25-08-2017, 09:32 PM
Technology Management
Technology.ppt (Size: 4.08 MB / Downloads: 52)
Why MOT?
Rapidly changing technology which is changing every industry and every business
Rapidly increasing competition which will eventually envelop every market niche, no matter how sheltered.
Increasingly efficient financial markets requiring ever shorter term returns.
Technology
Technology consists of three components
Hardware – The physical structure and logical layout of the equipment or machinery that is to be used to carry out the required tasks
Software – The knowledge of how to use the hardware in order to carry out the required tasks
Brainware – the reasons for using the technology in a particular way. This is referred to as know-why.
Radio and Television
Television will not be able to hold on to any market it captures after the first six months. People will soon get tired of staring at a plywood box every night.
- Daryl F. Zanuck, Head of 20th Century-Fox, 1946
Management
Art of getting people together to accomplish the desired goals
Management comprises
Planning
Organizing
Staffing
Directing
Controlling
Manages deployment and manipulation ofhuman resources, financial resources,technological resources and naturalresources
Management of Technology
A discipline of management wherein an organization leverages the technological fundamentals to create competitive advantage
An integrated application of engineering, science and management capabilities
Process of MOT includes
Identification of technologies
Selecting
Procurement
Assimilation
Exploitation of technologies for production of goods and services
Goals and strategies of a Firm
A firm’s goals and strategies represent the aggregate of its products, technologies, and services
For such goals to be credible they must be linked directly to the set of development projects the firm intends to undertake (referred to business architecture)
A business architecture in MOT identifies what business parameters to address to make a good business decision regarding key problems encountered in achieving objectives and goals of the strategies of a new development project