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This updated, second edition of the book offers an understanding of the management of technology and innovation, not in isolation, but as a dynamic integrated system connected to organizational culture, knowledge management and value creation. To enhance the understanding of the hypercompetitive industrial markets of the globe, this edition carries two new chapters focusing on how technological innovation can lead to wealth creation. In doing so, it weaves wealth creation with other seminal concepts of social capital, human capital and knowledge management. An additional appendix outlines a few technologies and approaches that are useful in technology management.
Management of Technology and Innovation: Competing through Technological Excellence provides a synoptic account of the diverse dimensions of technology management, from incremental innovation, integration of design and manufacture to technological innovation and creation of hybrid technologies. It provides an outline of the rationale of the strategic evaluation of investments in technology, and brings about its contrast with the conventional accounting framework of net present value (NPV) and discount cash flow (DCF) analyses. It also discusses the national technological/industrial policies of USA and Japan.
This book will be an invaluable resource for management students and teachers studying the theory and practice of technology management.
About the Author
P N Rastogi was professor at IIM Lucknow and IIT Kanpur. He has been a post-doctoral Fellow at Massachusetts Institute of Technology (MIT); Nuffield Fellow at the London School of Economics; National Fellow at the Centre for Policy Research and Senior Fellow of the Indian Council of Social Science Research. He is well-known for his work in the field of social and management cybernetics, computer simulation of systems, dynamics of conflict, rural development, societal systems, organizational design and development, management of productivity and technovation, technology policy, and policy analysis and problem-solving methodology for complex real-world problems.
He has developed numerous state-of-the-art course modules on management themes for both managers and engineers. He has authored Social and Management Cybernetics (1979); Intelligent Management Systems (1987); Productivity, Innovation, Management and Development (1988); Quality Circles (1990); Managing New Technology (1991); World Class Manufacturing (1992); Total Quality Management: Theory and Practise (1993); Policy Analysis for Complex and Unstructured Problems (1992); Managing Constant Change (2005) among others.