Management of Technological Innovation in the Lebanese Industry

Technology and innovation are two important elements in improving efficiency and productivity, and competitiveness in organizations. Therefore, what differentiate successful organizations from others is in their management of technology and innovation. This objective of this paper is to investigate project will focus on the strategic management of technology and innovation in established Lebanese firms and in different economic sectors. Information was collected through a survey questionnaire. Forty Lebanese companies operating in the financial sector, manufacturing sector, information and communication technology (ICT) sector, food sector and software technology sector were surveyed. The data collected was analyzed in order to identify the different technology management strategies across each sector and in the country as a whole. The results reflect on the level of appreciation and importance of technology management and innovation in Lebanese firms. The paper concludes with recommendations on steps that needs to be carried out by the different sectors, including government, private, and education (Technology Triangle), to improve the management of technology and innovation in Lebanon