The text identifies and discusses different technology innovation initiatives (TIIs) such as entrepreneurial capability, technology infrastructure capability, organizational culture and climate, and government initiatives. It further evaluates the relationship between various technology innovation initiatives and manufacturing performances using multi-criteria decision-making techniques such as fuzzy set theory (FST), structural equation modeling (SEM), and analytic hierarchy process (AHP). It will serve as an ideal reference text for graduate students and academic researchers in the field of industrial engineering, manufacturing engineering, mechanical engineering, automotive engineering.
The book-
- Discusses technology innovation initiatives such as entrepreneurial capability, technology infrastructure capability, and organizational culture.
- Highlights technology innovation-strategy model in assisting manufacturing industries for enhancing their performance in today’s competitive environment
- Examine the effect of technology innovation initiatives on the performance of manufacturing industries.
- Covers multi-criteria decision-making techniques such as fuzzy set theory, structural equation modeling, and analytic hierarchy process.
- Explores the validation of fuzzy-based technology innovation model through structural equation modeling.
The book highlights the need for a technology innovation-strategy model to assist manufacturing industries in enhancing their performance in today’s competitive environment. It will serve as an ideal reference text for graduate students and academic researchers in the field of industrial engineering, manufacturing engineering, mechanical engineering, automotive engineering.
Author(s): Davinder Singh, Jaimal Singh Khamba, Tarun Nanda
Publisher: CRC Press
Year: 2022
Language: English
Pages: 158
City: Boca Raton
Cover
Half Title
Title Page
Copyright Page
Dedication
Table of Contents
Preface
Author Biographies
Acknowledgments
Chapter 1 Technology innovation and its significance
1.1 Introduction
1.2 Innovation typology
1.3 Technology innovation defined
1.4 Important sources of technology innovation
1.5 Significance of technological innovation
1.6 Technological innovation in manufacturing industries
1.7 Concluding remarks
Chapter 2 Globalization and its impact on technology innovation
2.1 Introduction
2.2 Globalization and fourth industrial revolution
2.3 Positive and negative consequences of globalization
2.4 Effect of globalization on technology innovation in manufacturing industries
2.5 Need for technology innovation in the era of globalization
2.6 Concluding remarks
Chapter 3 Technology innovation initiatives in manufacturing industries
3.1 Introduction
3.2 Technology innovation initiatives
3.2.1 Entrepreneurial capability
3.2.1.1 Education level of entrepreneur
3.2.1.2 Entrepreneur training
3.2.1.3 Technical competencies of entrepreneur
3.2.1.4 Work experience of entrepreneur
3.2.1.5 Financial schemes and loan procedure
3.2.2 Technology infrastructure capability
3.2.2.1 Material resources
3.2.2.2 Research and development expenditure
3.2.2.3 Marketing and promoting products
3.2.2.4 Manufacturing technology entirely new to firm
3.2.2.5 Financial strategies for utilization of funds
3.2.2.6 Loans from bank for technology innovation
3.2.3 Organizational culture and climate
3.2.3.1 Motivation of employees
3.2.3.2 Training of employees
3.2.3.3 Availability of skilled manpower
3.2.4 Government initiatives
3.2.4.1 Government support in acquiring latest technology
3.2.4.2 Funds for R&D initiatives
3.3 Concluding remarks
Chapter 4 Reliability analysis of technology innovation initiatives
4.1 Introduction
4.2 Analyses of Preliminary data
4.2.1 Entrepreneurial capability (EC) issues
4.2.2 Technology infrastructure capability (TIC) issues
4.2.3 Organization culture and climate (OCC) issues
4.2.4 Government initiative (GI) issues
4.2.5 Manufacturing performance parameter (MPP) issues
4.3 Relationship between various TIIs and MPPs
4.4 Contribution of tiis in achieving manufacturing performance enhancement
4.4.1 Validation of hypotheses
4.5 Concluding remarks
Chapter 5 Multi-criteria decision-making techniques
5.1 Introduction
5.2 Evaluation of tiis using fuzzy-based model
5.3 Fuzzy inference systems (FIS)
5.3.1 Fuzzification
5.3.2 Rule evaluation
5.3.3 Defuzzification
5.3.3.1 Fuzzification of TI
5.3.3.2 Product performance
5.3.3.3 Sales performance
5.3.4 Result: checking the suitability of TI measures
5.3.5 Fuzzy evaluation rules and solution
5.3.5.1 Interpretations and conclusions
5.4 Analytic hierarchy process (AHP)
5.4.1 Describing model structure: the sub-objectives for decision-making
5.4.2 Hierarchy formulated
5.4.3 Scale used for pair-wise comparison of attributes
5.4.4 Pair-wise comparison of different attributes
5.4.5 Normalization of comparison matrix
5.4.6 Checking for consistency
5.4.7 Priority weights for alternatives
5.5 Concluding remarks
Chapter 6 Structural equation modeling
6.1 Introduction
6.2 Validation of fuzzy-based ti model through structural equation modeling (sem) using amos
6.2.1 Instrument used: AMOS 22.0 software
6.2.2 Independent and dependent variables
6.2.3 Structural equation modeling of TI model
6.2.4 Screening of the data with preliminary analysis
6.2.5 Confirmatory factor analysis
6.2.6 SEM_TI model and result analysis
6.2.7 Modification indices of SEM_TI model
6.3 Concluding remarks
Chapter 7 Case studies
7.1 Introduction
7.2 Introduction to industry ‘A’
7.2.1 Quality policy
7.2.2 Mission
7.2.3 Product range
7.2.4 SWOT analysis at Industry ‘A’
7.2.5 SAP analysis of Industry ‘A’
7.2.5.1 Situation
7.2.5.2 Actor
7.2.5.3 Process
7.2.6 LAP synthesis of Industry ‘A’
7.3 Introduction to industry ‘B’
7.3.1 Milestones
7.3.2 Product range
7.3.3 SWOT analysis at Industry ‘B’
7.3.4 SAP analysis of Industry ‘B’
7.3.4.1 Situation
7.3.4.2 Actor
7.3.4.3 Process
7.3.5 LAP synthesis at Industry ‘B’
7.4 Suggestions and recommendations
7.4.1 Suggestions to the entrepreneurs
7.4.2 Suggestions to the government
7.4.3 Suggestions to banks and other financial institutions
7.5 Concluding remarks
Chapter 8 Conclusions and recommendations
8.1 Introduction
8.2 Summary of the study
8.3 Research contributions
8.3.1 Percent points scored results
8.3.2 Statistical analysis results
8.3.3 Qualitative analysis results
8.3.4 Technology innovation implementation model
8.4 Major findings of the study
8.5 Limitations of the study
8.6 Suggestions for future research
References
Appendix I: Technology innovation questionnaire
Appendix II: Letters of support from various manufacturing organizations
Index
