1. INNOVATION & TECHNOLOGY MANAGEMENT LECTURE 1: INTRODUCTION BAHRIA UNIVERSITY, ISLAMABAD.

2. Let’s get to know each other….. Myself ! Myself ! You ! You ! The Subject ! The Subject !

3. WHO AM I ?  Humayun Akhtar Awan National Engineering & Scientific Commission (NESCOM), Government of Pakistan, Islamabad Programme Mgmt. / Technology Integration  Director – Programme Mgmt. / Technology Integration  Qualifications: -MS (Engineering Management) -BS (Mechanical Engineering) -ISO 9000 QMS Lead Auditor  Prior Experience: Industrial Sales -Allied Engineering & Services Ltd (CATERPILLAR)-Industrial Sales Manufacturing / TQM / QMS -Pakistan Tobacco Company Limited (British American Tobacco – BAT) – Manufacturing / TQM / QMS Quality Management Systems -Freelance Consultant – Quality Management Systems Production / ERP -Packages Limited – Production / ERP – Client Services -JWT Asiatic Advertising – Client Services Production / Quality Assurance -Fauji Foundation – Production / Quality Assurance

4. TRAINING / TEACHING EXPERIENCE -Lead Trainer on Contract / Proposal Management, Supply Chain Management / Project Management and Warehouse Management at Air University, Islamabad -WTO, ITC and UN Trainer on Supply Chain Management -Guest Trainer for NRSP & IRM on Strategic Planning -Visiting Faculty Member / Thesis Supervisor for Post-Grad and Under- Grad (MS, MBA, MPA & BBA) 2006 onwards: -NUST Business School -Iqra University -Fatima Jinnah Women University -Army Public College of Management Sciences -SZABIST, Islamabad -Bahria University, Islamabad -Riphah International University -Air University -Management Development Institute (MDi) -Pakistan Institute of Development Economics (PIDE)

5. Introduce yourself Page 5 I am……………………………... My qualifications ……………. I’ve been working for ….. yrs. I work at ………………………. ………… motivates me most I wish I was……………………. My goals through MS(PM) Goals in LIFE

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7. “Many people dream of success. To me, success can only be achieved through repeated failure and introspection. In fact, success represents the one percent of your work which results only from the ninety-nine percent that is called failure. -Soichiro Honda, founder, Honda Motors 7 Fail your way to Success

8. QUOTE “No organization in the market has an inherent right to do business and prosper; it has to earn that right through strategic planning and remaining competitive by being innovative and being at the cutting edge of its business”. Page 8

9. Page 9 INNOVATION MANAGEMENT

10. Innovation is a process of taking new ideas to satisfied customers. It is the conversion of new knowledge into new products and services. SO, What is INNOVATION???

11. CREATIVITY and INNOVATION are not the same !

12. FORMS OF INNOVATION Radical Innovation Incremental Innovation

13. FORMS OF INNOVATION Radical InnovationIncremental Innovation

14. INNOVATION – MAKING A DIFFERENCE

15. Financial backing to innovation Give opportunities to employees Skillful recruitment policy Information from outside the organization Target being set for innovation Employees should be rewarded INNOVATION STRATEGIES

16. WHAT IS INNOVATION?  Dictionaries and textbooks cannot seem to agree!  A new idea, method, or device  The creation (verb) of something in the mind  A creation (noun) - - a new device or process - - resulting from study and experimentation  The introduction of something new  A creative new idea, method, device, or approach that gives a company an advantage over its competitors  Innovation should have a composite definition: a process whereby a new idea is conceived and detailed in the mind, developed into a physical entity through detailed design, analysis, experimentation, and production, and then introduced to give a company a competitive edge.  In simplest terms, however, innovation is simple change for the better.

17. TECHNOLOGY WAVES 17701840189019401990 cotton iron coal transport steelenergy (oil) Micro electronics mechanisation steam power heavy engineering mass production years Technology Wave Textiles Waterpower Canals Mechanical Engineering Steam engines Machine tools Railways Internal Combustion Engine Electrical & heavy engineering Synthetic dyes Electricity Biotechnology Space Environmental technologies Advanced materials Cars Airlines Petrochemicals Process plants Plastics Motorways Weapons Aluminium Computers Telecomms Software Robotics Internet

18. WHAT IS INNOVATIVE THINKING? -A means of generating innovation to achieve two objectives that are implicit in any good business strategy: -make best use of and/or improve what we have today Dinosaur Syndrome -determine what we will need tomorrow and how we can best achieve it, to avoid the Dinosaur Syndrome. -Innovative thinking has, as a prime goal, the object of improving competitiveness through a perceived positive differentiation from others in: -Design/Performance -Quality -Price -Uniqueness/Novelty

19. WHY DO WE NEED INNOVATION?  Almost all products follow a “life-cycle curve” having a characteristic shape:  If a company does not continue to introduce new products periodically, or at least significant improvements on existing products, it will eventually be on a “going out of business” curve.  Continuing to come up with the “right” product for the market takes a lot of innovation (plus a lot of “perspiration!”).

20. WHAT IS THE “RIGHT” INNOVATIVE PRODUCT?  The right product is one that becomes available at the right time (i.e., when the market needs it), and is better and/or less expensive that its competition.  To have the right product, therefore, one must:  Predict a market need  Envisage a product whose performance and capability will meet that need  Develop the product to the appropriate time scale and produce it.  Sell the product at the right price

21. INNOVATION SHOULD IMPROVE COMPETIVENESS  To be competitive, an innovative idea should result in a positive perceived differentiation to improve competitiveness.  As a few examples will show, however, not all innovation achieves this:

22. SELLABLE INVENTIONS? (1/4)

23. SELLABLE INVENTIONS? (2/4)

24. SELLABLE INVENTIONS? (3/4)

25. SELLABLE INVENTIONS? (4/4)

26. THE TOP INVENTIONS OF THE PAST 50 YEARS Page 26

27.  1955—TV REMOTE CONTROL -designed by Zenith's Eugene Polley  1955—MICROWAVE OVEN -Raytheon's Percy Spencer  1958—JET AIRLINER -Boeing 707-120 Page 27

28.  1961—INDUSTRIAL ROBOT -General Motors  1962—COMMUNICATIONS SATELLITE  1962— Light-emitting Diode LED Page 28

29. SELLABLE INVENTIONS? (5/4) OTHER POSSIBILITIES???  Battery Powered Battery Charger?  Braille TV Guide?  Fireproof Matches?  Solar Powered Flashlight?  Sugar coated Insulin tablet? .....

30. CONCLUSION -Innovation can be productive or wasteful. The secret to success is being able to spot the difference in advance and encourage the former. This should be your goal!!

31. Page 31 TECHNOLOGY MANAGEMENT

32. Page 32 TECHNOLOGY MANAGEMENT  A set of management disciplines that allows organizations to manage its technological fundamentals to create competitive advantage  Typical concepts used in technology management are:  technology strategy (a logic or role of technology in organization)  technology mapping (identification of possible relevant technologies for the organization)  technology roadmapping (a limited set of technologies suitable for business)  technology project portfolio ( a set of projects under development)  technology portfolio (a set of technologies in use).

33. Page 33 TECHNOLOGY MANAGEMENT  The role of the technology management function in an organization is understand the value of certain technology for the organization. Continuous development of technology is valuable as long as there is a value for the customer and therefore the technology management function in an organization should be able to argue when to invest on technology development and when to withdraw.  Technology Management can also be defined as the integrated planning, design, optimization, operation and control of technological products, processes and services,  a better definition would be the management of the use of technology for human advantage.

34. THANK YOU Page 34