This book provides a profound overview of Japanese ways of managing innovation, looking at various relevant levels such as strategy, processes, organization, culture and implementation. Within this framework, contributions by both researchers and practitioners deal with aspects such as the fuzzy front-end of innovation, the role of knowledge in new product development, supplier integration, product architecture, multi-project management and intellectual property rights issues. Case studies serve to illustrate how new product development projects are carried out in Japan and comparisons with practices in Western countries allow for the identification of differences and similarites between management practices in these different cultural regions. Written for: Managers in technology-intensive firms Keywords: Innovation Innovation Management Japan Technology Technology Management
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This volume focuses on the relatively young field of technology and innovation management, which is of growing interest to academics, students and practitioners as they engage more in questions surrounding the origin of innovation and the impact of changing technologies
Background: Innovation and technology management are crucial for contemporary businesses' profitability and long-term sustainability. Due to rapid technological advancements and a volatile business environment, companies must adapt and utilise innovation to maintain competitiveness and relevance. This article explores the various aspects of innovation and technology management in modern businesses. Objective: The primary aim of this study is to scrutinize the strategies and approaches implemented by contemporary enterprises to foster innovation and streamline technology management. The investigation aims to identify crucial factors that facilitate or impede innovation and technology management, thereby contributing to a better understanding of the present-day corporate landscape. Methodology: To gain insight into the contemporary approaches to innovation and technology management in organisations, this study conducts a thorough review of existing literature, case studies, and surveys across various industries. The acquired data undergo qualitative and quantitative analysis to offer a comprehensive perspective. The research findings are as follows: Results: Effective integration of internal and external sources, fostering an innovative culture, and strategic alignment with organizational goals are key factors for successful technology and innovation management in modern businesses. Additionally, leadership is critical in encouraging innovation and creating a supportive environment. The significance of these factors cannot be overstated. Conclusion: The conclusion of this article highlights the important role that technology management and innovation have in the success of modern businesses. Organisations must comprehend the fundamental principles and strategies that allow for effective technology management and innovation to ensure long-term growth and sustainability in an ever-competitive global market. This knowledge is a valuable resource for business leaders, lawmakers, and academic navigating the complexities of the contemporary business industry.