A STUDY ON CHALLENGES FACED IN TECHNOLOGY INNOVATION IN OUTSHINE R&D ORGANISATIONS:A GLOBAL PERSPECTIVE

R SUDALAI KANNU; Dr. S. MADHAVAN

Volume : IV, Issue : VIII, August - 2015

A STUDY ON CHALLENGES FACED IN TECHNOLOGY INNOVATION IN OUTSHINE R&D ORGANISATIONS:A GLOBAL PERSPECTIVE

R Sudalai Kannu, Dr. S. Madhavan,

Abstract :

Innovations have acquired a key-role in the growth and competition strategies of the firms. They are regarded as an essential tool to stimulate growth and enable firms to master the competition ought about by the forces of globalization. At the same time, innovations in today�s �globalized� world are hardly feasible in isolation. Worldwide economic reforms and far-reaching technological advancements have ought to fore new economic powerhouses, such as China and India, which possess strong scientific capabilities. Products are marketed internationally which often necessitates adaptation to specific needs of targeted markets. All these developments are leading to the �globalization of innovation�. Based on recent empirical studies conducted by the author in this field, this paper presents the challenges faced by outshine R & D industry, particularly Space Research industry, wherein the System Reliability and the Technological Innovation are the prime concern. The results from statistical analysis of the data indicates that in the outshine Space research industries are able to attain their position of excellence, in terms their better technological innovation, by proper handling of their resources in an optimal way.The study indicates that in the outshine organizations, the employees enjoy the freedom of time and resources to make their contributions towards the attainment of organizational goals, undergo reasonable amount of stress in task execution owing to time and resources constraints, learn new technologies and adapt them and exercise autonomy which enables self-expression and learning. This Study aims at understanding the Challenges faced in technology innovation in Outshine R&D organizations in global perspective. This paper further suggests for proper technology innovation with appropriate forecasting, design & transfer of technology in the outshine