Management of Innovation and Technology

Management of Innovation and Technology is designed on a practical framework to provide a forum for participants to develop an awareness of the range, scope, and complexity of the phenomena, issues, and problems related to managing the dynamics of innovation and technology, and to develop the skills required to meet these challenges. As a compulsory subject in the programme recommended to be taken first, it takes a strategic view of innovation and technology by looking at questions such as: (a) How do companies function efficiently while innovating effectively? (b) How should companies link technology adoption decisions to their corporate strategy? (c) How should companies identify innovative ideas that will be successful, and introduce them to the market? (d) How should companies create the most effective organizational structure for managing R&D and technology? and (e) How should companies use such diverse techniques as incubators, spin-outs, alliances, and other traditional technology development approaches.

Technology Transfer and Commericialisation

Successful commercialisation requires a company to do more than jut mastering technology; it must also build complementary assets, address new market needs, and meet challenges from competitors. Technology Transfer & Commercialisation develops and applies a framework for understanding and evaluating the process of positioning a company's intellectual property to the market-technology-commercialisation cycle. As a compulsory subject, it provides participants with an understanding of various concepts by looking at questions such as: (a) How should companies manage their intellectual properties? (b) How should companies manage the technology transfer process and its commercialisation? (c) How to create company spinouts, as tools for planning purposes? and (d) How do science and technology policies such as research institutions and incubation programmes impact the commercialisation of technology?

Technology Audit and Assessment

When adopting new technology, assessing the advantages and limitations is an important consideration. How it fits with the current operational capability is a key to success. Technology is only a means to an end and should be carefully blended with the company's current capabilities. As a compulsory subject, Technology Audit & Assessment is designed to assist participants in determining where a company's opportunities lie concerning the selection, acquisition, and implementation of new technology. This subject is primarily run as project-based, whereby participants are required to apply a systematic approach to conduct an exhaustive assessment of the technological fitness of a selected company to determine future courses of action with respect to both technology adoption and a proper managerial approach. Some of the questions that this subject addresses include; (a) How to assess the present technology portfolio? (b) What are the appropriate technology performance measurement tools? (c) How to perform technology forecasting? (d) How to conduct a technology audit? and (e) How to benefit from the results of technology audits.