Discuss the governments initiatives to promote innovation

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Reference no: EM133764874

Homework: Strategic Management of Technology Innovation

Course Learning Outcomes-Covered

I. Recognize the dynamics and the importance of managing technological innovation strategically.

Textbook: Schilling M.A (2020), Strategic Management of Technology Innovation (6th Edition). Mc-Graw Hill Education. Electronic Version: ISBN-13: 978-1260087956 ISBN-10: 1260087956, Printed Version: ISBN-13: 978-1260087956 ISBN-10: 1260087956

Students are required to refer to chapter 1 ‘Introduction' of their textbook.

Clear understanding of the chapter along with continuous critical analyzation of each topic and subtopic is highly recommended.

Based on the knowledge and information gathered by referring to the textbook and the students own thorough research write a detailed report on "Analyzing the Impact of Technological Innovation in KSA"

In a detailed report of 1500-2000 words, critically analyse the role of technological innovation in the socio-economic development of the Kingdom of Saudi Arabia. Your report should focus on how technological advancements have influenced various sectors such as energy, education, healthcare, and urban development in KSA. Additionally, evaluate the potential future impacts of technology on Saudi society, considering both opportunities and challenges.

Guidelines:

I. Introduction:

1. Briefly introduce the concept of technological innovation.
2. Highlight its importance in the global context and its relevance to KSA.

II. Historical Context:

1. Provide an overview of KSA's technological landscape before the initiation of Vision 2030.
2. Discuss the government's initiatives to promote technological innovation as part of Vision 2030.

III. Impact:

1. Economic Development: Discuss how technological innovations have contributed to diversifying the economy beyond oil, focusing on sectors like renewable energy, tourism, and digital infrastructure.

2. Societal Impact: Analyse the effects of technological advancements on education, healthcare, and urban living in KSA. Include examples of significant technological projects or initiatives.

IV. Challenges and Opportunities:

1. Identify and discuss the challenges KSA faces in implementing technological innovations, such as resource allocation, skill gaps, and cultural resistance.

2. Highlight the opportunities that technological advancements present for KSA's future, including job creation, international collaboration, and sustainable development.

V. Conclusion and Recommendations:

1. Summarize your findings and propose recommendations for KSA to maximize the benefits of technological innovation while mitigating potential drawbacks.

VI. References

Reference no: EM133764874

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