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DRIVE
SUMMER 2016
PROGRAM
MASTER OF BUSINESS ADMINISTRATION (MBA)
SEMESTER
IV
SUBJECT CODE & NAME
MI0040 – TECHNOLOGY MANAGEMENT
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
Answer: Technology management can be defined
as a process of planning, organising, selecting, and
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
Answer: 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
3 Briefly
explain the guiding principles of technology management.
Guiding principles
of technology management
Answer: Guiding Principles of Technology
Management
·
Value Creation: It should be the
main intention of the new technology paradigm of an organisation. Value
creation creates demand for the products and services, which in turn increases
the profitability of
·
4 With
a neat diagram, explain the various stages of technology life cycle.
Diagram
Various stages
of technology life cycle
Answer: Various stages of technology life
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
Answer: According to the National
Aeronautics and Space Administration (1965), technology transfer is “the process of providing the technology
developed for one organisational
6 Explain
the technological impacts on different aspects of society.
Technological
impacts on society
Answer: Technological
Impacts on Different Aspects of Society
Technology's
Impact on Business
Business has
been at the forefront of technology for ages. From the discovery of machines to
replace manual labour in industries to the discovery of the Internet,
technology has affected business procedures and
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