Provide your opinion why the innovation matters and analysis, insight, and commentary

MBA 603

Professor Fellows

Syllabus (1 of 2)

CLEVELAND STATE UNIVERSITY Monte Ahuja College of Business

Department of Operations and Supply Chain Management Spring 2023

COURSE: Management of Innovation and Technology ASSIGNMENT: Innovation Article Summaries

(75 points per summary/25 Discussion, possible 250 points)

DUE:

Part 1 Summary – 6:00 pm, Monday, February 13, 2023

Part 2 Summary – 6:00 pm, Monday, March 20, 2023

Part 3 Summary – 6:00 pm, Monday, April 24, 2023

Innovation Article Summaries (75 points per summary/25 Discussion, possible 250 points)

Every day, someone somewhere is innovating. Our world is advancing much faster than we can

keep up. These article summaries and ensuing discussions are designed to provide the practical

application of the material covered in this course and a way for us to stay current on trends and

themes about managing innovation and technology. You are not asked to write a scholarly article but

to seek and report on current activities in the world of innovation.

Students will produce, in their own words:

• (3) Innovation Article Summaries, one article for each part of the text:

o Part 1: Industry Dynamics of Technological Innovation

o Part 2: Formulating Technological Innovation Strategy

o Part 3: Implementing Technological Innovation Strategy

• Each summary must include a summary of the article (link to the article needs to be included)

and why it is of interest or significance as it relates to the course with chapter identified (give

your opinion why the innovation matters)

• Articles must be from respected, credible outlets for information. A link or citation must

accompany the Summary for reading. Research paper abstracts from scholarly academic

sources are not considered Articles for this assignment

• Pose (2) critical questions the article provokes related to innovation development. These

questions will be answered by the class session for that chapter.

• Students must lead (1) discussion of your Article Summary during the corresponding chapter.

MBA 603

Professor Fellows

Syllabus (2 of 2)

PART A – Original Articles (75 possible points each)

• Students will produce, in their own words, total of three Innovation Article Summaries this

semester. One summary per each Part(section) of the text/course:

o Part 1: Industry Dynamics of Technological Innovation

o Part 2: Formulating Technological Innovation Strategy

o Part 3: Implementing Technological Innovation Strategy

• Each Innovation Article Summary must be submitted on Blackboard prior to the class session

for that corresponding chapter. Priority for discussion will be based on submission.

• Adress why the article is of interest or significance as it relates to the course, identifying the

chapter Article Summaries must include the chapter being referenced and addressed by the

article

• Provide your opinion why the innovation matters and analysis, insight, and commentary

• For example, an article detailing Disney’s Imagineering would be significant for Part Three

Chapter 12, “Managing New Product Development”

o https://d23.com/6-imagineers-share-the-disney-experiences-that-led-them-to-their-

dream-jobs/

• Pose a minimum of (2) critical questions the article provokes and be prepared to lead your

colleague in discussion around their answers. Think of these being like discussion questions

posed at the end of each chapter to spark conversation

PART B – Discussion (25 possible points)

• Lead class discussion on one of your chosen summary submissions.

• Discussions should include the questions posed and curating the ensuing conversation

• You are expected to answer questions posed by your colleagues to the best of your knowledge

and ability.

Provide your opinion why the innovation matters and analysis, insight, and commentary

Introduction

You’ve probably heard that it’s important to provide reasons for why your innovation matters. This is especially true when you want to convince others of the value of what you’re doing. In this case, I’ll explain why I think the innovation matters and then offer some analysis, insight, and commentary on why this innovation makes sense as an investment or business model:

The innovation improves the quality of life for the people.

The innovation improves the quality of life for the people. It helps them to be happier and healthier, more productive, safer and secure.

The innovation creates jobs in the economy.

The innovation creates jobs in the economy.

A lot of people think that when you have an innovation, it will create jobs for people who are not trained for the job or are not paid enough to make ends meet. But that’s not true! There are many types of innovations, and many different ways to create jobs in your economy. For example:

• A farmer could use a new seed variety instead of buying seeds from other farmers or companies; this would save him money while increasing his yields on his land (and eventually allowing him to hire more workers).
• A company might develop new technology that allows them to produce goods more efficiently than their competitors; this means they can sell more cheaply than before so their customers have no choice but buy from them because they’re cheaper than their competitors’ products!

The innovation is cheaper than other alternatives.

• The innovation is cheaper than other alternatives.
• The innovation is cheaper than the current alternative.
• The innovation is cheaper than the alternative that was previously used, or would have been used had it not been discontinued or replaced by a different one (e.g., we switched from paper-based to electronic records, which was much more expensive).
• In all cases where an existing product has been replaced with a newer version that offers significant advantages over its predecessor, this may also be considered as an example of “innovation.”

The innovation is more convenient than other alternatives.

The innovation is more convenient than other alternatives.

This means that it’s easier to use, or less inconvenient for the user. It also means that your business will be able to get more out of it, and your customers will be happier with their experience.

In addition to convenience, this can also mean improving environmental impact and efficiency of an existing product or service: by reducing wait times at checkouts, increasing throughput in production lines or speeding up delivery times by using drones instead of trucks (or both).

The innovation requires less energy to create and operate than other alternatives.

The innovation requires less energy to create and operate than other alternatives.

Energy is a big part of the cost of an innovation, and it’s also one of the most important factors in determining its success. You can reduce your energy use by using less or more of it per unit of output–for example, if you have a car that gets 20 miles per gallon (mpg), then driving less will help keep costs down as well as reducing carbon emissions from gasoline burned at higher rates than necessary.

Don’t forget to answer why this innovation matters!

Don’t forget to answer why this innovation matters!

Don’t forget to answer why you think it is innovative!

Don’t forget to answer why you think it is important!

Don’t forget to answer why you think it is a good idea, and how it will benefit society at large.

Conclusion

It is important to consider the innovation in terms of its impact on the people, jobs, and economy.