OM0018- TECHNOLOGY MANAGEMENT

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ASSIGNMENT

DRIVE	SPRING 2016
PROGRAM	MASTER OF BUSINESS ADMINISTRATION (MBA)
SEMESTER	IV
SUBJECT CODE & NAME	OM0018- TECHNOLOGY MANAGEMENT
BK ID	B1979
CREDIT	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. What do you mean by technology diffusion? How can you relate globalisation withtechnology diffusion?

Answer:Diffusion of innovations is a theory that seeks to explain how, why, and at what rate new ideas and technology spread. Everett Rogers, a professor of communication studies, popularized the theory in his book Diffusion of Innovations; the book was first published in 1962, and is now in its fifth edition (2003). Rogers argues that diffusion is the process by which an innovation is communicated over time among the participants in a social system. The origins of the diffusion of innovations theory are varied and span multiple

Question.2. Explain long-wave cycle. Point out its stages.

Answer:In economics, Kondratiev waves (also called supercycles, great surges, long waves, K-waves or the long economic cycle) are supposed cycle-like phenomena in the modern world economy.It is stated that the period of a wave ranges from forty to sixty years, the cycles consist of alternating intervals between high sectoral growth and intervals of relatively slow growth.

Question.3.Write short notes on-

a. Performance Assessment Methods

Answer:A performance management process involves an assessment or an analysis of what has been achieved and forms a basis for career planning, potential development, performance agreements and development plans like Douglas Mc. Gregor suggested that emphasis should be on analysis and not on appraisal. Performance management process is forward looking. Performance assessments depend upon the ability to judge a performance which further depends upon specification of clear standards and avoidance of

b. Alliance Versus Rivalry

Answer:Na'vi is one of the most storied teams in DOTA history. Winners of the first International tournament, and runners up in the second and third International, Na'vi has always been in the discussion for best DOTA 2 team in the world since the game was in extremely closed beta. With living legends such as Ars Art and LightofHeaven as former members and DOTA prodigies like Dendi on the current roster, Na'vi's

c. Integrating Technology and Strategic Plans

Answer:Advances in technology drive a great amount of the change that occurs in business organizations. The competitive advantage in today's business environment includes, in great part, staying on top of technological advancements that impact your industry. Business strategies that include acquiring new technologies

d. Value Creation

Answer:The performance of actions that increase the worth of goods, services or even a business. Many business operators now focus on value creation both in the context of creating better value for customers purchasing its products and services, as well as for shareholders in the business who want to see their stake

Question.4. What is Strategic Planning? Define points covered in Strategic Planning Process.

Answer:Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy. It may also extend to control mechanisms for guiding the implementation of the strategy. Strategic planning became prominent in corporations during the 1960s and remains an important aspect of strategic management. It is executed by strategic planners or strategists, who involve

Question.5. Define technological change? Provide examples in support of your answer.

Answer:Technological change, technological development, technological achievement, or technological progress is the overall process of invention, innovation and diffusion of technology or processes. In essence technological change is the invention of technologies (including processes) and their commercialization via research and development (producing emerging technologies), the continual improvement of technologies (in

Question.6. Questions:

1. With the help of the case study, explain why technology management is importantfor an organisation.

Answer:Technology management is a set of management disciplines that allows organizations to manage its technological fundamentals to create competitive advantage. It is very important for an organization to manage its technology strategically because when it is not well managed, it might result into a big loss in the organization.

2. What are the advantages and disadvantages of RFID? Relate to the context ofWalmart.

Answer:Radio Frequency Identification has existed since the 1970s but has only recently gained popularity for its uses. It was first implemented to help the owners of livestock keep track of their animal (Bonsor, Keener, &Fenlon, n.d.). Presently, RFID systems have developed to the point where they have hundreds of uses, ranging from tracking luggage at an airport to detailing a patient’s medical history in a hospital.

Dear students get fully solved assignments

Send your semester & Specialization name to our mail id :

help.mbaassignments@gmail.com

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