Write a synopsis describing the reaction to innovative technology by senior mana

Question

Write a synopsis describing the reaction to innovative technology by senior management at your company. "How to Put Technology into Corporate Planning" discusses how technological innovation may be quantified as a valuable asset in a large company if it is properly perceived. This includes defining fundamentally what the innovative technology is in terms of unit of technology, as well as how it affects the seven dimensions of acceptability. By creating a table of company principal products versus units of technology one can track which innovative technologies should be further investigated due to their potential improvement on numerous products. It suggests that you contemplate how the company you work for views innovative technology. If you work for a company that manufactures a product, the confidence in innovative technology by senior management may be reflected in the handling of the R&D department. If you work for a design company the confidence in innovative technology by senior management may be reflected in the handling of specialists who work with vendors on incorporating new technology into design.

Questions:

How is technological innovation perceived and responded to by your senior management? Is it embraced or always rejected? Rejection may be the conservative, low-risk path.

How has management used innovative technology to implement strategic objectives?

How have technologically innovative opportunities been monitored? Does management encourage potential technologically innovative improvements?

How are technologically innovative opportunities organized within your company? What is the size of your R&D department, or how many specialized personnel does your company employ?

Explanation / Answer

Answer:

Technological innovation is perceived and responded to by our senior management. Our senior management is always drives to embrace technology, so that the organization become competent for longer time and will survive in future. The technology innovation is always embraced by our senior management. Though rejection is a conservative and low risk path, but still our senior management invests in technology for future readiness.

Management included technology innovation as a strategic objectives and it is a part of the key objectives of the organization, which are reviewed by the senior management periodically. It has defined metric for evaluation of technology innovation.

Technologically innovative opportunities been monitored by the process of capturing technology innovation ideas from all employees at a common database and formed a core team which will review the ideas periodically and select the prioritized technology innovation ideas for the organization. Yes, management does encourage potential technologically innovative improvements in the organization. Management appreciates the top innovators and awarded during organization gatherings/functions.

Technologically innovative opportunities organized within our company by organizing the workshop for technology innovations. Many key people are identified and involved in the workshop so that we explore large number of technology ideas and then reviewed and prioritized based on the organization criteria.

The size of our R&D department is around 25 people. Our company had employed the specialist persons in the R&D , a team of three specialist is made responsible for technology innovation process, so that new innovation ideas are managed properly in the organization.

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