Master of Business Administration - Semester 4 OM0018 Technology Management Assignment: Set - 1 (60 Marks)

Note: Each Question carries 10 marks. Answer all the questions. Q1.Define the term technology. Write a short note on evolution and growth of technology.
Technology Forecasting Before we start our discussion on technology forecasting, let us first define forecasting. Generally, forecasting refers to the prediction of future on the basis of available information. In the early days, traditional forecasts used to deal with the speed and power. They did not focus on the structures of the organisation. It was assumed that inventions of the future are not easy to predict. The forecasters were not focussed on evaluation of the forecast process. We can define technology forecasting as the process that predicts the future characteristics and timing of technology. The technology forecasting is done by considering the parameters, attributes and capabilities of technology. The forecasting process helps in effective management of technology. The forecaster need to have clear idea of the organisational goals and goals of the units for which the forecasting is prepared. Forecasting consists of the strength and weakness of the empirical sciences. The technology forecasting does not have any law because of the complexities that are associated with the systems. The complexities in technical, environmental, economical and ethical contexts are very difficult to remove. The forecaster has to take the historical examples in order to forecast in a better way. Thus, we can say that technology forecasting deals with the prediction of future technological capabilities, attributes and parameters. The technology forecasting is done at the early stage of the project life cycle. The decisions made at the early stage influence the subsequent time of that project. Technological forecasting is an attempt to predict the way things are going to be done. We know that technology considers both hardware and software. The hardware includes the mechanical or physical hardware and software includes the procedures and methods for organising the human activity. In this regard, the technological forecasting is nothing but the future characteristics of useful machines, products, processes, procedures or techniques. Evolution and Growth of Technology In the previous section, we learnt about the concept and meaning of technology. Now, we will discuss about the evolution of technology, before going to the other topics about technology. The history of technology dates back to the time when humans were able to prepare some simple tools with easily available natural resources. History indicates that the advancement in technology had a major leap with the invention of the wheel. From the invention of the wheel, much usage of the

technology has started. The technology in all the fields has grown to a larger extent and now we can see the technology involved in almost all the things we use in our daily life. We know that there are some advanced technologies at present which include the printing press, telephone and Internet which have helped us to communicate all over the globe. Till now we have mainly concentrated on technology management in general. Now let us learn about technology management in India. Technology management in India The Government of India is mainly focussing on the development of science and technology in the present world. The Indian industries are operating under the controlled and regulated economy. The technology management is generally lacking at the enterprise level except a few enterprises. There are many Indian companies which are able to develop and produce the internationally competitive products. The companies which use different kinds of technologies, and are excelling today, in India are the Punjab tractors, tata automobiles, amul food and certain drug and chemical industries. In the same way, there are many Research and Development (R&D) institutions which have developed and commercialised the technologies in the areas of drugs, chemicals, food technology, and computer software. The productivity of the Indian industries largely depends on the technologies that are imported. Most of the technologies that are used in the Indian industries are cost effective.

Q2.Citing an example, state and explain the reasons that compel a company to go for the new technology.

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Q3.Describe some characteristics of technology forecasting. Explain in brief about the six phases in technology forecasting process. Q4.Write a short note on technology strategy. Explain in brief about the innovation management. Q5.What is the importance of technology diffusion? What are the benefits of technology absorption? Q6.Explain the implementation of new technology. Briefly describe the automation decisions.

Master of Business Administration - Semester 4 OM0018 Technology Management Assignment: Set - 2 (60 Marks)

Note: Each Question carries 10 marks. Answer all the questions. Q1.Explain Technology Generation. Explain Technology Development. Discuss the importance Technology Generation and Development.

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Q2.Explain the dimensions of technology transfer and features of technology package. Q3.Briefly describe the concept of technology choice. List and explain the steps involved in technology assessment process. Q4.Briefly explain the factors influencing the high performance innovative technology based organisations. Q5.What is Research and Development (R&D), and how is it managed? Explain the different categories of Intellectual Property Management. Q6.Discuss the technology assessment and environmental impact analysis.