MI0041 – TECHNOLOGY MANAGEMENT

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ASSIGNMENT

DRIVE	FALL 2017
PROGRAM	MBA
SEMESTER	IV
SUBJECT CODE & NAME	MI0041 – 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 allow organizations to manage their technological fundamentals to create competitive advantage. Typical concepts used in technology management are:

·      Technology strategy (a logic or role of

·       

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 dynamic network of agents interacting in a specific economic/industrial area under a

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

Answer: Improving information management practices is a key focus for many organisations, across both the public and private sectors.

The key goal of this article is to help information management projects succeed.

Exploring information management: ‘

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) while in other cases, such as electronic or pharmaceutical products, the lifespan may be quite

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

Answer: There are four phases/steps involved in the technology transfer process. These are as follows:

Technology transfer process

1. Technology acquisitions
2. Technology Absorption
3. Technology Adaptation
4. Technology Improvement

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

Answer: Impact Of Technology On Society:

Technology and human life cannot be separated; society has a cyclical co-dependence on technology. We use technology; depend on technology in our daily life and our needs and demands for technology keep on rising. Humans use technology to travel, to communicate, to learn, to do business and to live in comfort. However technology has also caused us

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