Course Learning Outcomes-Covered
Recognize the dynamics and the importance of managing technological innovation strategically. (LO 1)
Reference Source:
Textbook:-
Schilling M.A (2020),Strategic Management of Technology Innovation (6th Edition). Mc-Graw Hill Education. Electronic Version: ISBN-13: 978-1260087956ISBN-10: 1260087956, Printed Version: ISBN-13: 978-1260087956 ISBN-10: 1260087956
Students are required to refer to Chapters 1, 2, and 3 of their textbook to develop a comprehensive understanding of the fundamental concepts of technological innovation, sources of innovation, and patterns of innovation. A critical analysis of each topic and subtopic is essential, demonstrating not only knowledge retention but also an ability to evaluate and apply theoretical concepts to real-world scenarios.
Assignment 1-EssayTotal Marks: 10
Write an essay on “ The Role of Innovation in KSA’s Economic Diversification” in 1200-1500 words with the mentioned key focus Areas :
Introduction (1Mark)
Define technological innovation and its significance in shaping global economies and Provide an overview of Saudi Arabia’s Vision 2030 and its emphasis on technology-driven economic transformation.
The Importance of Technological Innovation (3 marks) (Referencing Chapter 1)
Explain why technological innovation is a critical driver of competitive advantage and economic growth.
Discuss the impact of innovation on industries such as oil and gas, renewable energy, artificial intelligence, and fintech.
Provide real-world examples of how Saudi Arabia is leveraging technological advancements to enhance productivity and economic sustainability.
Sources of Innovation in Saudi Arabia (3 marks) (Referencing Chapter 2)
Discuss the various sources of innovation (e.g., firms, universities, government policies, research institutions, and entrepreneurship).
Analyse the role of government initiatives such as NEOM, King Abdulaziz City for Science and Technology (KACST), and the Saudi Data and AI Authority (SDAIA) in fostering innovation.
Evaluate the collaboration between academia and industry in driving research and development (R&D) efforts in KSA.
Types and Patterns of Innovation in KSA (2 Marks) (Referencing Chapter 3)
Differentiate between radical vs. incremental innovation and competence-enhancing vs. competence-destroying innovation.
Provide examples of Saudi companies and industries that have embraced different innovation strategies.
Conclusion (1 marks)
Summarize key findings and insights from the essay.
Submission Guidelines
Word Count: 1200-1500 words
Formatting: Times New Roman, 12pt, double-spaced
Referencing Style: APA (in-text citations and reference list)
Plagiarism Policy: Submissions must be original and properly referenced. Any plagiarized content will result in penalties as per university guidelines.
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