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Lecturer
Dr L Mortara, Dr Rob Phaal, Dr Clive Kerr, Prof Tim Minshall, Prof. F. Tietze, Prof Rick Mitchell
Timing and Structure
Michaelmas term. Eight sessions incorporating speakers. Assessment: 100% coursework. The Lectures will be held in LT1 and will not be recorded. A video, tailored for online learning, will be made available on Panopto every week
Aims
The aims of the course are to:
- provide students with an understanding of the ways in which technology is brought to market by focusing on key technology management topics from the standpoint of an established business
- place emphasis on frameworks and methods that are both theoretically sound and practically useful.
- provide students with both an understanding of the challenges and the practical means of dealing with them in an engineering context.
Objectives
As specific objectives, by the end of the course students should be able to:
- have a thorough appreciation of how technology is used to address market opportunities, and how technology management supports that process
- assess and utilise appropriate technology management methods in different contexts
- understand the core challenges of technology management and the practical means of dealing with them in an engineering context
Content
Introduction: Technology in the business context
- The objectives, content and procedure of the course.
- Technology in organisations and markets.
- How technology is managed to generate value – the link between technology and innovation.
- What are technology management processes and how are they used?
Strategic Technology Management: How do companies plan for future technology progression?
- Strategic technology management.
- Planning for the future by linking technology, product and market considerations - Technology Roadmapping (TRM).
- Scenario planning tools to help manage the uncertainties of the future.
Identification: How do companies keep up with scientific and technological developments?
- Technology intelligence and its role for organisations.
- Technology intelligence systems.
- How do the technology intelligence systems operate: the process.
Selection: How to select the right technology for the future?
- Selecting technology investments: specific problems.
- Tools and techniques for technology selection.
- How do companies manage a portfolio of R&D projects?
Acquisition: Different routes to acquire technology from partners
- The process of technology acquisition.
- Defining the motivation and what we want to acquire (e.g. Make or buy?).
- Assessing the match (Internal drivers, technology and partners’ characteristics).
- Deciding the setup of the acquisition.
Protection: Protecting technology to ensure future business opportunities
- The relevance of intellectual property (IP) in today’s technology and business context.
- How to manage and enforce IP strategically for technology related business problems.
- How to organize for effective IP management.
Exploitation: Making money from new technologies: How to choose the right business model
- What are the different ways in which an idea can be brought to market?
- Why do most innovations reach the market through new firms rather than established firms?
- How do new and established firms work together?
Technology managers:lessons from the trenches
· Invited speaker(s) will reflect on their experience in technology management: Topics covered include.
· Managing technology in organisations.
· Managing technology and innovation projects.
· The job of the technology manager.
REFERENCES
Additional resources for this module will be available from the course Moodle page.
Further notes
The order of lectures and lecturers might change at short notice. Please refer to the Moodle page for the latest update
Coursework
The coursework objective is for the students to demonstrate knowledge of the technology management approaches and tools explored in class by applying this understanding to a specific context (e.g. a company that is facing an emerging technology). Information on the specifics will be shared with the class at the start of the module. The context will be the basis to draft the coursework which reflects on technology management practices and approaches which could be relevant for managers, drawing upon module material supplemented with students' own research on both industrial practice & academic theory. The details of the coursework will be discussed in class at the start of the course.
| Coursework | Format |
Due date & marks |
|---|---|---|
|
Coursework Learning objective:
Your report and presentation will be assessed using the following criteria: −Application– Does the report illustrate an understanding and an ability to apply the technology management principles to specific situations, and consider alternative approaches? − Material –Does the report illustrate understanding of the material presented in the lectures and in the key readings? Is there evidence of additional reading and deepening of the concepts covered? −Organisation– Are the messages of the report clearly articulated? Do they clearly explain, in a substantiated way, how the technology management tools/approaches and practices work, and have been applied or could be applied? −Presentation– Is the document itself well presented, clearly structured, with appropriate referencing of supporting evidence, following the guidelines? |
Individual Details to be confirmed
Anonymously marked |
Friday 13th January 2023, 12:00 (noon) 100% of assessment for this module
|
Booklists
Please refer to the Booklist for Part IIB Courses for references to this module, this can be found on the associated Moodle course.
Examination Guidelines
Please refer to Form & conduct of the examinations.
UK-SPEC
This syllabus contributes to the following areas of the UK-SPEC standard:
Toggle display of UK-SPEC areas.
GT1
Develop transferable skills that will be of value in a wide range of situations. These are exemplified by the Qualifications and Curriculum Authority Higher Level Key Skills and include problem solving, communication, and working with others, as well as the effective use of general IT facilities and information retrieval skills. They also include planning self-learning and improving performance, as the foundation for lifelong learning/CPD.
IA1
Apply appropriate quantitative science and engineering tools to the analysis of problems.
IA2
Demonstrate creative and innovative ability in the synthesis of solutions and in formulating designs.
KU1
Demonstrate knowledge and understanding of essential facts, concepts, theories and principles of their engineering discipline, and its underpinning science and mathematics.
KU2
Have an appreciation of the wider multidisciplinary engineering context and its underlying principles.
S1
The ability to make general evaluations of commercial risks through some understanding of the basis of such risks.
S2
Extensive knowledge and understanding of management and business practices, and their limitations, and how these may be applied appropriately to strategic and tactical issues.
P3
Understanding of contexts in which engineering knowledge can be applied (e.g. operations and management, technology, development, etc).
P5
Awareness of nature of intellectual property and contractual issues.
US4
An awareness of developing technologies related to own specialisation.
Last modified: 08/02/2023 16:29