The pace of change in the business environment is faster today than ever before in that new technologies and innovations force industries and firms to find new ways to compete and survive. As a practical matter, this rapid pace of change has resulted in an increasing number of engineers and technicians moving beyond technology concerns into management. To meet these demands, a business has been required to manage organizational tasks for technology and innovation productively. To do so, however, is greatly challenging to the most of people who never thought they would need to understand the intricacies of managing technology and innovation.

The strategic management of technological innovation (SMTI), therefore, become a fundamental issue that faces all technology-intensive firms today. In this course, we will explore the strategic approaches to SMTI in the course designed to serve as a managerial guide for technical professionals and business practitioners. This type of approach is needed for engineering and science/technology-based students, providing an integrated view of technology/innovation which interacts with external and internal environments.

This course was developed to meet several goals:
1) To integrate strategy and technology/innovation
2) To make the theoretical and practical understanding of SMTI
3) To provide insight into SMTI as an applied discipline that students are able to use.
4) To learn strategic analyzing tools for building up the technological competitive advantage

No formal prerequisite coursework is required; however, to take this course requires students to have a basic concept of business administration and the strategy-oriented mindset towards technological innovation.

* This course will apply a multidimensional assessment basis for the learning achievement of students
* Total (100%) = Individual Assessments (90%) + Attendance/Learning Participation (10%)

* Individual Assessments (90%)
This assessment set includes quiz (10%) and term exams (80%). The quiz sheet will be distributed after the completion of lecture delivery in the class. Students will also take two examinations (15% for each) to evaluate their own learning achievement and progress during the course.

* Attendance/Learning Participation (10%)
All students are recommended participate actively in the course and learning. Attendance will be evaluated at 10%; being late two times will be counted as one absence, and having three-time absences means that you get failed. Your active participation in learning classes will provide additional score.

기술경영과 혁신전략 / M.A.Schilling / McGraw-HillEducation / 2017 / 9791132101086
기술경영(인간중심의 기술사업화) / 김진우 등 / 박영사 / 2017 / 9791130303253
* References and auxiliary materials will be distributed by the lecturer via PLMS

Week 01(1) [LT] (SMTI) Chapter 1. The Importance of Technological Innovation
Week 02(1) [LT] (SMTI) Team Building for Group Assignment
Week 02(2) [LT] (SMTI) Chapter 2. Source of Innovation
Week 03(1) [LT] (SMTI) Chapter 3. Types and Patterns of Innovation
Week 03(2) [LT] (SMTI) Chapter 5. Timing of Entry
Week 04(1) [LT] (SMTI) Chapter 6. Defining the Organization's Strategic Direction
Week 04(2) [GA] (MOT) Chapter 1. Management of Technology (Team A)
Week 05(1) [LT] (SMTI) Chapter 7. Choosing Innovation Projects
Week 05(2) [GA] (MOT) Chapter 2. Predicting the Technology (Team B)
Week 06(1) [LT] (SMTI) Chapter 8. Collaboration Strategies
Week 06(2) [GA] (MOT) Chapter 3. Technological Opportunity (Team C)
Week 07(1) Midterm Exam
Week 08(1) [LT] (SMTI) Chapter 9. Protecting Innovation
Week 08(2) [GA] (MOT) Chapter 4. Technological Innovation (Team D)
Week 09(1) [LT] (SMTI) Chapter 10. Organizing for Innovation
Week 09(2) [GA] (MOT) Chapter 5. Innovation Strategy (Team E)
Week 10(1) [LT] (SMTI) Chapter 11. Managing the New Product Development Process
Week 10(2) [GA] (MOT) Chapter 6. Technology Development (Team F)
Week 11(1) [LT] (SMTI) Chapter 12. Managing the New Product Development Team
Week 11(2) [GA] (MOT) Chapter 7. Technological Organization (Team A)
Week 12(1) [GA] (MOT) Chapter 8. Valuating the Technology (Team B)
Week 12(2) [LT] (SMTI) Chapter 13. Crafting a Deployment Strategy
Week 13(1) [GA] (MOT) Chapter 9. Marketing the Technology (Team C)
Week 13(2) [GA] (MOT) Chapter 10. Financing the Technology (Team D)
Week 14(1) [GA] (MOT) Chapter 11. Protecting the Technology (Team E)
Week 14(2) [GA] (MOT) Chapter 12. Venturing the Technology (Team F)
Week 15(1) Final Exam

*Note: LT (Lecture), GA (Group Assignment/Team Lecture), SMTI (Strategic Management of Technological Innovation), MOT (Management of Technology)

* In the beginning, the lecturer may assign technology-oriented firms for the case study and group discussion. Students will be required to look at the real-world cases and prepare for the discussion.
* Voluntary answers are highly welcome and will get higher scores. If no volunteers, the called students are asked to answer. Discussion qualities will be graded.
* The lectures will cover the pre-posted or provided lecture materials for each chapter of the textbook. During this step, some questions may be thrown to the students for complementary discussions. Discussion qualities will be also graded.

* Language
- Lectures will be delivered in English. The lectures will be entirely performed in English. English is strongly encouraged for any activities of the class.
- Nevertheless, Korean is somewhat, if necessary, allowed for class questions, homework, and exams although we encourage students strongly to practice English in all the cases.

* Attitude
- Student are recommended to keep classroom etiquette
- Using electronic devices such as phones and laptops is prohibited strongly during the class. Disruptive behaviors including sleeping, reading for pleasure, working on assignments for other classes, and excessive talking are not allowed.
- Violators will be asked to leave the class.