OM0018 – Technology Management

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Master of Business Administration - MBA Semester 4

“Operations Management” Specialization

OM 0018 – Technology Management (4 credits)

(Book ID: B1326)

ASSIGNMENT- Set 1

Marks 60

Note: Assignment Set -1 must be written within 6-8 pages.

Answer all questions.

Q1.a. Explain briefly about Managing technology                                               5 marks(150-200) words 

Answer :  Technology Management is set of management disciplines that allows organizations to manage their technological fundamentals to create competitive advantage. Typical concepts used in technology management are technology strategy (a logic or role of technology in organization), technology forecasting (identification of possible

b. Explain any two alternatives for acquiring new technologies.                    5 marks(150-200) words

Answer : Purchasing pre-written software - Purchasing off-the-shelf software packages that are freely available on the market and are written by software developers and tested thoroughly before being released into the market. Comprehensive manuals with software, technical and user support are also available.

Prototyping - Building a scaled-down experimental version of the new information system quickly and inexpensively and is

Q2.a. Explain in brief about the six phases in technology forecasting process.                                                                                                                                  5 marks(150-200) words

Answer : Most companies are immature and uncoordinated when it comes to sales forecasting and demand planning. Follow these six steps to increase forecast accuracy, speed planning cycles, reduce inventory costs, end stock outs and increase customer satisfaction.

Most companies are only beginning to look at sales forecasting and demand planning as two interrelated activities. Vantaa Research applied its Maturity Model analysis to assess responses from 209 qualified research participants (out

b. What are the benefits of technology absorption?                                          5 marks(150-200) words

Answer : TECHNOLOGY ABSORPTION

TECHNOLOGY ABSORPTION:

ADOPTION:

It is the process under which the various features of the technology which is the subject of transfer are suitably modified, changed or altered keeping in the view the needs of the buyer. In other words, the needs of the buyer of technology get crystallized and the supplier makes suitable modifications in the technology being supplied so that it conforms, as far as possible, to the requirements of the buyer

ADAPTION:

Q3. Explain in brief about the innovation management.                                 10 marks(300-400) words

Answer : Innovation management is the discipline of managing processes in innovation. It can be used to develop both product and organizational innovation. Without proper processes, it is not possible for R&D to be efficient; innovation management includes a set of tools that allow managers and engineers to cooperate with a common understanding of goals and processes. The focus of innovation management is to allow the organization to respond to an external or internal opportunity, and use its creative efforts to introduce new ideas, processes or products. Importantly, innovation management is not relegated to R&D;

Q4. Explain the implementation of new technology                                            10 marks(300-400) words

Answer : There are amusing and horrific stories of the trials and tribulations associated with the transfer of technology, and the implementation of new systems and architecture. There are lessons that we can learn

Q5. Briefly describe technological development options and strategies.    10 marks(300-400) words

Answer : Understanding the strategy of the organization is must for developing ineffective IT strategy. If theist strategy does not fit with the overall organization’s vision, there will be constant conflict. Top leadership will need to invest valuable time in articulating the organizational vision and determining how IT will help with meeting

Q6. Explain Technology Development.                                                                 10 marks(300-400)words

Answer : Development Technology

The Development Technology track is aimed at students who do not have an IT-related educational background.  You enter the Development Technology track to supplement your excellent existing experience from your

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