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    Fba 311 (March 2021) Lecture - Managing Emerging Technologies

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    faith ola
    This document discusses managing emerging technologies and organizing for IT. It covers learning objectives about emerging technologies' role in corporate transformation. Key topics include defining technology, the technology life cycle model, characteristics of emerging technologies, current emerging technologies, and factors that promote or inhibit adoption. Advantages include faster processes and product development while disadvantages relate to a firm's internal, industry, and country contexts. The document aims to develop models for successful IT adoption irrespective of a business's scale.

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    Fba 311 (March 2021) Lecture - Managing Emerging Technologies

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    faith ola
    17 views17 pages
    This document discusses managing emerging technologies and organizing for IT. It covers learning objectives about emerging technologies' role in corporate transformation. Key topics include defining technology, the technology life cycle model, characteristics of emerging technologies, current emerging technologies, and factors that promote or inhibit adoption. Advantages include faster processes and product development while disadvantages relate to a firm's internal, industry, and country contexts. The document aims to develop models for successful IT adoption irrespective of a business's scale.

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    Fba 311 (March 2021) Lecture -Managing Emerging Technologies

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    This document discusses managing emerging technologies and organizing for IT. It covers learning objectives about emerging technologies' role in corporate transformation. Key topics include defining technology, the technology life cycle model, characteristics of emerging technologies, current emerging technologies, and factors that promote or inhibit adoption. Advantages include faster processes and product development while disadvantages relate to a firm's internal, industry, and country contexts. The document aims to develop models for successful IT adoption irrespective of a business's scale.

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    © All Rights Reserved
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    Download as pdf or txt
    17 views17 pages

    Fba 311 (March 2021) Lecture - Managing Emerging Technologies

    Uploaded by

    faith ola
    This document discusses managing emerging technologies and organizing for IT. It covers learning objectives about emerging technologies' role in corporate transformation. Key topics include defining technology, the technology life cycle model, characteristics of emerging technologies, current emerging technologies, and factors that promote or inhibit adoption. Advantages include faster processes and product development while disadvantages relate to a firm's internal, industry, and country contexts. The document aims to develop models for successful IT adoption irrespective of a business's scale.

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    © All Rights Reserved
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    of 17

    MANAGING EMERGING

    TECHNOLOGIES &
    ORGAIZING FOR IT
    FBA 311 LECTURE
    FACULTY OF MANAGEMENT SCIENCES
    UNILAG
    BY
    KENNETH IKENWA
    MARCH, 2021.
    LEARNING OBJECTIVES
    1. Understand the role that emerging technologies
    play in corporate transformation and development
    of corporate advantage
    2. Identify key emerging technologies driving change in
    the 21st century global business landscape.
    3. Explore different theories and organizational
    structures critical to effectively organizing for the IT
    Function of Management and Business.
    4. Develop a conceptual model for successful IT
    adoption/adaption into any business of choice
    irrespective of the business’ scale, scope, size or
    strategy
    WHAT IS TECHNOLOGY?
    KEY DEFINITIONS OF TECHNOLOGY

     According to White & Brutton (2007), a few


    major definition of technology include the
    following:
     The processes used to change inputs into outputs
     The application of knowledge to perform work.
     The theoretical and practical knowledge, skills, and artifacts that
    can be used to develop products as well as their production and
    delivery system.
     The technical means people use to improve their surroundings.
     The application of science, especially to industrial and commercial
    objectives; the entire body of methods used to achieve such
    objectives.
     Within the business and organizational
    context, EMERGING TECHNOLOGIES,
    can therefore be defined as:

     New and novel technologies that have the benefits


    of enhancing operations, processes, key functional
    activities, project implementation, value and supply
    chain efficiencies, scale and scope economies.
    MANAGEMENT OF EMERGING
    TECHNOLOGIES
     The efficient and effective management of
    emerging technologies will involve:

    I. Understanding how Emerging Technologies evolve (technology


    life cycles)
    II. Appreciating the Basic Characteristics of Emerging Technologies
    III. Understanding the Advantages and Disadvantages of Emerging
    Technologies
    IV. Understanding Factors that Inhibit & Promote Adoption of
    Emerging Technologies
    V. Evaluation of the New Technology within the context of the
    firm’s corporate, business and functional strategies
    TECHNOLOGY LIFE CYCLE
     The Theory of the Technology S-Curve is
    underpinned by the assumption that all
    technologies have a life cycle. As such a novel,
    cutting edge, breakthrough technology today may
    be come obsolete in a few years time owing to new
    invention, innovation, changing environmental,
    economic and development dynamics and demands.

     Thus, every novel technology according to the


    Technology S-Curve theory will eventually reach a
    “natural limit”, that is, maturity point, and will
    either become obsolete or produce reduced
    benefits in terms of comparative efficiency and
    effectiveness to new technologies.
    Technology S-curve

     Source: Wong & Govindaraju (2012)


     Source: http://www.galsinsights.com/the-
    innovation-s-curve/
    CHARACTERISTICS OF EMERGING
    TECHNOLOGIES
     According to Rotolo et al., (2015),
    emerging characteristics have the following
    core characteristics:

     Convergence
     Radical novelty
     Relatively fast growth
     Coherence
     Prominent impact
     Uncertainty
     Ambiguity
    CLASS THINK TANK 1

     WHAT WILL YOU CONSIDER AS SOME OF THE


    ADVANTAGES AND DISADVANTAGES OF
    EMERGING TECHNOLOGIES IN THE AREA OF
    BUSINESS RELATED ACTIVITIES, PROCESSES AND
    OPERATIONS?
    IDENTIFYING CURRENT EMERGING
    TECHNOLOGIES
     The following is a list of current emerging technologies that are
    revolutionizing the entire 21st century business landscape and
    redefining the future:
     Artificial Intelligence (AI)
     3D Printing
     Robotics
     Internet of Things (IoT)
     Internet of Behaviours (IoB)
     Augmented & Virtual Reality (AR-VR)
     5G Technology
     Big Data Analytics
     Machine Learning
     Intelligent Process Automation
    Factors that Inhibit Adoption of
    Emerging Technologies
     Delayed Participation
     Resistance to Change
     Reluctance to Commit by Management
     Financial Constraints
     Lack of Availability of Talent
     Resource Allocation
     Poor Motivation across the organization
     Poor Communication
     Goal Incongruency
     DISAVANTAGES OF EMERGING
    TECHNOLGIES
    CLASS THINK TANK 2

     WHAT FACTORS WILL PROMOTE THE ADOPTION


    OF EMERGING TECHNOLOGIES IN THE
    NIGERIAN BUSINESS CONTEXT GIVEN THE
    HIGH LEVELS OF ENVIRONMENTAL VOLATILITY,
    UNCERTAINTY, COMPLEXITY AND AMBIGUITY?
    ADVANTAGES OF EMERGING
    TECHNOLOGIES
     Faster Process Optimization
     Efficient Product Development & Manufacturing
     Faster Communication and Strategy Deployment
     Wider Product Range
     Enhanced Creation of Customer Experience,
    Value & Utility
     Maximization of Shareholder Value, Market and
    Economic Value Addition.
     Strategic Positioning of Firms with cutting edge
    technology.
    DISADVANTAGES OF EMERGING
    TECHNOLGIES
     The discussion of the disadvantages of
    emerging technologies for firms can be
    understood from 3-contexts
    FIRMS’
    FIRMS’ INDUSTRY
    CONTEXT FIRMS’
    INTENAL
    COUNTRY
    CONTEXT
    CONTEXT
    THANKS FOR LISTENING AND GOD BLESS.

    See you in the next class…

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