With the rapid changes of the technology has made innovation as one of the most important factors for organizations to succeed and grow. However, to progress through innovation, organizations faces many external and internal challenges ahead. Many managers are concerned that creativity will distract staff from their routine roles. As a consequence, about 37% of workers do not feel encouraged to take chances or pursue new ideas. Once staff are motivated, they still need to feel inspiration to innovate.
Once their new product ranges have reached success, many organizations face complacency. One of the greatest hindrances to potential innovation can be the fear of attracting investment, capital or consumer interest from current offerings. It’s important to be conscious of and prepare for these challenges when launching innovation initiatives. Building a strong culture of innovation in organizations not only helps to avoid these obstacles, but also to guarantee that every employee has a strategic emphasis on innovation. To learn more, this module will be suitable for you as an industry player and as a student. It will equip readers, particularly students to understand the fundamentals of how to manage technology.
This module will cover on the introduction of management of technology, the role of technology in the creation of wealth, critical factors in managing technology, technology life cycle, technological innovation, and technology strategy, technology planning and strategy tools, technology forecasting, technology transfer, technology absorption and technology deployment.
Hope this module can guide you towards success in managing your technology!