MI0040 – TECHNOLOGY MANAGEMENT

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ASSIGNMENT

DRIVE	SUMMER 2017
PROGRAM	Master of Business Administration – MBA
SEMESTER	IV
SUBJECT CODE & NAME	MI0040 – 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. Define Science and Technology? In what way Science and Technology support our survival and growth?

Answer: The role of science and technology in future design will be discussed from the perspective of someone who has lived all his life in the United States and whose scientific experience has spanned the years since the late 1930s. It is likely that the reader will find in my discussion characteristics that apply to many developed countries and developing ones. Inasmuch as scientific progress is highly dependent on financial support and, in modern times, on general societal support, it is appropriate to discuss the interaction of science and society. Using the United States as an example, some of the topics to be discussed are the views of public officials who influence the distribution of research funds, the response of

Question. 2. a. Explain different types of Innovation.

Answer: It is remarkable how many people are under the false assumption that companies are either innovative or not.   This is a very polarizing and simplistic perspective that does not take into account the different types of innovations that companies can and do pursue.

For this post, let’s break down innovation into two dimensions:  Technology and Market, which gives us the following 4 types of innovation:

b. Explain the process of innovation.

Answer: Taking an idea from a basic concept to a working product available in the marketplace is highly rewarding but involves a long and complex process. Recognising and understanding the process and navigating through it using the support available can mean the difference between success and failure.

Question. 3. 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)

Question. 4. a. What are the issues in strategic decision making in Technology Management?

Answer: IT now permeates every fibre of every business and increasingly must extend outside the traditional business boundary. With 77% of people using mobile as primary route to the internet (Google Think Insights), organisations need

b. What are the 6 I’s of Strategic decision making?         

Answer: Strategic Decision Making is a continuous process. There are various models for strategy generation. But still a question that bothers us is - "How do we formulate and decide a strategy?"

Question. 5. a. What is competitiveness and what are the indicators of competitiveness?

Answer: Existing competitiveness indicator systems were used as guidelines in forming the framework behind the Index. Three convergent pillars were found among the most common key indicator areas: Economic Dynamism, Government Efficiency and Infrastructure. The framework integrates these pillars of local economic development and competitiveness up to the regional, national, and global levels.

Question. 6. Explain the conceptual framework of Management of Technology with a neat diagram

Answer: Technology management is a 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

Dear students get fully solved assignments

Send your semester & Specialization name to our mail id :

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or

Call us at : 08263069601

(Prefer mailing. Call in emergency )