Innovation management tools: implementing technology watch as a routine for adaptation
Innovation management (IM) is a multidisciplinary field which has been growing for the past few decades. However, the management of innovation is often considered equivalent to technology management or the management of research and development. By focusing on a set of small- and medium-sized
enterprises operating in a medium-high-tech industry, the paper intends to determine the characteristics of IM tools. In particular, we address one of these tools, technology watch (TW), and define a set of generic stages to introduce the most relevant roles for its implementation. TW consists
of the systematic observation, analysis and use of technological information, allowing companies to be aware of their external environment and learn from it. Through the implementation of TW processes, companies are able to assess and adapt their current technological base and the fit of their
internal competences to the signals coming from the external environment.
Keywords: SME; implementation; innovation management; technology watch; tools
Document Type: Research Article
Affiliations: Deusto Business School, Deusto University, Camino de Mundaiz, 50, 20012, San Sebastián, Spain
Publication date: 21 October 2014
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