MGT4097 Management Of Innovation And Emerging Technology

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MGT4097 Management Of Innovation And Emerging Technology

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MGT4097 Management Of Innovation And Emerging Technology

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Course Code: MGT4097
University: University Of Glasgow

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Country: United Kingdom

Question:

1. Introduction Present how your research will fit with the Faculty research themes.• Provide a brief, selective and critical review of current literature and key research findings to date:Demonstrate you understand the main debates and issues in this area.We recommend that you do some initial reading in order to develop this literature review. For example, something like The Literature Review: A Step-by-Step Guide for Students by Diana Ridley can be a helpful starting point;  there are other useful literature reviewing guides, some of which are discipline-based.• Identify the research problem you want to address and why are you interested in this.   o What are the broader aims of the carrying out the research?• State your research questions or hypothesis and how this will address any ‘gaps’ in the literature that you have identified.   o These should be sufficiently narrow and specific so as to be achievable within the time frame of a doctoral programme.• Explain why your proposed research is novel and what will be the ‘added value’ to your subject. N.B. You may wish to make these all one section or you may prefer separate introduction, contextualising literature review and aims/questions/hypotheses.
 
2. Intended research designHow will the project be designed to achieve the best findings? Who or what are the sample/target group or organisation? What is your sampling strategy? What data is needed in order to adequately meet the aims of the research? How will data be collected or generated? How do you intend to analyse the data? How will this approach to analysis help you to address your research aims and questions?3. What is your methodology?Is there a broad approach, such as qualitative, quantitative or mixed methods that informs the way the research is to be designed?   o Are there other discipline-related approaches to designing and implementing your intended project?   o How you will use existing theories/approaches to inform your methodology?   o This can include philosophical influences that underpin your methods.   o Why is this design appropriate for addressing your research questions/ hypothesis?Are there any ethical issues that may be relevant at this stage?What problems may you encounter and how will you overcome these?What would be the main stages of your project and how would these relate to each year of your doctoral programme? 

Answer:

1. Introduction
In this modern world of technological applications, it is seen that the manufacturing companies whether small or medium have started to make use of technologies for administrative management. It has been found in the recent studies that companies face many difficulties related to innovation, production and even generation of knowledge while adopting the process to integrate information and communication technologies (Souto 2015). The major factors that contribute to economic growth of companies are considered as innovation, technological improvement as well as technology transfer. Hence, it has been determined that a strategic solution is required for improving capabilities of the manufacturing companies so that they can quickly respond to challenges. This study aims at developing strategic management model for technological innovation in manufacturing companies.
1.2 Critical review of current literature
According to Rothaermel (2015), it is essential to develop a strategic solution so that improvements can be made in capabilities of the companies so that technological innovation can be implemented successfully. A model for strategic management is required so that companies could easily respond to the challenges being faced while integrating information and communication technologies. Innovation is defined by Saebi and Foss (2015), as the development of new products, processes, knowledge as well as services with the help of existing or even new innovative knowledge. Saebi and Foss (2015), has also mentioned that companies are evolving as value chains depending on intangible assets.
Cusumano et al. (2015) has defined innovation as the utilization of new technical and market knowledge along with business models for delivering a new product or even service. Whereas, Dodgson (2018) has stated that Innovation economy is related to producing and generating knowledge and their applications for products, processes as well as services. Hence, the implementation of technological innovation is widely used by companies as the main asset for retaining their competitive advantage. The past studies have provided various models to manage the process of integrating information and communication technologies where a major gap lies with the identification of suitable strategic management model for manufacturing companies.
1.3 Research problem
The focus of this study is on determining the problems that are being faced by manufacturing companies while adopting the process to integrate information and communication technologies. This research will be conducted to mitigate the problems related to practical application of technological innovation for products, processes as well as services in manufacturing companies.
Aims of the research
This study is aimed at developing a strategic management model for technological innovation which will serve as the basis for developing a computational tool. The tool will help to integrate the different phases within the model for strategic management (Hill, Jones and Schilling 2014). This study will help to demonstrate on how the model can be applied for increasing the competitiveness, productivity as well as innovation in manufacturing companies.
1.4 Research questions

What problems are being faced by manufacturing companies while implementing technological innovation?
How problems faced by the manufacturing companies can resolved with the help of strategic management model?
What are the important factors that contributes to innovation for growth of companies?

2. Intended research design
2.1 Research design
The research will be conducted by the help of primary data collection and the sample size for this study is 100 out of which 50 will be employee and 50 will be managers from different manufacturing companies. The sampling strategy that will be followed is random sampling in which data will be collected with the help of survey questionnaires.
2.2 Research methodology
The research methodology that will be followed for this study is Quantitative approach so that statistical analysis can be done to gather outcomes from the research. This approach uses empirical investigation so that desired results can be achieved by preparing survey questionnaires (Lewis 2015). The feedback from participants on the survey questionnaires will form the basis of results so that the research topic can be concluded and desired outcomes can be gained from the research. The data will be collected by taking 100 participants so that validity of the data can be ensured. The results gathered from the study will be used for carrying out the discussion for demonstrating outcomes of the research (Taylor, Bogdan and DeVault 2015). This study will help to solve the problem being faced while implementing technological innovation in manufacturing companies.
2.3 Ethical considerations
The ethical considerations that will be considered for this particular research study are listed as below:
Involvement of participants: The participants will take part in the survey process as per their own will and no internal or external influence is exerted on them. The feedback process arranged by the researchers must follow all the necessary ethical considerations
Anonymity of participants: No such mental and physical harassment will be involved while conducting the research work. The involvement of the third parties must be avoided and all other ethical factors are to be considered by the researchers.
2.4 Problems
The total time estimated for conducting this particular research topic is limited. Basically cross sectional nature of the study the researcher will face time limitation. If the responses gathered from the responses are not valid then the research outcome will fail to meet the research criteria.
2.5 Main stages of the project

Stages

Relation to each year of doctoral programme

Selection of research topic

Preparing the research proposal

Review of current literature

Determining the research gaps

Determining the research problem and research questions

Finding the purpose behind the project

Designing the research methodology

Proposing the methodology to conduct the research

Collection of data from primary sources

Acquisition of data from analysis

Analysis of results

Determining results of the study

Discussion with findings from the gathered data

Demonstrating findings from the study

Concluding the study and providing recommendations

Conclusion of the research topic

Submission of the final project report

Completion of the final project

Conclusions:
In conclusion it can be said that, model for the strategic management is necessary for technological innovation which will serve as the basis for developing a computational tool. Successful conduction of the research topic will help to demonstrate on how the model can be applied for increasing the competitiveness, productivity as well as innovation in manufacturing companies. In addition to this, the research will be conducted to mitigate the problems those are related to practical application of technological innovation for products, processes as well as services in manufacturing companies. Apart from this, this tool will also help to integrate different phases within the model for strategic management.
References:
Cusumano, M.A., Kahl, S.J. and Suarez, F.F., 2015. Services, industry evolution, and the competitive strategies of product firms. Strategic management journal, 36(4), pp.559-575.
Dodgson, M., 2018. Technological collaboration in industry: strategy, policy and internationalization in innovation (Vol. 11). Routledge.
Hill, C.W., Jones, G.R. and Schilling, M.A., 2014. Strategic management: theory: an integrated approach. Cengage Learning.
Lewis, S., 2015. Qualitative inquiry and research design: Choosing among five approaches. Health promotion practice, 16(4), pp.473-475.
Rothaermel, F.T., 2015. Strategic management. McGraw-Hill Education.
Saebi, T. and Foss, N.J., 2015. Business models for open innovation: Matching heterogeneous open innovation strategies with business model dimensions. European Management Journal, 33(3), pp.201-213.
Souto, J.E., 2015. Business model innovation and business concept innovation as the context of incremental innovation and radical innovation. Tourism Management, 51, pp.142-155.
Taylor, S.J., Bogdan, R. and DeVault, M., 2015. Introduction to qualitative research methods: A guidebook and resource. John Wiley & Sons.

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