EM 900 /Engineering Management
March 22, 2014
1. What is innovation management?
Innovation management is the regulation of managing processes in innovation. According to Richard Feynman innovation is all about discovery. Innovation management is the process of capturing and managing organizational innovation. Today many companies have organization-wide innovation management programs. This is due to increased recognition that innovation is essential for motivating business growth and maintaining competitive advantage.
Competency: Every institute/organization has its own history and set of capabilities, which determine its innovation competency. And innovation has ...view middle of the document...
Students who take part in entrepreneurship programs as undergraduates gain insights not available from traditional engineering education, such as understanding and designing for end users (“empathy”), working in and managing interdisciplinary teams, communicating effectively, thinking critically, understanding business basics, and solving open-ended problems (ABET 1995; NAE 2004).
In recent times, technology entrepreneurs have become American heroes, and the entrepreneurial process has been embraced as a key element of the country’s future success and global leadership. The White House has emphasized entrepreneurship as a means of driving innovation: in addition to improving STEM education, President Obama’s strategy for American innovation calls for an investment in high-growth and innovation-based entrepreneurship to drive the US economy (NEC 2011).
3. What is “systems engineering” and why is it important for engineers to know its theory and application?
Systems Engineering integrates all the disciplines and specialty groups into a team effort forming a structured development process that proceeds from concept to production to operation. Systems Engineering considers both the business and the technical needs of all customers with the goal of providing a quality product that meets the user need. |
Systems engineering is also a systematic, disciplined approach for the design, realization, technical management, operations, and retirement of a system. A “system” is a construct or collection of different elements that together produce results not obtainable by the elements alone. The elements, or parts, can include people, hardware, software, facilities, policies, and documents; that is, all things required to produce system-level results.
State the problem: The problem declaration starts with a explanation of the top-level
Function that the system must perform or the shortage that must be ameliorated. It
includes system requirements stated in terms of what must be done, not how to do it. It
might be composed in words or as a model. It includes system requirements stated in terms of what must be done, not how to do it. It might be composed in words or as a model.
Investigating Alternatives:Alternative designs are evaluated based on performance, cost, schedule and risk criteria. No design is likely to be best on all criteria, so multicriteria decision-aiding techniques should be used to reveal the preferred alternatives. This analysis should be redone whenever more data are available.
Model the systems: Models will be developed for most alternative designs. The model for the preferred substitute will be expanded and used to help manage the system throughout its entire life cycle. Many types of system models are used, such as physical analogs, analytic equations, and state machines.
Integrate:Integration means bringing things together so they work as a whole. System integration means bringing subsystems together to...