ECONOMICS AND FINANCE | |||||
Bachelor | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF-LLL: Level 6 |
Course Code | Course Name | Semester | Theoretical | Practical | Credit | ECTS |
ENM4103 | Technology and Innovation Management | Fall | 3 | 0 | 3 | 6 |
This catalog is for information purposes. Course status is determined by the relevant department at the beginning of semester. |
Language of instruction: | English |
Type of course: | Non-Departmental Elective |
Course Level: | Bachelor’s Degree (First Cycle) |
Mode of Delivery: | Face to face |
Course Coordinator : | Dr. Öğr. Üyesi ALPER CAMCI |
Recommended Optional Program Components: | None |
Course Objectives: | This course focuses on the main subjects in the strategic management of technological innovations. The aim of the course is leading students to understand (i) the importance, nature and impacts of technological innovations (ii) the link between technological innovation strategy and general business strategy (iii) to be informed about the theories and practice of technology innovation management. In this course, the aim is not only to understand the theories of technological innovations but also to discuss the practice of technological innovation. Therefore case studies are important; most of the theoretical parts are followed by case studies. These cases are examples from real world; it is important to read, think about and discuss these examples in the classroom. |
The students who have succeeded in this course; After completing this course students will be able to: I. Develop an awareness of the scope and complexity technological innovations and issues in management of technology. II. Explain some main concepts such as types of innovation, open innovation, product life cycle; technology life cycle; dominant design; path dependency. III. Understand the process of creating technological innovations IV. Be familiar with technological innovation strategy formulation and implementation V. Develop a strategic business thinking towards the use of technology in various sectors. VI. Understand the tools and methods used in management of technology. Some of these tools are integrated into case analyses. |
In this course, first the nature of technological innovations, sources of innovations and the impacts of innovations at firm level will be discussed. Secondly, the evolution of technologies, stages of technological innovations, emergence of dominant design will be reviewed. After that we will focus on firm and firm strategy to develop technological innovations. In that part we will discuss the internal and external capabilities and resources of firms and the role of external linkages to create technological innovations. We will also review some other processes which are directly related to the innovation performance of firms such as managing creativity, R&D management, choosing innovation projects, protecting innovations. Finally we will focus on creating value through technological innovations and the commercialization of innovations . |
Week | Subject | Related Preparation |
1) | Introduction to management of technological innovations, some main concepts | None |
2) | Types of innovations and sources of technological innovations | Text book Chapters 2 and 3. |
3) | The nature of technological changes, emergence of technology standards and dominant design | Text book Chapter 4. Case study. |
4) | Timing of entry for technological innovations | Text book Chapter 5 |
5) | Technological innovation strategy and firm competitive strategy | Text book Chapter 6 |
6) | Internal capabilities to generate technological innovations | Instructor's notes |
7) | External technology-innovation strategy:Innovation networks and lead users | Text book Chapter 8 Instructor's notes |
8) | Midterm exam | Preparation for midterm exam |
9) | Developing and choosing innovation projects | Text book Chapters 7 and 9. |
10) | Managing creativity | Instructor's notes |
11) | Managing new product development process | Textbook Chapter 11. |
12) | Creating value through innovations, commercialization of technological innovations | Instructor's notes |
13) | An overview of technology management actions, tools and methods | Instructor's notes |
14) | Course project presentations | Preparation for project presentations |
Course Notes / Textbooks: | Schilling, Melissa A., Strategic Management of Technological Innovation, McGraw-Hill Irwin, 2010 |
References: | Case studies which will be distributed during the semester. |
Semester Requirements | Number of Activities | Level of Contribution |
Homework Assignments | 4 | % 10 |
Presentation | 1 | % 5 |
Project | 1 | % 15 |
Midterms | 1 | % 30 |
Final | 1 | % 40 |
Total | % 100 | |
PERCENTAGE OF SEMESTER WORK | % 45 | |
PERCENTAGE OF FINAL WORK | % 55 | |
Total | % 100 |
Activities | Number of Activities | Duration (Hours) | Workload |
Course Hours | 14 | 3 | 42 |
Study Hours Out of Class | 11 | 2 | 22 |
Presentations / Seminar | 1 | 5 | 5 |
Project | 1 | 20 | 20 |
Homework Assignments | 4 | 8 | 32 |
Midterms | 1 | 12 | 12 |
Final | 1 | 12 | 12 |
Total Workload | 145 |
No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
Program Outcomes | Level of Contribution | |
1) | Build up a body of knowledge in mathematics and statistics, to use them, to understand how the mechanism of economy –both at micro and macro levels – works. | 3 |
2) | Understand the common as well as distinctive characters of the markets, industries, market regulations and policies. | 2 |
3) | Develop an awareness of different approaches to the economic events and why and how those approaches have been formed through the Economic History and understand the differences among those approaches by noticing at what extent they could explain the economic events. | 1 |
4) | Analyze the interventions of politics to the economics and vice versa. | 3 |
5) | Apply the economic analysis to everyday economic problems and evaluate the policy proposals for those problems by comparing opposite approaches. | 2 |
6) | Understand current and new economic events and how the new approaches to the economics are formed and evaluating. | 2 |
7) | Develop the communicative skills in order to explain the specific economic issues/events written, spoken and graphical form. | 3 |
8) | Know how to formulate the economics problems and issues and define the solutions in a well-formed written form, which includes the hypothesis, literature, methodology and results / empirical evidence. | 2 |
9) | Demonstrate the quantitative and qualitative capabilities and provide evidence for the hypotheses and economic arguments. | 2 |
10) | Understand the information and changes related to the economy by using a foreign language and communicate with colleagues. | 3 |