Plan: Technical innovation

Technical innovation

PLAN:

1. 
   Technical innovation.
   
2. 
   Installation phase.
   
3. 
   Facebook.
   

 Technical innovation The process of implementing new ideas related to practical knowledge or experience in the production process. That is, it is a type of invention that occurs with the development or application of new technologies. Understand product and process updates.After using an effective method for a long time, organizations and companies will find opportunities for improvement. That is, what is sought is continuous improvement in the production process.Technical innovations only appear when the people responsible for the production process are constantly striving for improvement. As a result, the cost of the product decreases or value added increases.Achieving good manufacturing processes can result in lower production costs. Great added value can come from new features or high quality.Its purpose may be to achieve short lead times in the production of goods, to improve the quality of the final product, or to increase the safety of the production process. In the same way, you can focus on a product with newer and better features.Innovation cultureA culture of continuous improvement and technical innovation emerges in an organization that applies from top management to the factory worker.Top management is actually the initiator of the process of technical innovation by creating a culture. However, the idea of improvement comes from a worker who knows the details of the process.Features of technical innovations - It begins with the process of forming an idea and ends with the commercialization of a product or service in response to an approved market need.

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- It is a continuous process within an internal or external business designed to create value with innovation.

- It is managed in the spirit of entrepreneurship with the help of internal or external funds.

- A guide to risk management, which technical areas to choose based on portfolio management and performance monitoring.

Differences with technological innovation

Technical innovation focuses more on the application of technical or practical knowledge in a particular discipline or function, while technological innovation focuses more on the application of scientific knowledge in production processes.

Technical innovation is usually a process that results from experience gained by completing a production process over a period of time.On the other hand, technical innovations do not depend on the development of science. Scientific discoveries for technological innovation usually lead to this type of innovation.In general, people whose work is close to production processes are responsible for technical innovation, technological innovation is usually more related to academic and scientific fields.Cycles of technical innovationsTo change a service or product, you must do the following. These cycles exist for two very important reasons:- customer demand for new services and products.- Development of rapidly evolving new technologies.The technical changes introduced in these cycles and in the new service features are the sum of previous technical innovations.The cycles of technical innovation are now very short as new products emerge from year to year to replace those already on the market. The stages of the innovation cycle are as follows:

- identify the need or problem.

- Creating ideas to reach a decision.

- Evaluation of alternatives and development of innovative projects.

- Solve the problem with the help of technological and scientific research.

- Construction of prototypes and models.

- service or product development.

- Launch and distribution.

- evaluation of the service or product.

Stages

Installation phase

At this stage, a large amount of capital is required to build the infrastructure. Financial capital is venture capital that is separate from operating capital available on the corporate balance sheet.

Implementation phase

At this stage, new technological advances are spreading all over the world and changing people’s lives.

Investment risks are reduced because the infrastructure already exists. The business model is clearer and the demand is clearer. Consequently, working capital is now helping to master the technology.Sources of technical innovationIt is a person’s ability to create something useful and new. It is given based on intellectual abilities, way of thinking, personality, motivation and environment.Technical innovation is the implementation of creative ideas in a new device or process. This requires a combination of resources and experience. This often comes from those who create solutions for their own needs.Knowledge affects creativity. Not having enough information about the area to be innovated means that it is not understood enough to make a significant contribution.

On the other hand, overestimating this means that there may be barriers in logical paradigms that require an alternative approach.Organizational creativityIt is the task of the creativity of individuals within an organization and the various social processes that shape the interactions and behaviors of these individuals.The suggestion box is the first tool by which an organization can employ the creativity of individual employees. Employees can also use a private network or intranet to share their creative ideas and suggestions and contribute.Similarly, an organization can implement creative training programs for employees. These are all ideas collection systems to turn creativity into technical innovation.Business innovationThe company must have the ability to absorb, that is, the ability to recognize, assimilate and use new knowledge.Innovations can come from research to meet the unmet needs of consumers. Based on this need, we will start to implement the technical innovations that will be produced. In other words, the customer is attracted to technical innovations.On the other hand, technical innovation can be pushed in a linear manner. Prior to scientific discovery, a technical innovation was developed that was later developed for commercialization.

Government agencies

Technology transfer offices are responsible for transferring technologies developed in research institutions to an environment where these technologies can be applied.

Examples

- Toyota

This Japanese car manufacturer’s model of technical innovation is to give its employees permission and tools to solve problems when they occur and share solutions with management.Changes in the management of technical innovations have consistently led to a small increase in productivity and efficiency. Toyota has become one of the most successful automakers in the world.Management of technical innovations in Toyota is based on the following two basic principles:

Continuous improvement

All employees are involved in technical innovations, from the CEO to the assembly line workers.

Go and see

To really understand the situation, you need to go to the “real” place where the events took place: it could be a factory or a trading room. It is also important to see and see how consumers behave in real-world conditions.

- Facebook

At first, there was nothing interesting on the technical side of Facebook. Then it started to have millions of users and had to be scaled up to arouse interest in its technical innovations.Examples of these innovations include: how much data to process, how to reach multiple parts of the world, how many photos to optimize storage, and more.The best example is Google, because it is a technically innovative company, which is a very rare phenomenon. This company was started as a result of research workBroadly speaking, the research article describes technical innovation in the search for outdated data from all other search approaches.Google has almost changed the way it consumes data, so its impact on processes is very high. This is the goal of any innovative company: to change its behavior.

The importance of technical innovation

Technical innovations offer companies a competitive advantage and can benefit consumers because of low prices or good products.

While technical innovation is a systemic characteristic of an organization, it represents an important force that can ultimately position it as a sector leader.