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DISCOVERY
INVENTION
Creation, development
(Make or design that did not exist
before)
INNOVATION
Novelty, originality
(Make changes or introduce new
things)
TECHNOLOGY
Scientific
Discovery
The atom
Invention
Machine to split
the atom
Innovation
Technology
Atom Bomb
TECHNOLOGY
The branch of knowledge that deals with
industrial arts, applied science, or engineering.
The processes used to change inputs into outputs.
The application of knowledge to perform work.
The theoretical and practical knowledge, skills,
and artifacts that can be used to develop products
as well as their production and delivery system.
The application of science , especially for
industrial or commercial objectives and the entire
body of methods and materials used to achieve
such objectives.
TECHNOLOGY (Defn)
ORGANIZATIONAL ENVIRONMENT
INPUTS
Human
Physical
Financial
Information
TRANSFORMATIONAL
PROCESS
Management Input
Operations
Production
Integration of ideas and
actions
FEEDBACK LOOPS
OUTPUTS
Products
Services
Lessons Learned
TYPES OF TECHNOLOGY
New Technology
A new technology is newly introduced or implemented technology that has
an explicit impact on the way a company produces products or provides
services (Software).
Emerging Technology
Any technology that is not yet fully commercialized but will become so
within five years (Genetic engineering, Nanotechnology).
High Technology
Low Technology
Appropriate Technology
A good match between the technology utilized and the resources for its optimal
use. The technology could be of any level low, medium, or high.
Tacit Technology
Kind of knowledge that is difficult to transfer to another person by means of
writing it down or verbalizing it e.g. design and use complex equipment
requires all sorts of knowledge that is not always known explicitly, even by
expert practitioners
Codified technology
To organize or arrange systematically, especially in writing
LEVELS OF DEVELOPMENT
Intuitive/Tacit
Codify /
Verify
Science
Formalized
Knowledge
Develop
Physically
Embodied Products
and Processes
MANAGEMENT OF TECHNOLOGY
Engineering
activities
Financial
System
Management
Science
Techniques
Production
and operation
procedures
Management of
technology and
Innovation
(Strategic and
operational)
DecisionMaking
Processes
Managers
Experience
and
Organization
al History
Socio-Technical
Systems Design
Group and
Team Behavior
MANAGEMENT OF TECHNOLOGY
Mgt. of technology is an interdisciplinary field that
integrates science, engineering, and management
knowledge and practice.
Managing technology implies managing the systems
that enable the creating, acquiring, and exploitation
of technology.
It involves assuming responsibility for creating,
acquiring, and spinning out technology to aid human
endeavors and satisfy customers needs.
MANAGEMENT OF TECHNOLOGY
The National Task Force on Technology has listed five specific reasons individuals
and organizations should be concerned about the management of technology
Process technology
Includes
work
methods
equipments,
Product technology
Elements of technology embodied in the product
and services
IMPORTANT QUESTIONS
1) Define Technology.
2) Discuss the levels of technology development?
3) Technology Development is a process of social
construction. Discuss.
4) What are the characteristics of technology?
5) What is meant by Management of technology?
6) What do you understand by Resource-based views and
Market-based views in management of technology?
7) Value chain provides a mechanism to capture the cost
structure of the firm. Discuss.
8) Distinguish between Process technology and Product
technology.
9) What do you mean by Value creation and Competitive
edge?