Managing Innovation & Technology Transfer

Running Head: MANAGING INNOVATION
Managing Innovation & Technology Transfer

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MANAGING INNOVATION
Executive Summary
The entrance of any new information system or modification in any existing one can be look
as innovation. In every case the outcome is something which can be seen as new product by
missing of existing or introducing a whole new product. Most proposing theory of innovation
of technological is Analytical Hierarchy theory. Some other theories are technological
factors, analysis of data, and findings then suggestions on research, actor’s theory and so on.
This report analysis and compare the different techniques of innovation or modification of
product. After this there is an example of Intel is taken to show that how methodology helps
in managing innovation and transfer of technology. This report aims to identify how different
theories and technology transfer helps the company in innovation of a product. After
everything there is suggestion basis on these theories that which one theory will best to adopt
in managing innovation and technology transfer for the development of the company and its
long term success.

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MANAGING INNOVATION
Contents
Executive Summary...................................................................................................................1
Introduction................................................................................................................................3
Approaches for innovation & technology transfer.....................................................................4
Research Methodology...............................................................................................................5
Research Design.....................................................................................................................5
Research strategy...................................................................................................................5
Data Collection Method.........................................................................................................6
Analytical approach...................................................................................................................6
Result and analysis.................................................................................................................7
Findings..................................................................................................................................8
Suggestions on research.........................................................................................................8
Risk factor..............................................................................................................................9
Explanation of situation with example...................................................................................9
Conclusion................................................................................................................................10
Bibliography.............................................................................................................................11

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MANAGING INNOVATION
Introduction
An innovation is the creation of an idea or any modification in the current product
(Andersson, Dasí, Mudambi, & Pedersen, 2016). Sometimes people get a little bit confused
between innovation and invention and treat them as same but they are not. Invention is a
discovery of new product while innovation is being done by a long study and doing various
experiments. The process of innovation in management is termed as innovative management.
It is a difficult task to do. The technology plays a major role of innovations in management.
Therefore, transfer of all techniques will support in the creation of a new product.
Economic and Social Science Research Council in UK is supporting innovation in technology
for setting a new path of revolution. They implement many new policies and procedures for
small and big businesses either they are public or private companies (Scuotto, Del Giudice,
Bresciani, & Meissner, 2017). Various programmes states that only the inventions are not
sufficient to bring change but the innovations also plays a major role in development of a
product.
Association for Innovation, Research and Technology Organisation (AIRTO) is a major part
in expanding the Economic and Social Research Council in achieving their set goals and
targets. It helps in expanding their knowledge of new age technologies. The members of the
AIRTO have specialised knowledge in transfer of innovation and technology and they are
proved very useful in getting new inventions and Innovations (Enkel, Groemminger, & Heil,
2018). These different experiments led a major impact on consumers.
The theme of this report is basically based on “Managing Innovation & Technology
Transfer”. It shows the various methods and approaches which were taken in innovations and
transferring of current technology from it. In this report it is proposed that how Methodology
and analytical hierarchy theory help them to survive in market with better efficiency. A
company’s example is taken to show this proposed theme (Cunningham, 2018). And that
company opted Economic and Social Research Council (ESRC) programme strategies for
their expansion and to survive the change in the market with the help of its innovation and
technology transfer.