Classification: JHAH: Non Business Use
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Kingdom of Saudi Arabia
Ministry of Education
Saudi Electronic University
College of Administrative and Financial Sciences
Assignment 1
Management of Technology (MGT 325)
Due Date: 9th March 2024 @ 23:59
Course Name: Management of Technology
Student’s Name:
Course Code: MGT325
Student’s ID Number:
Semester: 2nd
CRN:
Academic Year:2023-24
For Instructor’s Use only
Instructor’s Name: Dr. XXXXXXXXXXXXXX
Students’ Grade: 00 /10
Level of Marks: High/Middle/Low
Instructions – PLEASE READ THEM CAREFULLY
• The Assignment must be submitted on Blackboard (WORD format only) via allocated
folder.
• Assignments submitted through email will not be accepted.
• Students are advised to make their work clear and well presented, marks may be
reduced for poor presentation. This includes filling your information on the cover page.
• Students must mention question number clearly in their answer.
• Late submission will NOT be accepted.
• Avoid plagiarism, the work should be in your own words, copying from students or
other resources without proper referencing will result in ZERO marks. No exceptions.
• All answered must be typed using Times New Roman (size 12, double-spaced) font.
No pictures containing text will be accepted and will be considered plagiarism).
• Submissions without this cover page will NOT be accepted.
Classification: JHAH: Non Business Use
Course Learning Outcomes-Covered
? Recognize the dynamics and the importance of managing technological innovation
strategically. (LO 1)
Reference Source:
Textbook:Schilling M.A (2020),Strategic Management of Technology Innovation (6th Edition). McGraw Hill Education. Electronic Version: ISBN-13: 978-1260087956 ISBN-10:
1260087956, Printed Version: ISBN-13: 978-1260087956 ISBN-10: 1260087956
Weight: 10 Marks
Students are required to refer to chapter 1 ‘Introduction’ of their textbook.
Clear understanding of the chapter along with continuous critical analyzation of each
topic and subtopic is highly recommended.
Based on the knowledge and information gathered by referring to the textbook and the
students own thorough research write a detailed report on “Analyzing the Impact of
Technological Innovation in KSA”
In a detailed report of 1500-2000 words, critically analyse the role of technological
innovation in the socio-economic development of the Kingdom of Saudi Arabia. Your report
should focus on how technological advancements have influenced various sectors such as
energy, education, healthcare, and urban development in KSA. Additionally, evaluate the
potential future impacts of technology on Saudi society, considering both opportunities and
challenges.
Guidelines:
Introduction (1 marks):
? Briefly introduce the concept of technological innovation.
? Highlight its importance in the global context and its relevance to KSA.
Historical Context (2 marks):
Classification: JHAH: Non Business Use
? Provide an overview of KSA’s technological landscape before the initiation of Vision
2030.
? Discuss the government’s initiatives to promote technological innovation as part of
Vision 2030.
Impact (3 marks):
? Economic Development: Discuss how technological innovations have contributed to
diversifying the economy beyond oil, focusing on sectors like renewable energy,
tourism, and digital infrastructure.
? Societal Impact: Analyse the effects of technological advancements on education,
healthcare, and urban living in KSA. Include examples of significant technological
projects or initiatives.
Challenges and Opportunities (2 marks):
? Identify and discuss the challenges KSA faces in implementing technological
innovations, such as resource allocation, skill gaps, and cultural resistance.
? Highlight the opportunities that technological advancements present for KSA’s future,
including job creation, international collaboration, and sustainable development.
Conclusion and Recommendations (1 mark):
? Summarize your findings and propose recommendations for KSA to maximize the
benefits of technological innovation while mitigating potential drawbacks.
References (1 Mark)
? Cite at least five reputable sources to support your arguments and claims.
? Use proper citation formatting.
Directions:
? All students are encouraged to use their own words.
? The assignment should be approximately 1500-2000 words in length.
? Use Saudi Electronic University academic writing standards and APA style
guidelines.
? Use proper referencing (APA style) to reference, other styles will not be accepted.
? Support your submission with course material concepts, principles, and theories from
the textbook and at least two scholarly, peer-reviewed journal articles unless the
assignment calls for more.
? It is strongly encouraged that you submit all assignments into the safe assignment
Originality Check prior to submitting it to your instructor for grading and review the
grading rubric to understand how you will be graded for this assignment.
STRATEGIC MANAGEMENT OF
Technological
Innovation
Sixth Edition
Melissa A. Schilling
©2020 McGraw-Hill Education. All rights reserved. Authorized only for instructor use in the classroom. No reproduction or further distribution permitted without the prior written consent of McGraw-Hill Education.
Chapter 1
Introduction
1-2
©2020 McGraw-Hill Education
Importance of Technological
Innovation
1
Technological innovation now the single most
important driver of competitive success in many
industries.
• Many firms earn over one-third of sales on products
developed within last five years.
• Product innovations help firms protect margins by
offering new, differentiated features.
• Process innovations help make manufacturing more
efficient.
1-3
©2020 McGraw-Hill Education
Importance of Technological
Innovation
2
Advances in information technology have
enabled faster innovation.
• CAD/CAM systems enable rapid design and shorter
production runs.
Importance of innovation and advances in
information technology have lead to:
• Shorter product lifecycles (more rapid product
obsolescence).
• More rapid new product introductions.
• Greater market segmentation.
1-4
©2020 McGraw-Hill Education
Impact on Society
Innovation enables a wider range of goods and
services to be delivered to people worldwide.
• More efficient food production, improved medical
technologies, better transportation, etc.
• Increases Gross Domestic Product by making labor
and capital more effective and efficient.
• However, may result in negative externalities.
• For example, pollution, erosion, antibiotic-resistant
bacteria.
1-5
©2020 McGraw-Hill Education
Innovation by Industry:
The Importance of Strategy
Successful innovation requires carefully crafted strategies and
implementation processes.
Innovation funnel.
•
Most innovative ideas do not become successful new products.
• For example, The New Product Development Funnel in Pharmaceuticals.
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©2020 McGraw-Hill Education
1-6
The Strategic Management of
Technological Innovation
1
Part One: The foundations of technological Innovation.
• Sources of innovation.
• Types and patterns of innovation.
• Standards battles and design dominance.
• Timing of Entry.
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©2020 McGraw-Hill Education
1-7
The Strategic Management of
Technological Innovation
2
Part Two: Formulating Technological Innovation Strategy.
•
•
•
•
Defining the organization’s strategic direction.
Choosing innovation projects.
Collaboration strategies.
Protecting innovation.
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©2020 McGraw-Hill Education
1-8
The Strategic Management of
Technological Innovation
3
Part Three: Implementing Technological Innovation Strategy.
•
Organizing for innovation.
•
Managing the new product development process.
•
Managing new product development teams.
•
Crafting a deployment strategy.
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©2020 McGraw-Hill Education
1-9
Discussion Questions
1. Why is innovation so important for firms to
compete in many industries?
2. What are some of the advantages of
technological innovation? Disadvantages?
3. Why do you think so many innovation
projects fail to generate an economic return?
1-10
©2020 McGraw-Hill Education
Part One: Industry Dynamics of
Technological Innovation
The sources from which innovation arises, including the role of
individuals, organizations, government institutions, and
networks.
Types of innovations, and common industry patterns of
technological evolution and diffusion.
The factors that determine whether industries experience
pressure to select a dominant design, and what drives which
technologies dominate others.
Effects of timing of entry, and how firms can identify (and
manage) their entry options.
1-11
©2020 McGraw-Hill Education.