MI0040 – TECHNOLOGY MANAGEMENT

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ASSIGNMENT

DRIVE	SPRING 2015
PROGRAM	MBADS (SEM 4/SEM 6)MBAFLEX/ MBA (SEM 4) PGDOMN (SEM 2)
SUBJECT CODE & NAME	MI0040 – TECHNOLOGY MANAGEMENT
CREDITS	4
BK ID	B2010
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.

Q 1 a. What do you mean by S&T policies of organisations?

Answer: Science and Technology policies of organisations are:

·         AAAS Center of Science, Policy and Society Programs : The Directorate for Science and Policy Programs (SPP) serves society, government, and the research community through a diverse set of activities. Its programs address several objectives of the American Association for the Advancement of Science (AAAS), including furthering the work of scientists, improving the effectiveness of science in the promotion of human

b. What is the role of innovation in S&T?

Answer: “Science is more essential for our prosperity, our security, our health, our environment, and our quality of life than it has ever been before.” The stunning advances in various fields of science and technology have had a profound impact on our lives in almost every sphere of activity, such as health, agriculture, communication, transportation, and defence. These advances have been driven by an ever-growing volume of exciting discoveries, largely emanating from science laboratories in the West, and by their transformation into new products or

Q 2 a. Write about the changing trends in the industry.

Answer: There are number of factors that changes in industry day by day. Following are:

·         Paper Maps Folding Into GPS: Global positioning systems (GPS) are popular gadgets for drivers, pilots, hikers, boaters and anyone else attempting to find their way. Personal navigation devices (PNDs) have become so common, rental car companies make them available for rent with their cars. Instead of attempting to follow tiny lines on an ever-folded page, you simply click on your desired destination and the PND feeds

b. Explain the methods for Strategic Analysis and Decision Making.

Answer: Strategic planning is the process of creating a mission, objectives and then creating and implementing strategies to fulfill the mission and work toward objectives.

·         Market Research: Market research is the process of gathering information about a certain market, such as the preferences of potential customers, the presence of competitors and the current state of the market. Market

Q: 3 a. Explain about the concept of strategic planning

Answer: A systematic process of envisioning a desired future, and translating this vision into broadly defined goals or objectives and a sequence of steps to achieve them.

In contrast to long-term planning (which begins with the current status and lays down a path to meet estimated future needs), strategic planning begins with the desired-end and works backward to the current status. Strategic planning involves clearly defining the organization's mission and an assessment of its current state and competitive landscape.

b. Describe the concept of technology maps.

Answer: A technology roadmap is a plan that matches short-term and long-term goals with specific technology solutions to help meet those goals. It is a plan that applies to a new product or process, or to an emerging technology. Developing a roadmap has three major uses. It helps reach a consensus about a set of needs and the technologies required to satisfy those needs; it provides a mechanism to help forecast technology

c. What is technology forecasting?

Answer: Technology forecasting attempts to predict the future characteristics of useful technological machines, procedures or techniques. Primarily, a technological forecast deals with the characteristics of technology, such as levels of technical performance, like speed of a military aircraft, the power in watts of a particular future engine, the accuracy or precision of a measuring instrument, the number of transistors in a chip in the year 2015, etc. The forecast does not have to state how these characteristics will be achieved.

The whole purpose of

Q 4 What is the impact of the technology change on the following:

a. Organisational productivity: Productivity is an average measure of the efficiency of production. It can be expressed as the ratio of output to inputs used in the production process, i.e. output per unit of input.

When all outputs and inputs are included in the productivity measure it is called total productivity. Outputs and inputs are defined in the total productivity measure as their economic values. The value of outputs minus the value of inputs is a measure of the income generated in a production process. It is a measure of total efficiency of a production

b. Quality of work life: In today's high tech, fast-paced world, the work environment is very different than it was a generation ago. According to the Institute of Industrial Engineers, it is not uncommon for a person to change careers an average of six times in his or her lifetime. It is now rare for a person to stay with a single company his or her entire working life. Because employees are often willing to leave a company for better opportunities, companies need to find ways not only to hire qualified people, but also to retain them.

Q 5 Demonstrate Global Information System.

Answer: Global Information Systems has been providing the Pipeline Industry with solutions and software products to manage asset data, business workflows, and regulatory compliance. We are committed to providing our customers with excellent service and innovative value solutions that capitalize on our expertise in software development, field technology, and mapping. We know that no two businesses are alike, which is why we provide all of our clients with one-on-one consultation and configurable solutions, and we guarantee that our industry experts will work with your company to make sure that you are completely

Q 6 Explain the conceptual framework of Management of Technology.

Answer: A conceptual framework is an analytical tool with several variations and contexts. It is used to make conceptual distinctions and organize ideas. Strong conceptual frameworks capture something real and do this in a way that is easy to remember and apply. For example, Isaiah Berlin used the metaphor of a “Fox” and a “Hedgehog” to make conceptual distinctions in how important philosophers and authors view the world. Berlin describes hedgehogs as those who use a single idea or organizing principle to view the world (examples given include Dante, Pascal, Dostoevsky, Plato, Ibsen and Hegel). Foxes, on the other hand, incorporate a type of

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