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DRIVE
SUMMER
2016
PROGRAM
MASTER
OF BUSINESS ADMINISTRATION (MBA)
SEMESTER
IV
SUBJECT
CODE & NAME
OM0018
– TECHNOLOGY MANAGEMENT
Q.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
ANS:
Concept
of technology management:
Technology management
can be defined as a process of planning, organising, selecting, and controlling
technological resources to
Q.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
ANS:
Concept
of technological innovation:
“Innovation is the
change that creates a new dimension of performance”.
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 competitive advantage
Q.3:
Briefly explain the guiding principles of technology management.
Guiding
principles of technology management
ANS:
Guiding
principles of technology management:
Principles act as a
guiding force in the management of any operation. For instance, to execute the
marketing activities of an organisation, certain principles should be followed.
These principles are value creation,
Q.4:
With a neat diagram, explain the various stages of technology life cycle.
Diagram
Various
stages of technology life cycle
ANS:
Diagram:
Q.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
ANS:
Concept
of technology transfer:
It involves the
transfer of adoption of technology from the internal sources in the
organisation or implementing technology in the production system from the
R&D facility.
Steps
involved in technology transfer process:
The steps involved in a
generic technology transfer process are
Formal
disclosure of the invention:
In this step, an organisation or institution formally discloses the invention
of any new
Q.6:
Explain the technological impacts on different aspects of society.
Technological
impacts on society
ANS:
Technological
impacts on society:
The impact of
technology on each of these aspects in detail in the following section.
Technology's
Impact on BusinessBusiness
has been at the forefront of technology for ages. From the discovery of
machines to replace
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