Dr T Minshall, Dr Clive Kerr, Dr Rob Phaal, Prof Rick Mitchell
Timing and Structure
Michaelmas term. Eight 2-hour sessions incorporating industry speakers. Assessment: 100% coursework
The aims of the course are to:
- provide students with an understanding of the ways in which technology is brought to market by focusing on key technology management topics from the standpoint of an established business as well as new entrepreneurial ventures.
- place emphasis on frameworks and methods that are both theoretically sound and practically useful.
- provide students with both an understanding of the issues and the practical means of dealing with them in an engineering context.
As specific objectives, by the end of the course students should be able to:
- have a thorough appreciation of how technology is brought to address market opportunities, and how technology management supports that process.
- assess and utilise appropriate technology management methods in different contexts.
- understand the core issues of technology management and the practical means of dealing with them in an engineering context.
Introduction: Technology in the business context
- Technology origins and evolution.
- How technology generates value.
- What are technology management processes and how are they used?
Developing new technologies: Managing research and development (R&D) and intellectual property rights (IPR)
- How do you manage a portfolio of R&D projects?
- What are the key aspects of IPR, and how are they managed?
- How do you put a value on R&D projects and IPR?
Making money from new technologies: How to choose the right business model
- What are the different ways in which an idea can be brought to market?
- Why do most innovations reach the market through new firms rather than established firms?
- How do new and established firms work together?
Resources to bring ideas to market: 'Make versus Buy' (MvB) and strategic alliances
- Strategic context for MvB and partnering decisions.
- Tools and techniques to support MvB decisions.
- MvB for emerging technologies.
- Working in partnership with other organisations.
New product introduction (NPI)
- Structuring the NPI process.
- New product life cycles, time-to-market and metrics.
- Completing an NPI project on time and within budget.
Open approaches to innovation
- Why open approaches have become very common
- What are the different types of open innovation?
- What are the challenges in managing open models of innovation?
Planning for the future: Technology strategy and planning
- Strategic technology management.
- Planning for the future by linking technology, product and market considerations - Technology Roadmapping (TRM).
- Scenario planning tools to help manage the uncertainties of the future.
Technology management in practice
- A panel of experienced technology managers will share lessons, and respond to queries posed by students.
Additional resources for this module will be available from Moodle. Details will be given at the start of the module.
For the coursework, students are required to research and write a report of approximately 3,000 words on a specific management of technology theme provided in the first lecture of the module. The report should draw upon module material supplemented with students' own research on on both industrial practice & academic theory.
Please see the Booklist for Group E Courses for references for this module.
Please refer to Form & conduct of the examinations.
The UK Standard for Professional Engineering Competence (UK-SPEC) describes the requirements that have to be met in order to become a Chartered Engineer, and gives examples of ways of doing this.
UK-SPEC is published by the Engineering Council on behalf of the UK engineering profession. The standard has been developed, and is regularly updated, by panels representing professional engineering institutions, employers and engineering educators. Of particular relevance here is the 'Accreditation of Higher Education Programmes' (AHEP) document which sets out the standard for degree accreditation.
The Output Standards Matrices indicate where each of the Output Criteria as specified in the AHEP 3rd edition document is addressed within the Engineering and Manufacturing Engineering Triposes.
Last modified: 22/06/2017 18:56