Answer one of the above questions in this week's conference. Also, make sure you respond to at least one other student's post. Resources devoted to technological innovation can only be justified in so far as they further the attainment of corporate objectives.
Experience is the best teacher.
Analysis of past technological innovations reveals a number of factors all of which appear to be present in many successes and one or more of which are found to be frequently absent in failures. A conceptual approach and an understanding of the processes at work can be developed. Improved decision making and a higher return on the investment in technology should follow from a conscious attempt to apply the concepts in practice. The underlying theme is that technological innovation can be and must be managed. This means we have to have a good understanding of the process and be able to develop a generalized framework for viewing it.