Innovation and Technology Management

This course explores the fundamental concepts, processes, and practices of innovation and technology management for the competitive business scenario. S tudents will learn to examine how innovation drives competitive advantages, productivity, and organizational transformation in the era of dig ital disruption. The course comprehends frameworks and tools for managing innovation strategically and teaches students to understand technology life cycles and implement the innovation process effectively. It emphasized integration of technology, creativi ty, and strategic thinking to foster sustainable innovation in products, services, and processes. Course Outcomes Upon successful completion of the course, the following outcomes are expected: Cognitive domain: Students will be able to define, understand, and differentiate different aspects of the course, such as concepts, types, processes, relationships, significance, and impact, covering all six levels of learning outcomes suggested by Bloom’s taxonomy. Skill development: It will e nhance critical, analytical, and creative thinking competencies, such as innovation opportunities and technology trends , applying innovation management tools , working collaboratively in groups to design and evaluate innovative business models or technology solutions , and communicating innovative concepts, project ideas, and strategic recommendations effectively. Application focus: The course enhances students’ problem-solving, innovation project design, and entrepreneurial creativity , s uch as applying the innovation process , formulating strategies for managing technological change and digital transformation , integrating innovation management frameworks into decision -making processes , and utilizing technology forecasting and portfolio man agement techniques to guide investment and R&D decisions. Industry relevance: The course will a lign students’ understanding with modern business demands for innovative leadership and adaptive thinking such as relating theoretical innovation concepts to real -world business practices across industries , e xamining emerging technologies and their implications for business model innovation , a ssessing how innovation and technology management contribute to competitive advantag e in a globalized economy , and evaluating ethical, social, and sustainability challenges associated with technology-driven innovation.

The major objectives of the course are to enable students to explore the nature and drivers of innovation and technology management; explain the scope of advancing innovation and technology in business competitiveness; identify various types of innovation and the innovation process; examine technology management frameworks and strategies for technological change; scrutinize factors faci litating innovative culture in organizations; apply innovation and technology management tools to real -world business scenarios; formulate innovative strategies that enhance business performance. Course Description This course explores the fundamental concepts, processes, and practices of innovation and technology management for the competitive business scenario. S tudents will learn to examine how innovation drives competitive advantages, productivity, and organizational transformation in the era of dig ital disruption. The course comprehends frameworks and tools for managing innovation strategically and teaches students to understand technology life cycles and implement the innovation process effectively. It emphasized integration of technology, creativi ty, and strategic thinking to foster sustainable innovation in products, services, and processes. Course Outcomes Upon successful completion of the course, the following outcomes are expected: Cognitive domain: Students will be able to define, understand, and differentiate different aspects of the course, such as concepts, types, processes, relationships, significance, and impact, covering all six levels of learning outcomes suggested by Bloom’s taxonomy. Skill development: It will e nhance critical, analytical, and creative thinking competencies, such as innovation opportunities and technology trends , applying innovation management tools , working collaboratively in groups to design and evaluate innovative business models or technology solutions , and communicating innovative concepts, project ideas, and strategic recommendations effectively. Application focus: The course enhances students’ problem-solving, innovation project design, and entrepreneurial creativity , s uch as applying the innovation process , formulating strategies for managing technological change and digital transformation , integrating innovation management frameworks into decision -making processes , and utilizing technology forecasting and portfolio man agement techniques to guide investment and R&D decisions. Industry relevance: The course will a lign students’ understanding with modern business demands for innovative leadership and adaptive thinking such as relating theoretical innovation concepts to real -world business practices across industries , e xamining emerging technologies and their implications for business model innovation , a ssessing how innovation and technology management contribute to competitive advantag e in a globalized economy , and evaluating ethical, social, and sustainability challenges associated with technology-driven innovation.