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DRIVE
fall
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
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
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
Q.4:
With a neat diagram, explain the various stages of technology life cycle.
Diagram
Various
stages of technology life cycle
ANS:
Diagram:
5. a. Define strategy. Explain the different
approaches to strategic decision making.
b. Describe the different issues in strategic
decision making.
Concept of strategy
Approaches to strategic decision making
Issues in strategic decision making
Answer:
Igor
Ansoff, known as the father of strategic management, established the concept of
strategy in the 1960s. A strategy can be defined as a plan of action to achieve
a set of pre-determined and specific goals. The word ‘strategy’ originated from
the Greek word ‘strategia’,
meaning a military general. There is no definite
6.a. Explain the impact of technological change on
organisational productivity
b. Explain the impact of technological change on
education and knowledge acquisition
Impact of technological change on organisational
productivity
Impact of technological change on education and
knowledge acquisition
Answer:
Impact of
Technological Change on Organisational Productivity:
Productivity
refers to the amount of output at a given amount of input.
Technological
change is part of the fundamental factors that can permanently improve
organisational productivity. It is a commonly accepted fact that better tools
and techniques yield more output at lower input. In addition, output increases
when manual processes are replaced by machines. Therefore, as you can see,
improvement in
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