OM0018 – TECHNOLOGY MANAGEMENT

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DRIVE

Spring 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

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 advantage and survival in the cutthroat corporate world. There are numerous cases in which a particular organisation gained a significant edge over other organisations with the help of technological innovations

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

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 technology in the production system from the R&D facility.

Steps involved in technology transfer process:

The steps involved in a generic technology transfer process are

Formal disclosure of the invention: In this step, an organisation or institution formally discloses the invention of any

Q.6: a. Explain the impact of technological change on organizational productivity

b. Explain the impact of technological change on education and knowledge acquisition

(Impact of technological change on organizational productivity

Impact of technological change on education and knowledge Acquisition)

Answer:

Impact of Technological Change on Organisational Productivity:

Productivity refers to the amount of output at a given amount of input. Technological change is part of the fundamental factors that can permanently improve organisational productivity. It is a commonly accepted fact that better tools and techniques yield more output at lower input. In addition, output increases when manual processes are replaced by machines. Therefore, as you can see, improvement in technology helps organisations in a number of ways.

Let us consider an example. When the State Bank of India was finding it difficult to compete with private banks, it brought revolutionary technological change

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