REVIEW PAPER ON TECHNOLOGICAL INNOVATION MANAGEMENT

Abstract

Innovation and technology management is an inevitable issue in the high end technological and innovative organizations. In order to lead in the market, organizations continuously focus on the innovative product development. For developing the product, innovations play a crucial role in any organization in order to grow business faster, increase productivity and that helps to any organization to lead in global market. In the current situation, every organization tries to implement technology at workplaces to give better path to innovation that helps to any organization to beat their competitors. The technological innovation directly affects the business of any organization that’s why effective management of innovation and technology is very important within the business. Effective management can help to any organization to sustain leading position in the market. This review provides an overview of innovation in business focusing on innovation types based on different parameters, technological innovation in the digital business environment, barriers, and management of technological innovation.