This course aims to learn the basic concepts, tools and theories related to strategic management of technology.
Technology strategy is the process that firms use their technological resources to achieve corporate objectives. It includes changing the technology portfolio to enable the firm to adapt to changing competitive dynamics and market needs; acquisition of or access to the range of technological skills; managing R&D. The topics covered include, innovation models, sectoral models of innovation, Porter's model, technological competence building strategies, technological diversification strategy, managing R&D, globalization strategy, innovation in knowledge intensive services.
Students will acquire the knowledge and skills related to strategic management of technology including processes of strategic planning, competitor analysis, technology forecasting, technology acquisition, technological competence building in different sectors such as Information communications industry, electronics, knowledge intensive services and aircraft industries.
Strategic planning, Innovation models, Technology strategy, R&D management, Globalization
|✔ Specialist skills||✔ Intercultural skills||✔ Communication skills||✔ Critical thinking skills||✔ Practical and/or problem-solving skills|
The course will be conducted for 1st and 2nd quarters. The students will be taught through active learning. Students will do 3 team presentations, have quizzes, write essays and are encouraged to take part in discussions.
|Course schedule||Required learning|
|Class 1||Orientation||Introduction to the course|
|Class 2||Science and Tech. for the knowledge based economy. Innovation Models||The basic concepts related to the course|
|Class 3||Major Technological Trajectories, Technology Indicators||Understanding the major tech. trajectories and the types of technology indicators|
|Class 4||Product Life Cycle model, Sectoral Patterns of Innovation, Quiz||Understanding the Product Life Cycle model and Sectoral patterns of innovation. Perform a test|
|Class 5||Targets for corporate strategy, The basic ideas of technology strategy||The main approaches related to strategic planning, technology strategy formulation process|
|Class 6||Porter's Model, Blue Ocean Strategy, Competitor Analysis||Porter's model, Blue Ocean strategy will be compared. Techniques for competitor analysis.|
|Class 7||Technological competence building, Diversification strategy||The core competence approach and technological competence building strategy and diversification strategy|
|Class 8||Team presentations||Team presentations on the topics covered in Week 4-7|
No text book
Reading material will be provided
Will be evaluated through a Quiz(20%), Team presentations(50%), Essay(10%) and class participation(20%)
Prior knowledge of economics or management is not required
Students must also take TIM.B419 Strategic Management of Technology Ⅱ
The course is given in English. Active participation is encouraged