MANAGEMENT OF TECHNOLOGY BPT 3113 Chapter Outline Definition of Technology Technology Components Salient Features of Technology Classification of Technology Concept of Technology Management Nature of Technology Management ID: 241521
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INTRODUCTION TO TECHNOLOGY MANAGEMENT
MANAGEMENT OF TECHNOLOGY BPT 3113Slide2
Chapter Outline
Definition of Technology
Technology Components
Salient Features of Technology
Classification of TechnologyConcept of Technology ManagementNature of Technology ManagementDrivers of MOT
Responding to Technology ChallengeSlide3
Define technology and understand different technology types
Explain the concept and significance of technology managementUnderstand the challenges of technology changes and the way organization can respond to it
Lesson OutcomeSlide4
Introduction
Management of Technology
Organization
Sustainable competitive advantage and long-term profitability
Academic Institutions
A new discipline Slide5
Definition
“the knowledge, products, processes, tools, methods and systems employed in the creation of goods or in providing services”
TECHNOLOGY
[
Tarek
Khalil
(2000) ]Slide6
ComponentsSlide7
Salient FeaturesSlide8
Classification of TechnologySlide9
Any newly introduced or implemented technology that has an explicit impact on the way a company produces products or provides services
Classified as a new whenever introduced for the first time in a new situation
Has a profound effect on improving productivity and maintaining a competitive business enterprise
Example :
New computer software introduced to develop engineering drawing and thus replace manual drafting
New TechnologySlide10
Any technology that is not yet fully commercialized but will become so within a few years
It may be currently in limited use but is expected to evolve significantly
Create new industries and may make existing ones obsolete
Have the potential of triggering large changes in institutions and in society itself
Emerging Tech.Slide11
Refers to advanced or sophisticated technologies
Wide set of technologies that
fall between high and low technologies
Technologies that have permeated large segments of human society
High
Medium
LowSlide12
Tacit Tech.
Non articulated knowledge – no uniformity in the way it is presented or expressed to a large group of people
Based on experiences where the technology developers are the ones who have the know-how in question
Transmitted by demonstration or observation, followed by assimilation by those who seek the knowledge
Occurs by close contact and interaction between the source and the host
Transferring process is harder, less precise and more time-consumingSlide13
Codified Tech.
Technology can be preserved & effectively transferred among users if it is expressed in a coded form
Allow people to know how technology works but not necessarily why it works in a certain way
Example :
Engineering drawing – expressing shape, dimension and tolerances about a productSlide14
Concept of MOT
“An interdisciplinary field concerned with the planning, development and implementation of technological capabilities to shape and accomplish the operational and strategic objectives of an organization”
Management of Technology
[National Research Council Report (1987)]Slide15
Nature of MOT
It is a
Process
Planning
DevelopmentImplementation / Commercialization
It is
Goal Oriented
Satisfying human needs
Improving the competitive advantage and profitability of enterprise
It is an
Interdisciplinary Mix
It is a
System
It
Involves Risk
It is
Socially Beneficial
It is
EvolutionarySlide16
Drivers of MOTSlide17
Responding to
Technology ChallengeSlide18
Summary
Technology consists of 3 interdependent components.
Technology can be classified as new, emerging, high, medium, low, tacit and codified.
Technology management is a process, goal oriented system and interdisciplinary mix. It is evolutionary in nature.
Technology management is an engine of economic growth and improves quality of life of people in society.
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