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This course provides an overview and introduction to fundamental theories and cases of “Technology and Innovation Management.” Students will learn (1) how to help enterprises choose the technologies they need and (2) acquire, manage, and utilize these technologies efficiently. Particular consideration is given to the paradigm shift South Korea is currently facing, i.e., economic growth based on catch-up strategies to growth based on the introduction of advanced technologies and independent R&D efforts. Teaching methods include lectures, team / individual projects, and in-class discussions on various studies and cases.
Technology entrepreneurship and the growth of enterprises based on cutting-edge science & technology and engineering knowledge are attracting more attention in- and outside of Korea. Whether it is a traditional manufacturing firm or a high-tech enterprise, accounting plays an essential role in technology innovation. This course will cover the cost factors related to the R&D of enterprises and the theory and practice of how to use accounting information for internal and external stakeholders of enterprises. Teaching methods include lectures introducing theories and cases, team / individual projects, discussions, etc.
Technology commercialization, which applies acquired or developed technologies to business activities to create value, still faces many challenges, despite its potential. This course will teach the fundamental theories and cases to promote the commercialization of technology more effectively. Throughout the course, students will be given an opportunity to engage in class projects for which they will search for technology commercialization opportunities, conduct technology evaluation, and develop implementation strategies based on the theories and case studies.
Students will learn research methodologies needed to develop new theories or verify existing theories and understand its latest application trends in the field of technology management. To this end, the course focuses on the representative models commonly used in technology management research and its applications based on research articles and reports. The course is expected to help MOT students choose appropriate research methods when writing their dissertations.
▶ Statistics for Technology Management
This course provides basic knowledge of statistics for students who often use statistical analysis methods in practical work and cultivate students' understanding and ability of statistical data analysis in proving the validity of their claims. Students will learn how to formulate testable research questions/hypotheses given a specific context, choose an appropriate analysis method to test the hypotheses, conduct and interpret the results using R, thereby improving their ability to carry out statistical analysis in a practical setting.
▶ R&D Economic Analysis
With the increasing complexity and uncertainty of technology, the cost of obtaining technology that meets the market demand is also increasing. This trend makes the input cost and corresponding benefit analysis particularly critical in the whole stage from R&D planning to implementation. This course will teach the conceptual definition and components of R&D cost and benefit and will be delivered in the form of lectures on theories and cases, team / individual projects, etc.
▶ Innovation and Industrial Economy
Technological innovation plays an important role in promoting the improvement of total factor productivity (TFP) in national economic growth. This course examines the importance of innovation from the perspective of industrial economics, with the main goal of learning various concepts of industrial economics. In particular, it introduces various theories and policy application cases related to industrial economics.
▶ Information System Management
This course will provide an overview of the principles, roles, and responsibilities of enterprises in the application and operation of IT assets. Through understanding the concept of IT governance, the IT governance framework and implementation strategy methodology will be taught in the form of team / individual pilot projects, research, and case discussion.
▶ Strategic Management and Competitive Advantage
With the drastic changes in the internal and external environments of modern enterprises, management strategies are growingly more important to grasp and deal with these changes. Throughout the course, students will learn relevant theories of business strategy and competitive advantage, and the strategies that can be adopted based on different types of enterprises as well as the corresponding schemes to maintain their competitive advantages. For this purpose, the course will be taught with lectures on relevant theories and case studies, team / individual projects, and in-class discussions on various cases in- and outside of Korea.
▶ Technology Innovation Organization
Organization is an important factor in modern society and a tool to achieve political, economic, social, and personal purposes. Organization not only affects an individual's life but also every area of modern society. Therefore, the understanding and management of organization is one of the most important factors of economic and social development. This course aims to teach how innovation, research management and development are integrated with organizational development theories through understanding the interaction between R&D personnel and organization.
▶ Technology Start-up
Based on the correct understanding of entrepreneurship and technology entrepreneurship, students will learn how to formulate specific start-up business plans. The course will mainly cover the start-up preparation stages to business strategies used in different industries as well as the necessary procedures and considerations in each stage. The course will be taught in the form of lectures and discussions.
Entrepreneurs take risks and challenges to seek new technologies and innovations, thereby generating the growth and social values of enterprises. Therefore, the learning content includes the definition of entrepreneurship, new technologies and various business methods, as well as entrepreneurship with the characteristics of innovation, growth, creativity, risk-taking and positive action. Teaching methods include lectures, team / individual case analysis and discussion, and various case videos.
▣ Manufacturing Innovation Growth
▶ Global Management and Open Innovation
This course will teach the theories and practices needed to improve global technology operation capabilities of South Korea’s Southeast region, which accounts for 20-30% of the domestic manufacturing export, and the open innovation, which is the core competence in the era of integrated technology commercialization. Through learning, students will have the foundation to achieve global business and innovation performance in companies and start-ups. Teaching methods include lectures, team / individual projects, and discussion of various research articles and cases.
▶ Strategic IPR Analysis
This course will provide an overview of the patent strategies and enterprise management, and examine the relationship between patent rights and the company's performance in terms of cost benefits, to explore the influence on the first-mover and second-mover enterprise strategy of patent technology, and to improve the professional ability of students.
▶ Product Innovation Theory
By studying new product innovation related theories and cases, this course aims to cultivate students’ ability to develop competitive products in the market and promote their commercialization. In the first part, students will learn the stages and procedures of the Demand-pull based product development process. Students will learn the product architecture theory of product design related to strategic thinking and review the relevant empirical research literature in the second part. Finally, in the third part, students will explore the marketing plan of new products from the perspective of high-tech marketing.
▶ Technical Prediction Theory
The goal of technology prediction is to explore the future directions and the trends of technology development to provide necessary information for the formulation of national or enterprise R&D plans. Technology prediction enables us to more accurately forecast the future trends and combine the development of science and technology with the social and economic development effectively by linking the economic and social needs. This course will cover the future social changes and the supply and demand of corresponding technologies, technology evolution, and application prediction.
▶ Operationl Practice of R&BD Planning
The purpose of this course is to master the concept of R&BD, the relationship between business strategy and R&BD, technical forecast and R&BD planning methods, and the writing of R&BD project plans to improve the practical R&BD planning ability available in the industrial field. Throughout the course, students will experience the practice of R&BD by developing an R&BD project plan.
▶ Strategic Decision Making and Case Study
Management is the continuation of decision-making activities. To make a good strategic decision to ensure the growth of enterprises, students will learn and master the theories and methodologies needed to identify problems creatively, collect relevant information, form, evaluate as well as compare countermeasures, and make reasonable decisions. Students will also learn to deepen and apply what they have learned through case studies of strategic decision-making. Teaching methods include lectures, individual and team presentations, and in-class discussions.
▶ Global SCM Innovation
This course will cover the concepts and tools of logistics management and analyze the activities and characteristics of supply chain management (SCM) in the global environment to cultivate students’ ability of logistics innovation in the global environment.
▶ R&D Performance Management
As the proportion of R&D investment in South Korea’s GDP is at the highest level globally, the importance of R&D itself and the scale of investment is immense. This course will teach the theories and practices of performance analysis methodologies by defining the different stages, project types, and performance types of R&D and non-R&D projects. To this end, there will be lectures, team/individual projects, discussions of various methodologies, and case studies.
▶ R&D Project Management
Throughout the course, students will master the detailed process of the whole cycle of R&D projects and the status quo of various tasks and learn the theories and methodologies of effective R&D project management through discussions and analyses of improvement items. To further cultivate students’ ability to manage R&D projects, professional consultants will be invited to give special lectures on best practices.
▶ Value Chain Optimization
This course will teach optimization models for solving various decision-making problems interwoven with complex value chains, especially the deterministic model.
▶ Technical and Information Security
This course introduces an overview of industry (technology) security and its relevance to information security. Students will learn about industrial security throughout the course, including topics on technical security, threat and response, and physical security. Through case studies on industry (technology) safety, students will also develop a set of capabilities required to become industry safety experts.
▶ Industrial Marketing
This course will provide an overview of essential concepts of and strategies for industrial materials, which are key economic drivers of South Korea and the southeast region. Throughout the course, students will learn about the practical issues and decision-making procedures faced by marketing executives in an actual commercial environment for industrial materials. Students will also learn about the latest issues in marketing practices of industrial materials related to the fourth industrial revolution (digital transformation period) and have an opportunity to deal with marketing theories and practical problems through project management.
▶ Innovative Growth of Machinery, Shipbuilding and Motor Industry
This course will examine the status quo of and the recent problems in the machinery, shipbuilding, and automobile industries, which are the key economic drivers of the southeast region of South Korea. Throughout the course, students will learn how to derive appropriate innovative growth strategies for these industries.
▶ Special Topics in MOT I
This course will discuss the latest topics related to the innovative growth of a region's key manufacturing sector and propose business model innovation solutions and high value-added strategies suitable for the region.
▣ Start-up and new industry creation
▶ Technology Financing
Technology finance (including IP finance and innovation finance) is a kind of enterprise finance that provides the funds needed in the process of technological innovation, ranging from technology research and development (R&D), entrepreneurship, commercialization, and growth, through the evaluation of enterprises based on their technological capabilities. Students will learn the fundamental theories and the role of technology finance as a fundamental element of technology commercialization and how to use technology finance in practical settings. The teaching methods include lectures, team / individual projects, and discussion of various practical cases.
▶ Theory and Substance of Digital Conversion
Enterprises need to understand how digital technologies change business models, perceive and capture the corresponding opportunities, and reorganize existing capabilities to survive. This course will examine the significance and the core impetus of digital transformation and investigate empirical digital transformation cases in various industries. Towards the end of the semester, students will have an opportunity to engage in a project to develop digital transformation strategies for an enterprise to cultivate their practical knowledge.
▶ Business Modeling and Start-up
During the first half of the course, students will learn the business modeling methods and types for the strategic design of business models. During the second half, students will learn the theories and cases of business model (BM) patents and platform business models that are related to technology entrepreneurship and the fourth industrial revolution (digital transformation). Towards the end of the semester, students will also have an opportunity to develop a business model and share it through presentations.
▶ Service Innovation Theory
This course will investigate the technical service cases and theories through which students are expected to have a comprehensive understanding of the servitization of the manufacturing industry and technical service development.
▶ law for entrepreneurs
This course will examine theories and practices of business activities that involve strategic uses of patents, utility models, brands, designs, and other intangible assets to create profit and improve the enterprise value. In this process, students will focus on small- and medium-sized enterprises, master the diagnosis of intellectual property management and its current problems, and cultivate the basis to formulate strategies needed to solve these problems. The teaching methods include lectures, individual projects, and case discussions.
▶ Venture Business and Technology Value Evaluation
As technology-centered business models and entrepreneurship attract more attention in and outside of Korea, there is also an increasing need for the education and labor demands to evaluate venture enterprises and the objective market value of its technology assets. Students will learn the theories and practices of technology value assessment and how to use it in business activities through lectures, team / individual projects, and group discussions.
▶ Business Analytics
Throughout the course, students will learn and master the fundamental principles of business analytics in a project centered on practice. The course will focus on dealing with practical cases for students to learn an overview of business analytics, case studies of data analytics scenarios, and modeling methodology based on a data analysis platform, i.e., Tableau.
▶ Artificial Intelligence
This course will introduce the concepts and theories related to artificial intelligence (AI), which is leading the Fourth Industrial Revolution, with programming with practical cases.
▶ Technology Loans and Corporate Evaluation
Technology financing refers to financing the enterprises with strong technical ability and excellent creativity, but with low credit rating and difficulty in financing and innovative growth, based on credit evaluations and enterprise analyses. Students will learn enterprise evaluation methods for technology financing ranging from the fundamental theories, methods and practices related to qualitative and quantitative analysis of financial accounting and technical ability. Teaching methods include lectures, team/individual projects, and discussion of a variety of practical cases.
▶ Technology Investment and Corporate Growth Strategy
This course provides an introduction to financial engineering. It aims to cultivate students’ understanding of a variety of financial products and quantitative analysis methods. Based on mathematical and statistical knowledge, students will learn pricing models and operation strategies of derivatives such as bonds, options, and futures. Through these, students will lay a solid theoretical foundation for capital operation, investment and commodity design in the on-the-job or entrepreneurial enterprises. The teaching methods include lectures, team / individual projects, and in-class discussions.
▶ Data Science/Mining
This course provides an overview of the fundamental concepts and main algorithms of data mining and machine learning to cultivate the basic ability of performing business analytics based on data science, and the executive ability applied to practical problems. Students will learn how to choose an appropriate data mining method, use R to interpret the results, and improve the analytics ability.
▶ Exploring the New Maritime Business
This course focuses on the regional characteristics and aims to expand students’ understanding of marine aquaculture industry to support business planning. To this end, students will examine the international and domestic marine aquaculture industry trends, subdivide it into industries, analyze the existing problems and countermeasures of various industries, and discuss business strategies.
▶ Blockchain Technology and Business
This course will provide an overview of the fundamental principles of blockchain as a new technology, and explore enterprise innovation and business models through various practical cases in different fields. Throughout the course, students will learn about the re-creation of financial services based on blockchain, the introduction of new business cases, the application of Internet of Things Distributed Ledger, and blockchain implementation.
▶ Special Topics in MOT II
This course will cover the latest issues on regional entrepreneurship and new industry creation, and propose business model innovation programs and high value-added strategies suitable for the region.