IDEAS THAT TRANSFORMED TECHNOLOGY AND INNOVATION

 

                                     

    

                                                                        

IDEAS THAT TRANSFORMED TECHNOLOGY AND INNOVATION

 

 

Technological innovation makes daily life more convenient and enjoyable for everyone.

 

Technological innovation is an extended concept of innovation. While innovation is a rather well-defined concept, it has a broad meaning to many people, and especially numerous understandings in the academic and business world.

 

Technology affects almost every aspect of 21st-century life, from transport efficiency and safety to access to food and healthcare, socialization, and productivity. The power of the internet has enabled global communities to form ideas and resources to be shared more easily.

                             

  

 

Technological breakthroughs also produce social and ethical consequences. Computers are no exception to this rule. These products of modern technology can store massive amounts of information which help us perform at our best. However, they also generate new ethical dilemmas regarding who is able to access that information and how they use it. Thus, the ethical issue of privacy comes to the fore as well as problems associated with privacy like identity theft.

Describe what the best-practice companies do in the field of information technology.
As noted by Soni (2006), a number of the world's leading multinational companies have adopted remarkable practices they apply in strategic management. These companies have formulated effective systems for information technology. A good example of a company with best practices in information technology is Nestle. Nestle, which is based in Switzerland is known for its premium food items and beverages.

 

Technological Innovation Examples :

The innovations include technological inventions such as wind turbines, photovoltaic cells, concentrated solar power, geothermal energy, ocean wave power, and many other emerging innovations. 

 

Modern technology allows machines to become more and more complex, and manual-control tasks can mostly be automated. Modern airplanes are popular examples of this.

 

 The history of computing goes as far back as the 1600s.

 

We are of course fascinated by the general applications of the technology around us.   Like a self-driving car.. which uses high computations, computer algorithms and mechanics. So if you have no idea how computers work how will you be able to think of such concepts and design them.

 

Robotics is another example of using different technologies.

 

 

 

The right of privacy from electronic ‘invasion...has become a serious ethical issue” (Hutchinson and Sawyer 438) because our privacy is put in danger every time a company enters our personal information into their computer database. These databases are used by companies ranging from banks to libraries as a way to track appointments, orders, employees, and buying habits. In addition, “various companies also offer services that provide the address, criminal records, and professional histories as well as a list of assets and bank account numbers. They can also obtain your Social Security number, last six addresses, current phone number as well as names and phone numbers of neighbors. Lexis-Nexis and West Publishing Company are some of the larger and more prestigious companies that offer such information.” (Hutchinson and Sawyer 418). These companies are not using our personal information in any illegal way. However, their databases are vulnerable to being accessed by the wrong individuals which can compromise our privacy. 

 

Strategic Management Of Technological Innovation

                                        

1. Social loafing – when an individual in a team does not exert the expected amount of effort and instead relies on the work of other team members.
2. Cross-functional teams – teams whose members are drawn from multiple functional areas in the firms such as R&D, marketing, manufacturing, distribution, etc.
3. Homophily – the tendency of individuals to like other people whom they perceive as being similar to themselves.
4. Virtual teams – teams in which members can be a great distance away from each other, but are still able to cooperate and collaborate intensively via advanced information technologies such as groupware, video conferencing, and e-mail or Internet chat programs.
 

 

Functional Teams :
They remain in their functional team and meet periodically to discuss projects. These are suitable for derivative projects that mainly affect only a single function of the firm.
b. Lightweight Teams :
Like functional teams, lightweight teams are temporary but have dedicated liaison personnel for communication and coordination among functions. These are suitable for derivative projects where a high level of coordination and communication is required.
c. Heavyweight Teams :
The members are removed from the functional team and are collocated with the project manager and are committed to the project. This structure offers a significant improvement in communication and coordination in teams and is suitable for platform projects.
d. Autonomous teams :
The members are removed from their functional teams, and dedicated full-time to the development team. These are permitted to create their own policies, processes and reward system. This structure is best for breakthrough projects and a few major platform projects.

3. The Management of New Product Development Teams
a. Team Leadership
A leader should be responsible for directing the team in the right direction toward the goal, serve as a communicator between the team and senior management.
 
 

Best Practice Strategic Management Innovation Web Research

  As explained by Hill & Jones (2012), strategic management entails the process of implementing ways that would help an organization achieve its long-term goals. Hill & Jones (2012) adds that organizations would be unable to attain their projected goals if they do not employ proper ways of strategic management. Through strategic management, companies strive to create ways that can create a balance between the external and internal environments. Management of information technology and innovation is among the most important aspects in strategic management. Schilling (2010) notes that managers have to establish the proper platforms to run information technology in their respective organizations. Through the implementation of proper strategic management ways, organizations are able to capitalize on different opportunities.

Technological innovation – 6 important examples

• Electricity. A truly irreplaceable tool in life, electricity has literally powered a plethora of new advancements. ...
• The Laser. ...
• Semiconductor Chips. ...
• The Human Genome Project. ...
• Global Positioning System Technology. ...
• Smartphones.
  

In this 21st century, we can look back to several inventions that have happened and eased human life.  

 

What are the latest innovative technologies :

• 5G networks. ...
• Mainstream blockchain apps. ...
• More AI-enabled platforms for automated work. ...
• Machine learning for customer service. ...
• 3D printing. ...
• New security measures. ...
• Augmented reality. ...
• More AI solutions for small-to medium-sized businesses.
  

Since the inception of genesis man has made new technologies and made innovations like a Space shuttle to land on the moon, Leonardo Da Vinci's airplane sketch, and James Watt's steam engine which were put into ideas for modern technology versions such as passenger aircraft and the bullet train.

 

It is a continuous cycle of technology and innovations.  Man is always brain-storming his ideas and making inventions to ease his life.