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DRIVE
Fall
2017
PROGRAM
MASTER
OF BUSINESS ADMINISTRATION (MBA)
SEMESTER
IV
SUBJECT
CODE & NAME
OM0018
– TECHNOLOGY MANAGEMENT
Q.1:
Describe the concept of technology management. Explain the various stages of
strategic technology management system (STMS).
Concept
of technology management
Stages
of strategic technology management system
ANS:
Concept
of technology management:
Technology management can be defined as a process of
planning, organising, selecting, and controlling technological resources to
maintain or increase the capability and efficiency of an organisation.
According to the Association of Technology Management and Applied Engineering,
technology management is, “the field concerned with the supervision of
personnel across the technical spectrum and a wide
Q.2:
Define technological innovation. Explain the different types of innovation on
the basis of flexibility and in terms of offerings.
Concept
of technological innovation
Types
of innovation on the basis of flexibility and in terms of offerings
ANS:
Concept
of technological innovation:
“Innovation is the change that creates a new dimension
of performance”.
According to
the Department of Trade and Industry, UK, innovation refers to “the successful
exploitation of new ideas”. In simple words, innovation refers to the invention
and successful commercial exploitation of their invention. Technological
innovation is one of the ways of gaining competitive
Q.3:
Briefly explain the guiding principles of technology management.
Guiding
principles of technology management
ANS:
Guiding
principles of technology management:
Principles act as a guiding force in the management of
any operation. For instance, to execute the marketing activities of an
organisation, certain principles should be followed. These principles are value
creation, fulfilment of consumer needs, etc. Similarly, a new technology
paradigm requires definite guiding principles. Betz et
Q.4:
With a neat diagram, explain the various stages of technology life cycle.
Diagram
Various
stages of technology life cycle
ANS:
Diagram:
Q.5:
a. Define technology transfer. Explain the steps involved in technology
transfer process.
b.
Explain the major categories of technology transfer
Concept
of technology transfer
Steps
involved in technology transfer process
Major
categories of technology transfer
ANS:
Concept
of technology transfer:
It involves the transfer of adoption of technology
from the internal sources in the organisation or implementing
Q.6:
Explain the technological impacts on different aspects of society.
Technological
impacts on society
Answer:
There
occurs a cyclical relationship between technology and society.
Technology
has brought
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