BB0026–TECHNOLOGY MANAGEMENT

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ASSIGNMENT

DRIVE	SPRING 2016
PROGRAM	BACHELOR OF BUSINESS ADMINISTRATION (BBA)
SEMESTER	IV
SUBJECT CODE & NAME	BB0026–TECHNOLOGY MANAGEMENT
BK ID	B0105
CREDITS	2
MARKS	30

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. Define technology. What is the relation between technology, management and administration?

Answer:Technology management is set of management disciplines that allows organizations to manage their technological fundamentals to create competitive advantage. Typical concepts used in technology management are:

·         technology strategy (a logic or role of technology in organization),

·         technology forecasting (identification of

Question.2. Briefly discuss steps of technology Management Cycle.

Answer:The technology life-cycle (TLC) describes the commercial gain of a product through the expense of research and development phase, and the financial return during its "vital life". Some technologies, such as steel, paper or cement manufacturing, have a long lifespan (with minor variations in technology incorporated with time) whilst in other cases, such as electronic or pharmaceutical products, the lifespan may be quite short.

Question.3. Briefly discuss impact of Technological change on Firm Competencies.

Answer:Technological change, technological development, technological achievement, or technological progress is the overall process of invention, innovation and diffusion of technology or processes. In essence technological change is the invention of technologies (including processes) and their commercialization via research and development (producing emerging technologies), the continual improvement of technologies (in which they often become less expensive), and the diffusion of technologies throughout industry

Dear students get fully solved assignments

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