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PROGRAM
MASTER OF
BUSINESS ADMINISTRATION (MBA)
SEMESTER
IV
SUBJECT
CODE & NAME
MI0040 –
TECHNOLOGY MANAGEMENT
Qus:1 Define Science and Technology?
In what way Science and Technology support our survival and growth?
Definitions of Science and
Technology 4
Role of Science and Technology in
Survival and Growth 6
Answer: Science is a body of knowledge that
is accumulated as more and more natural phenomena are understood by scientists.
Science becomes technology only when such knowledge is applied to
Qus:2 a. Explain different types of
Innovation.
b. Explain the process of
innovation.
a. Types of innovation 5
b. Process of innovation 5
Answer: Types of innovation
Innovation can be classified into different categories. In
terms of offerings, there are three types of innovations:
Qus:3 With a neat diagram, explain the various stages of
technology life cycle.
Diagram 2
Various stages of technology life
cycle 8
Answer:
Qus:4 a. What are the issues in
strategic decision making in Technology Management?
b. What are the 6 I’s of Strategic
decision making?
a. Issues in Strategic decision
making 5
b. 6I’s of Strategic decision making 5
Answer: Strategic decision making in an
organisation is immeasurable and quite difficult to perform, because it cannot
be analysed and explained easily. There are various issues in strategic
decision making that may arise in an organisation.
Let us discuss the issues in strategic decision making in
the following section:
Rationality in
Qus:5 a. What is competitiveness and what are the indicators of
competitiveness?
b. What are the competitive
strategies (Michael Porter)
a. Competitiveness and indicators of
competitiveness 5
b. Competitive strategies 5
Answer: Competitiveness and Its
Indicators
You may have come across the term ‘competitiveness’ in
different contexts. Generally, it refers to the process by which a person or
entity outperforms another person or entity. The objective of competitiveness
is to win.
However, ability to win through competitiveness requires
certain factors, such as commitment,
Qus:6 Explain the conceptual framework of Management of Technology
with a neat diagram
Diagram 2
Explaining the conceptual framework 8
Answer: MOT refers to a set of management
disciplines that enables organisations to manage their technological aspects to
create competitive advantage. It
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