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DRIVE
Winter
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 maintain or increase the capability and efficiency
of an organisation. According to the Association of Technology Management and
Applied Engineering, technology management is, “the field concerned with the
supervision of personnel across the technical spectrum and a wide variety of
complex technological systems.” Therefore, we can see that technology
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
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, fulfilment of consumer needs, etc.
Similarly, a new technology paradigm requires definite guiding principles.
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
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
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
operations considerably. The emergence of computers
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