in networks and communities 157

Summary and conclusions 159

6 The Management of Research and Development 160

Introduction 160

Why do firms do R & D? 160

Patterns of R & D expenditure 162

Organizing R & D 165

Managing research teams 171

Managing creativity in research 177

Balancing research portfolios 180

Managing international R & D 186

Summary and conclusions 195

7 The Management of Product and Service Innovation 197

Introduction 197

What is a product or service innovation? 197

The potential benefits of PSI 199

Failure in PSI 202

Encouraging successful PSI 207

The role of design in PSI 224

Summary and conclusions 234

8 Innovation in Operations and Processes 235

Introduction 235

What are operations? 235

The innovation-operations conundrum 238

Importance of operations for delivering innovation 239

Industry, technology, and markets 240

Techniques of operations and production management 241

Lean production 246

Automation 248

Investment appraisal techniques 252

The internal integration of operations and production 253

The external integration of operations and production 255

Innovation in processes 259

Summary and conclusions 266

9 Delivering Value from Innovation 267

Introduction 267

Positioning in the value chain 267

Private and social returns to innovation 269

Selecting paths to market 270

How to commercialize 282

Standards 296

Marketing technology products/downstream support 300

Technology transfer 303

Summary and conclusions 306

10 Five Future Challenges 307

Managing technology-based competition 307

Managing the new innovation process 312

The role of government 315

The role of basic research 318

Sustainable business 321

Bibliography 327

Index 355

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