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DRIVE
SUMMER 2016
PROGRAM
MASTER OF BUSINESS ADMINISTRATION (MBA)
SEMESTER
IV
SUBJECT CODE & NAME
MI0040 – TECHNOLOGY MANAGEMENT
1
Describe the concept of technology management.
Explain
the various stages of strategic technology management system (STMS).
Concept of
technology management
Stages of
strategic technology management system
Answer: Technology
management can be defined as a process of planning, organising, selecting, and
2
Define technological innovation.
Explain
the different types of innovation on the basis of flexibility and in terms of
offerings.
Concept of
technological innovation
Types of
innovation on the basis of flexibility and in terms of offerings
Answer: According to
the Department of Trade and Industry, UK, innovation refers to “the successful exploitation of new ideas”.
In simple words, innovation refers to the invention and successful commercial
exploitation of their invention. Technological innovation is one of the ways of
gaining
3
Briefly explain the guiding principles of technology management.
Guiding principles
of technology management
Answer: Guiding
Principles of Technology Management
·
Value
Creation: It
should be the main intention of the new technology paradigm of an organisation.
Value creation creates demand for the products and services, which in turn
increases the profitability of
·
4
With a neat diagram, explain the various stages of technology life cycle.
Diagram
Various stages
of technology life cycle
Answer: Various stages of technology life
5
a. Define technology transfer. Explain the steps involved in technology
transfer process.
b.
Explain the major categories of technology transfer
Concept of
technology transfer
Steps involved
in technology transfer process
Major categories
of technology transfer
Answer: According to
the National Aeronautics and Space Administration (1965), technology
transfer is “the process of providing
the technology developed for one organisational
6
Explain the technological impacts on different aspects of society.
Technological
impacts on society
Answer: Technological
Impacts on Different Aspects of Society
Technology's
Impact on Business
Business
has been at the forefront of technology for ages. From the discovery of
machines to replace manual labour in industries to the discovery of the
Internet, technology has affected business procedures and
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if urgent then call us on 08791490301, 08273413412
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