Lecture 10-Open Innovation and Technology Transfer
Lecture 10-Open Innovation and Technology Transfer
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Background
Overview
Paradigm shift from labor and capital intensive industries to knowledge and technology Internal development too uncertain, too expensive and too slow for the rapid technological changes in the market Corporations trade in technology in world markets just as they do in other goods and services (DFI International, 1998:93)
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Can be transferred to
Existing R&D projects and developed technology which has already been paid for
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Open Innovation
Trend of shifting away from closed systems to new mode of open systems involving a range of players distributed up and down the supply chain Strong linkage within the innovation process between the external environment of the firm and internal environment
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Technology Transfer
Technology transfer is the application of technology to a new use or user. It is the process by which technology developed from one purpose is employed either in a different application or by a new user. The activity principally involves the increased utilization of the existing science/technology base in new areas of application as opposed to its expansion by means of research and development (Langrish et al., 1982)
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Application
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Level of Learning
Group
Organization
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Tutorial
1. Explain the importance of tacit knowledge to the technology transfer process 2. Explain how a firms internal activities affect its ability to acquire external technology
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Effectiveness in the transfer process. E.g. Staff Expertise Convert into long term organization competitive value. E.g. Allow the organization to compete on the same cost or technology platform Reduce dependency on foreign/exclusive technology. Through the tacit knowledge acquired, these tacit knowledge can position the organization as a more competitive organization. Enhance long term R&D progress. Using the technology acquire, business will be able to leverage on the know how to further innovate the business.
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Staff readiness to adopt external technology e.g. Effective New Technology Training Business cross functional integration and coordination. E.g. Reallocate human resource and adapt to dynamic business environment. Significant changes in overall business processes to accommodate new technology acquisition. Integrating technology into current operations Finance readiness to acquire new technology. E.g. Sufficient cash flow and sustainability of long term business. A form of motivation to retain and enhance value of employees. e.g. Google and Digi empower their staff to be innovative at work place with time allocation for creativity
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