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Lesson 3 Notes

BUS 1640 MGT OF Technology and Creativity

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Lesson 3 Notes

BUS 1640 MGT OF Technology and Creativity

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Lesson 3 Notes

Lesson Notes: Factors Affecting Management and Leadership of Technological Innovation


Overview:
Technological innovation is essential for competitiveness and success in the modern business
landscape. Leaders must manage various factors that influence innovation, including
organizational culture, leadership styles, resources, and external market dynamics. This lesson
explores how these factors affect the management and leadership of innovation within
organizations.
Learning Outcomes:
By the end of this lesson, learners will be able to:
Identify and explain key factors affecting technological innovation management and leadership.
Understand the impact of organizational culture, resources, and leadership styles on fostering
innovation.
Analyze how external forces, such as market trends and regulations, influence innovation
strategies.
Propose strategies for overcoming challenges in technological innovation management.
Content:
Internal Factors Influencing Technological Innovation:
Organizational Culture:
Innovative cultures encourage creativity, risk-taking, and openness to change (Martins &
Terblanche, 2003).
Rigid structures and resistance to change may hinder innovation (Ahmed, 1998).
Leadership Styles:
Transformational leaders inspire innovation through vision and motivation (Jung et al., 2003).
Transactional leadership can maintain order but may limit creative thinking (Bass, 1999).
Resources and Capabilities:
Adequate financial and human resources are crucial to driving innovation (Lawson & Samson,
2001).
Skills and expertise within the organization contribute to the successful implementation of new
technologies.
Organizational Structure:
Flexible and decentralized structures promote innovation by enhancing autonomy and decision-
making speed (Burns & Stalker, 1961).
Bureaucratic structures often limit innovation due to hierarchical constraints.
External Factors Influencing Technological Innovation:
Market Trends and Customer Needs:
Innovation strategies must adapt to evolving consumer demands and market trends (Tidd &
Bessant, 2018).
Competitors can drive innovation through pressure to differentiate.
Technological Advances:
Emerging technologies such as artificial intelligence (AI) and the Internet of Things (IoT) are
influencing innovation strategies (Porter & Heppelmann, 2015).
Keeping pace with rapid technological advancements is crucial for maintaining competitiveness.
Government Policies and Regulations:
Compliance with regulations such as intellectual property laws can affect innovation (Blind,
2012).
Government incentives and support can foster innovation efforts (Mazzucato, 2013).
Globalization:
International competition and cross-border collaboration offer new opportunities for
technological innovation (Fagerberg, 2017).
Global standards may require adaptation of innovation strategies to meet diverse market needs.
Overcoming Challenges in Technological Innovation:
Managing resistance to change through effective communication and leadership (Kotter, 1996).
Aligning cross-departmental resources to ensure consistent innovation efforts.
Balancing short-term goals with long-term innovation strategies.
Building external partnerships to gain access to new technologies and ideas (Chesbrough, 2003).
Learning Activities:
Case Study Analysis:
Analyze a real-world case where technological innovation succeeded. Identify internal and
external factors that contributed to or hindered the process, and present findings in class.
Group Discussion:

In groups, discuss how organizational culture affects innovation. Each group should analyze an
organization they are familiar with, considering its innovation-fostering aspects.
Strategy Development Exercise:
Develop strategies for overcoming a specific challenge (e.g., resource limitations or market
uncertainty) in technological innovation. Present these strategies to the class.

References:
Ahmed, P. K. (1998). Culture and climate for innovation. European Journal of Innovation
Management, 1(1), 30-43. https://doi.org/10.1108/14601069810199131
Bass, B. M. (1999). Two decades of research and development in transformational leadership.
European Journal of Work and Organizational Psychology, 8(1), 9-32.
https://doi.org/10.1080/135943299398410
Blind, K. (2012). The influence of regulations on innovation: A quantitative assessment for
OECD countries. Research Policy, 41(2), 391-400. https://doi.org/10.1016/j.respol.2011.08.008
Burns, T., & Stalker, G. M. (1961). The management of innovation. Tavistock.
Chesbrough, H. (2003). Open innovation: The new imperative for creating and profiting from
technology. Harvard Business Press.
Fagerberg, J. (2017). Innovation, economic development, and policy: Selected essays. Edward
Elgar Publishing.
Jung, D. I., Chow, C., & Wu, A. (2003). The role of transformational leadership in enhancing
organizational innovation: Hypotheses and some preliminary findings. The Leadership
Quarterly, 14(4-5), 525-544. https://doi.org/10.1016/S1048-9843(03)00050-X
Kotter, J. P. (1996). Leading change. Harvard Business Review Press.
Lawson, B., & Samson, D. (2001). Developing innovation capability in organisations: A
dynamic capabilities approach. International Journal of Innovation Management, 5(03), 377-400.
https://doi.org/10.1142/S1363919601000427

Martins, E. C., & Terblanche, F. (2003). Building organisational culture that stimulates creativity
and innovation. European Journal of Innovation Management, 6(1), 64-74.
https://doi.org/10.1108/14601060310456337
Mazzucato, M. (2013). The entrepreneurial state: Debunking public vs. private sector myths.
Anthem Press.
Porter, M. E., & Heppelmann, J. E. (2015). How smart, connected products are transforming
companies. Harvard Business Review, 93(10), 96-114.
Tidd, J., & Bessant, J. (2018). Managing innovation: Integrating technological, market and
organizational change (6th ed.). Wiley.

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