Management of Technology (MOT )

Management of Technology (MOT) links management with engineering and science

to help organisations meet the challenge of fast changing technology. It is an
integration of technology and management. Technology is the means for
accomplishing a task it includes whatever is needed to convert resources into
products or services. It is the body of scientific and engineering knowledge to be
applied in the design of products and processes or in the search of new knowledge.
Management of Technology involves many issues such as
The process of innovation in the firm
The strategic management of R & D
The reduction of new product development times
The effective use of information system and technologies
The effect of new technologies on strategies of the firm
Moving into new technologies timing and choice
Internal technology venturing
Strategic alliances for technology acquisition and product development
High tech marketing
Risk management of technological projects
Development of new competencies

TECHNOLOGY
Technology is the application of scientific knowledge for practical purposes or
the branch of knowledge concerned with applied sciences.
Attributes of Technology: Function, Principle of organisation, Level of importance,
Structure, Material, Size.