NETW 583 Strategic Management of Technology Complete Course
https://hwguiders.com/downloads/netw-583-strategic-management-technology-complete-course/
NETW 583 Strategic Management of Technology Complete Course
NETW 583 Week 1 Discussion DQ1 & DQ 2 DQ 1 The Importance of Innovation (graded) Why do you think innovation is so important for firms to compete? DQ 2 What Makes People Creative (graded) Identify someone that you feel was very creative. What personality traits did they possess that made them so creative? NETW583 Week 2 Discussion Why Innovative Companies Fail (graded) Why did most of the early (circa 1980-2000) PDA companies fail, even if they had innovative and sophisticated product designs? NETW583 Week 3 Discussion Protecting Innovations (graded) What are the differences between patents, copyrights, and trademarks? NETW583 Week 4 Discussion Core Competency (graded) What makes an ability (or set of abilities) a Core Competency? NETW583 Week 5 Discussion Benefits of Collaboration (graded) What are some of the advantages and disadvantages of collaborating on a development project? NETW583 Week 6 Discussion New Product Development Teams (graded) Identify an example of a development project and what type of team you believe they used. Do you think this was the appropriate type of team given the nature of the project? NETW 583 Week 7 Discussion Pricing Strategy (graded) What factors will (or should) influence a firm’s pricing strategy?
NETW 583 Midterm Exam Answers
Q 1). What are some of the negative impacts that technological innovations have on society? How would you answer critics of improved technologies who cite these negative impacts? Q 2). How has globalization of markets affected the importance of innovations? Q 3). Explain how an understanding of the innovation funnel might influence a company’s view on R&D? Q 4). Why is it that after a product has been on the market for a while and is selling well at a good price point, the price will eventually come down? Q 5). Give examples of how a market with different product niches is served through CAD and CAM? Q 6). Reflect on something you want to innovate to solve a family/personal/work/college problem? Q 7). Reflect on something that you have learned about during the class and has captured your attention and why?
NETW 583 final Exam Answers 1.
Explain how globalization of markets affects the importance of innovation? 2. What are some of the things that influence organizational creativity? 3. Are inventors born or made? 4. How do you know if you should be a first-mover or late-entrant into the market? 5. How do complimentary technologies support/develop an innovation? Give some examples. 6. A venture capitalist is most likely going to provide funding for your innovation if…? 7. Analysis of a company that is highly innovative. 8. What is the danger of not having strategic intent with respect to innovation
Term Project Objectives Term Project DescriptionThe objective is to complete a written plan that will suggest a practical Strategic Direction for a company. You have a choice to use either an existing company or a fictitious company. In either case, the Project is to complete a written plan that will suggest a practical Strategic Direction for the company.This course requires the completion of a comprehensive Strategic Plan. The Plan will have 7 sections. The 6 sections will reflect each of the 6 TCOs plus a bibliography. Each section will be 2 – 3 pages in standard business proposal format. The sections are: 1. Strategy (TCO F) 2. Core Competencies (TCO C) 3. Industry Dynamics (TCO A) 4. Technology Sourcing and Internal Innovation (TCO D) 5. Product Development Strategy (TCO E) 6. Strategy to protect innovations (TCO B) 7. A bibliography listing your references for the project Ideas to Help Prepare the Course Project TCO F – Given an organizational and industry context, identify and suggest a deployment strategy that will facilitate the success of a technologically driven organization.Section 1 – Strategy This is the most important part of the project, because it sets the direction for all other sections. In this section, you establish the strategy for an organization. Often people refer to this component as the “Vision” or “Mission” of a company, but it is not. The Vision for a company
could be that you want to be a market leader. However, the technology strategy tells everyone how you will achieve that market leadership. The technology strategy tells the various stakeholders – employees, customers, community, and stockholders – what you are going to do to achieve that market leadership. This strategy should be very clear and easy to understand so that everyone will be “on the same page” when it comes to working together toward that goal. In this section, you should describe what “SHOULD” be the strategy of a technologically driven company. You should focus specifically on the technology strategy. You should think about all the things we learned in the class that will determine a strategy that will help the company succeed. Remember that you can use either an existing company or a fictitious company. If you choose to use an existing company, you can visit their web site to see if their strategy is listed. Or you can do a web search on their technology strategy to see if anyone has written any stories about their strategy. For a fictitious company, you should make up a technology strategy that fits that type of company. Examples of a Technology Strategy: • Verizon Wireless – Have the best network of all wireless carriers • Honda – Build the best engines • Keller – Deploy the best Internet based on-line and blended education technology, not build it, not own it, but use a 3rd party to provide it • Intel – Have the fastest and most powerful CPUs The key is to be able to describe the strategy in a 1 or 2 sentence summary and in detail as well. The description should start or end with the simple sentence statement of the technology strategy. However, there must be sufficient detail to explain why that is the right strategy. Section 2 – Core Competencies TCO C – Given an organizational and industry context, identify the core technological competencies of the organization. Like all subsequent sections of the project, this section is based on the Strategy Section. Example: • Verizon Wireless Strategy is the having the best Network. Thus, the core competencies will be built around the network. Things like RF Engineers and wireless security experts would be detailed • Intel’s strategy is to build the fastest most powerful CPUs. Thus their core competencies will be built around CPU engineering • Keller’s strategy is to deploy the best on-line education technology. Thus their core competencies would be things like educational technology evaluation and on-line education curriculum development The best way to do this section is to apply the three tests of a core competency (page 123) to the strategy that you detailed in the Strategy Section. Section 3 Industry Dynamics TCO A – Given a company situation be able to describe the industry dynamics of technological innovation. Here you should take the strategy identified in Section 1 and describe in detail why that is the right strategy based on what is occurring in the industry. Provide as much detail as possible as to the industry trends and why you think those trends are important. Section 4 – Technology Sourcing and Internal Innovation TCO D – Given an organizational context, develop a plan to increase the innovative capabilities of the organization both through collaboration strategies and internal innovation. Here you would offer ideas as to what is the best way to “Source” the technology that supports the strategy. A complete discussion about how best to manage the innovative capabilities of the company being described is
required. Section 5 – Product Development Strategy TCO E – Given information about a company’s industry, and organization, formulate a technological innovation strategy through its new product development strategy. Product Development is very important to an organization. This section will describe how the company will structure its product development. Obviously, the kind of structure will be determined directly by the technology strategy stated in Section 1. Section 6 Strategy to protect innovations TCO B – Given a company situation be able to determine whether and how to protect its technological innovations. Using the things learned in the class, describe how you would use patents, trade secrets, copyrights, etc. to protect the Intellectual Property (IP) required to support the strategy. See the Syllabus section “Due Dates for Assignments & Exams” for due date information. Submit your assignment to the Dropbox located on the silver tab at the top of this page. Final Paper Rubric Content 50% Points % Depth of Research 25 25% Scope of Research 25 25% Illustrations 25 25% Use of sound logic 25 25% Total 100 50% Editing 15% Points Deduction (per occurrence) % Spelling Error -2 – Punctuation/Grammatical Error -1 – Sentence Meaning Unclear -2 – Misstatement of Fact -5 – Total (not to exceed) 30 15% Organization 20% Points % Introduction; Thesis statement contains at least two main points 16 8% Body text follows order of topics and main points derived from the thesis statement 8 4% Content subdivisions follow outline 8 4% Conclusion summarizes; complements thesis; contains no new information 8 4% Total (not to exceed) 40 points 20% Documentation 15% Incorrectly cited or missing Points Deduction (per occurrence) % Title page -2 – Abstract -1 – References in text -2 – Bibliography/Works Cited -5 – Total (not to exceed) 30 points 15% Category Totals Possible Points % Content 100 50% Organization and Cohesiveness 40 20% Editing 30 15%
Documentation and Formatting 20 15% Total 200 100%