Technology and Innovation Management

Companies of all sizes, in all industries, from banking to manufacturing and from start-ups to SMEs, are now exploring technology-led growth as a promising means of competitive advantage. The reasons for this are threefold:

1. Technology and innovation are no longer exclusive to large organisations in specialised sectors.
2. Goods and services are no longer exchanged solely between firms and customers. Technology enables customers to provide goods and services among themselves, creating what we know as the sharing economy.
3. Information technology has shifted from static one-to-one relationships to more dynamic digital relationships, from information storage to industry disruption.

As a result, there are a number of innovation challenges faced by today’s businesses, and these can be grouped into three main areas: