OM0018 – TECHNOLOGY MANAGEMENT

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ASSIGNMENT

DRIVE	SUMMER 2016
PROGRAM	MASTER OF BUSINESS ADMINISTRATION (MBA)
SEMESTER	IV
SUBJECT CODE & NAME	OM0018 – TECHNOLOGY MANAGEMENT
BK ID	B1979
CREDITS	4
MARKS	60

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

Question.1. Describe the concept of technology management.

Explain the various stages of strategic technology management system (STMS).

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 relevant technologies for the organization, possibly through technology scouting),

Question.2. Define technological innovation.

Explain the different types of innovation on the basis of flexibility and in terms of offerings.

Answer:The technological innovation system is a concept developed within the scientific field of innovation studies which serves to explain the nature and rate of technological change. A Technological Innovation System can be defined as ‘a

Question.3. Briefly explain the guiding principles of technology management.

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 relevant technologies for the organization, possibly through technology scouting),

•        Technology roadmap (mapping technologies to business and market needs), and

•        Technology project portfolio (a set of projects under

Question.4. With a neat diagram, explain the various stages of technology life cycle.

Answer:The technology life-cycle (TLC) describes the commercial gain of a product through the expense of research and development phase, and the financial return during its "vital life". Some technologies, such as steel, paper or cement manufacturing, have a long lifespan (with minor variations in technology incorporated with time) whilst in other cases, such as electronic or pharmaceutical products, the lifespan may be quite short.

Question.5. a. Define technology transfer. Explain the steps involved in technology transfer process.

Answer:Technology transfer, also called transfer of technology (TOT), is the process of transferring skills, knowledge, technologies, methods of manufacturing, samples of manufacturing and facilities among governments or universities and other institutions to ensure that scientific and technological developments are accessible to a wider range of users who can then further develop and exploit the technology into new products, processes, applications, materials or services. It is closely related to (and may arguably be considered a subset of) knowledge transfer. Horizontal transfer is the movement of technologies from one area to another

b. Explain the major categories of technology transfer

Answer:According to Carayannis et al., technology transfer usually involves some source of technology, created and owned by a group which possess specialized technical skills; this group then transfers the technology to a target group of

Question.6. Explain the technological impacts on different aspects of society.

Answer:Technology society and life or technology and culture refers to cyclical co-dependence, co-influence, and co-production of technology and society upon the other (technology upon culture, and vice versa). This synergistic relationship occurred from the dawn of humankind, with the invention of simple tools and continues into modern technologies such as the printing press and computers. The academic discipline studying the impacts of science, technology, and society, and vice versa is called science and technology studies.

Dear students get fully solved assignments

Send your semester & Specialization name to our mail id :

help.mbaassignments@gmail.com

or

call us at : 08263069601