MI0040 – TECHNOLOGY MANAGEMENT

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ASSIGNMENT

DRIVE	SPRING 2016
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. Describe the concept of technology management. Briefly explain the implications of technology management at the firm level and the national level.

Answer:Technology is a Greek word derived from the synthesis of two words: techne (meaning art) and logos (meaning logic or science). So loosely interpreted, technology means the art of logic or the art of scientific discipline. Formally, it has been defined by Everett M. Rogers as "a design for instrumental action that reduces the uncertainty in the cause-effect relationships involved in achieving a desired outcome". That is, technology encompasses both tangible products, such as the computer, and knowledge about processes and methods, such as the technology of mass production introduced by Henry Ford and others.

Another definition was put forth by J. Paap, as quoted by Michael Bigwood in Research-Technology Management. Paap defined technology as "the use of

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

Answer:Remember when the computer replaced the typewriter business? It took awhile for computers to become prevalent, but the speed of change is increasing. New innovations are accelerating the path to obsolescence for some industries. Here are a few examples of current trends are causing industries to vanish.

b. Explain the process of strategic decision making in an organization.

Answer:One of the essential parts of creating and running a small business is creating a mission or vision for the business and a set of goals the company aims to achieve. Strategic decision making, or strategic planning, describes the process of creating a company's mission and objectives and deciding upon the courses of action a company should pursue to achieve those goals.

Strategic Planning Basics: Strategic decision

Question. 3. a. Explain the concept of strategic planning.

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

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 developments, and it provides a framework to help plan and coordinate technology developments.

c. What is technology forecasting?

Answer:Technology forecasting attempts to predict the future characteristics of useful technological machines, procedures or techniques.

Important aspects: 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

Question. 4. What is the impact of the technology change on the following:

a. Organisational productivity

Answer:

Technological change will have an impact on all organizations. There will be a need for new types of managerial, diplomatic, and social skills and a concomitant need for a new type of decision making process that will not be accommodated by existing organizational structures.

Three particular aspects of the organizational environment will be affected by technological change: the amount of market competition and

b. Quality of work life

Answer:The QWL as strategy of Human Resource Management has assumed increasing interest and importance.There are divergent views as to the exact meaning of QWL. QWL is viewed as that umbrella under which employees feel fully satisfied with the working environment and extend their wholehearted cooperation and support to the management to improve productivity and work environment.

In today's high tech, fast-paced world, the work environment is very different than it was a generation ago. According to the Institute

Question. 5. Describe Global Information System (GIS) with neat diagram.

Answer: Geographical information system is a data processing system that is capable of gathering, analyzing and providing geographic information. GIS systems are used to create maps or display the results of queries for the location of objects or systems.

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

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. 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

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