Page 1 COURSE OUTLINE Academic Year 2019-20 Semester 1 Course Coordinator Click here to access EEE Course Coordinator’s List Course Code EE5081 (replace course code EE8061 w.e.f. AY2021 Semester 2) Course Title INNOVATION AND TECHNOLOGY MANAGEMENT Pre-requisites Nil No of AUs 3 Contact Hours Lecture 39 hours Proposal Date September 2019 Course Aims In today’s dynamic world, technologies are getting more complex and i nnov ation has become one of the most important engines of global economy. This course intends to provide you with essential concepts of innovation, technology based Entrepreneurship, venture formation and the business plan, legal formation and Intellectual Property (IP), the marketing and sales plan, disruptive technology and imitation strategy, Read Ocean and Blue Ocean strategies, technology commercialization and valuation of firms and Risk Management. You will learn the challenges, tools and principles involved in managing innovation and technology. Intended Learning Outcomes (ILO) By the end of the course, you should be able to: (1) Identify and critically analyze technology and innovation management issues (2) Apply tools and techniques to convert creative ideas into real business (3) Design strategies to identify and manage risks in new ventures. (4) Formulate strategies for radical innovation, innovative marketing approaches and sustainable business. Course Content Overview. Patterns of Technology Development. External Environment. Internal Environment and Processes. Financial Fundamentals, Funding and Risk Management Course Outline S/N Topic Lecture Hours 1 Overview The scope of innovation and technology management, definitions of common terms, types of innovation and technology, common formats for describing technology. 3 2 Patterns of Technology Development Historical view of technological change and its impact, technological trends and the underlying factors, technological breakthrough and new business opportunities, factors that affect the diffusion of innovation. 6 Page 2 3 External Environment National innovation system, sources of innovation, industrial structure and analysis, value chain, market channels, regulatory regime. 6 4 Internal Environment and Processes Resource-based view, core competence, capability and competitive advantage, managing creative and professional people, organizational structure and culture, processes for innovation and product development. 12 5 Financial Fundamentals, Funding and Risk Management Financial statements and financial ratios. Time value of money. Interest formulae. Types of return measures. Definitions of risks. Special financial considerations in innovation and technology management. Strategic methodology to maximise returns and mimimise risks. Bond, stocks, venture capitals and angel funds as sources of funding. Valuation methods. Importance of risk management. Types of financial risk management methods. Derivatives for hedging. Option pricing models. Use of option theory in financial commitment decision-making. Simulation methods to assess financial risk for technology investment. 12 Total hours 39 Assessment (includes both continuous and summative assessment) Component Course LO Tested Related Programme LO or Graduate Attributes Weighting Team/ Individual Assessment rubrics 1. Final Examination 1,2,3,4 EAB SLO * b, c, e, f, g, h, i 60% Individual 2. Continuous Assessment 1(CA1): Quiz1 1,2,3 EAB SLO * b, e 20% Individual 3. Continuous Assessment 2(CA2): Quiz2 1,2,3,4 EAB SLO* c, f, k,l 20% Individual Total 100% * Please refer to Appendix 1 on the EAB accreditation SLOs Mapping of Course SLOs to EAB Graduate Attributes (new requirement to update School database) Course Student Learning Outcomes Cat EAB’s 12 Graduate Attributes* (indicate full/partial/weak moon/blank for the whole course for SLO a-l) (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k) (l) Page 3 EE 508 1 Innovation and Technology Management GER UE ◐ ◐ 1. Identify and critically analyze technology and innovation management issues EAB SLO* b, c 2. Apply tools and techniques to convert creative ideas into real business EAB SLO* ,e, f 3. Design strategies to identify and manage risks in new ventures. EAB SLO* c, i 4. Formulate strategies for radical innovation, innovative marketing approaches and sustainable business. EAB SLO* g, h, k, l Legend: Fully consistent (contributes to more than 75% of Student Learning Outcomes) ◐ Partially consistent (contributes to about 50% of Student Learning Outcomes) Weakly consistent (contributes to about 25% of Student Learning Outcomes) Blank Not related to Student Learning Outcomes Formative feedback CA1 and CA2: The online quiz will include standard and challenging questions based on the course coverage from week 1-6 for CA1 and week 7-11 for CA2 and you will receive instant feedback regarding your answers. You will also be able to do practice quizzes with instant detailed answers, which will provide you useful feedback regarding your understanding of this course. Learning and Teaching approach Approach How does this approach support students in achieving the learning outcomes? LECTURE Lectures conducted for 13 weeks, will cover the material in details. In addition, the course web site will have MCQ based practice quizzes questions posted each week, which will enable you to find out how you are doing in this course. For the wrong answers, you will receive detailed answers, which will, enable you to understand the topics properly. In addition, the course site will have You Tube and other video links and additional study material and case study links provided at the end of each topic, which will enhance and improve your learning. The course website will also contain standard and challenging questions and you will be able to interact with Professor who will guide you through the questions, and you will have many opportunities to interact and ask questions to clarify your doubts either online or in person. TUTORIAL N/A LABORATORY(if any) N/A Page 4 Reading and References Textbook 1. Burgelman et al. Strategic Management of Technology and Innovation 4th Edition, McGraw-Hill, 2004. 2. Dorf Richard C and Byers Thomas H, Technology Ventures : from Idea to Enterprise, 5th Edition, McGraw-Hill, 2017. Reference 1. Joe Tidd, John Bessant Managing Innovation: Integrating Technological, Market and Organizational Change, 5th Edition , Wiley 2013. Course Policies and Student Responsibilities Refer to the following links for: Course policies: http://www.ntu.edu.sg/Students/Undergraduate/AcademicServices/Pages/AcademicUnitSystem(AUS).as px CA guidelines: http://www.eee.ntu.edu.sg/Programmes/CurrentStudents/undergraduate/undergraduatefull- time/Pages/CourseRegistration.aspx Instructions to Examination Candidates: http://www.ntu.edu.sg/Students/Undergraduate/AcademicServices/Examination/pages/instructionstoex amcand.aspx Academic Integrity Good academic work depends on honesty and ethical behaviour. The quality of your work as a student relies on adhering to the principles of academic integrity and to the NTU Honour Code, a set of values shared by the whole university community. Truth, Trust and Justice are at the core of NTU’s shared values. As a student, it is important that you recognize your responsibilities in understanding and applying the principles of academic integrity in all the work you do at NTU. Not knowing what is involved in maintaining academic integrity does not excuse academic dishonesty. You need to actively equip yourself with strategies to avoid all forms of academic dishonesty, including plagiarism, academic fraud, collusion and cheating. If you are uncertain of the definitions of any of these terms, you should go to the academic integrity website for more information. Consult your instructor(s) if you need any clarification about the requirements of academic integrity in the course. Course Instructors Instructor Office Location Phone Email The contact info will be provided to students at the beginning of each semester. Planned Weekly Schedule Page 5 Week Topic Course LO Readings/ Activities 1 The scope of innovation and technology management, definitions of common terms, types of innovation and technology, common formats for describing technology. 1, 2 Lectures week 1 2 Historical view of technological change and its impact, technological trends and the underlying factors. 1,2 Lectures week 2 3 Technological breakthrough and new business opportunities, factors that affect the diffusion of innovation. 1,2,3,4 Lectures week 3 4 National innovation system, sources of innovation. 1,2,3,4 Lectures week 4 5 Industrial structure and analysis, value chain, market channels, regulatory regime. 1,2,3,4 Lectures week 5 6 Resource-based view, core competence, capability and competitive advantage. 1,2,3,4 Lectures week l 6 7 Managing creative and professional people, organizational structure and culture. 1,2,3,4 Lectures week 7 8 Processes for innovation and product development. 1,2 Lectures week 8 9 Financial statements and financial ratios. Time value of money. Interest formulae. Types of return measures. 1,2,3,4 Lectures week 9 10 Definitions of risks. Special financial considerations in innovation and technology management 1,2,3,4 Lectures week 10 11 Strategic methodology to maximize returns and minimize risks. Bond, stocks, venture capitals and angel funds as sources of funding. Valuation methods. 1,2,3,4 Lectures week 11 12 Importance of risk management. Types of financial risk management methods. Derivatives for hedging. 1,2,3,4 Lectures week 12 13 Option pricing models. Use of option theory in financial commitment decision-making. Simulation methods to assess financial risk for technology investment. 1,2,3,4 Lectures week 13 Page 6 Appendix 1: The EAB (Engineering Accreditation Board) Accreditation SLOs (Student Learning Outcomes) a) Engineering knowledge: Apply the knowledge of mathematics, natural science, engineering fundamentals, and an engineering specialisation to the solution of complex engineering problems b) Problem Analysis: Identify, formulate, research literature, and analyse complex engineering problems reaching substantiated conclusions using first principles of mathematics, natural sciences, and engineering sciences. c) Design/development of Solutions: Design solutions for complex engineering problems and design system components or processes that meet the specified needs with appropriate consideration for public health and safety, cultural, societal, and environmental considerations. d) Investigation: Conduct investigations of complex problems using research-based knowledge and research methods including design of experiments, analysis and interpretation of data, and synthesis of the information to provide valid conclusions. e) Modern Tool Usage: Create, select, and apply appropriate techniques, resources, and modern engineering and IT tools including prediction and modelling to complex engineering activities with an understanding of the limitations f) The engineer and Society: Apply reasoning informed by the contextual knowledge to assess societal, health, safety, legal, and cultural issues and the consequent responsibilities relevant to the professional engineering practice. g) Environment and Sustainability: Understand the impact of the professional engineering solutions in societal and environmental contexts, and demonstrate the knowledge of, and need for the sustainable development. h) Ethics: Apply ethical principles and commit to professional ethics and responsibilities and norms of the engineering practice. i) Individual and Team Work: Function effectively as an individual, and as a member or leader in diverse teams and in multidisciplinary settings. j) Communication: Communicate effectively on complex engineering activities with the engineering community and with society at large, such as, being able to comprehend and write effective reports and design documentation, make effective presentations, and give and receive clear instructions. k) Project Management and Finance: Demonstrate knowledge and understanding of the engineering and management principles and economic decision-making, and apply these to one’s own work, as a member and leader in a team, to manage projects and in multidisciplinary environments. l) Life-long Learning: Recognise the need for, and have the preparation and ability to engage in independent and life-long learning in the broadest context of technological change.