Technology Management

In: Business and Management

Submitted By charumahajan
Words 474
Pages 2
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 possible relevant technologies for the organization, possibly through technology scouting), technology roadmapping (mapping technologies to business and market needs), technology project portfolio ( a set of projects under development) and technology portfolio (a set of technologies in use).
The role of the technology management function in an organization is to understand the value of certain technology for the organization. Continuous development of technology is valuable as long as there is a value for the customer and therefore the technology management function in an organization should be able to argue when to invest on technology development and when to withdraw.
Technology Management can also be defined as the integrated planning, design, optimization, operation and control of technological products, processes and services, a better definition would be the management of the use of technology for human advantage.
The Association of Technology, Management, and Applied Engineering defines Technology Management as the field concerned with the supervision of personnel across the technical spectrum and a wide variety of complex technological systems. Technology Management programs typically include instruction in production and operations management, project management, computer applications, quality control, safety and health issues, statistics, and general management principles.[1]
Perhaps the most authoritative input to our understanding of technology is the diffusion of innovations theory developed in the first half of the twentieth century. It…...

Similar Documents

Technology Management

...1. a) In our Company, the Receivables were always an issue. There were customers who did not pay on time, deducted payments without details, miscalculated previous payments while paying for current bills and confused / adjusted between departments while making payments. We had a bad time in the Accounts / Finance Department and the balances outstanding grew by the month. I had proposed to the management that unless we do some change in the way we are dealing with the problem of Receivables, we would in no time be severely hit. b) The process in planning the change was to: i. To get the entire (detailed - transaction wise) data of customers whose balance was showing outstanding in our books for long ii. Set a team of two to go through it exhaustively so that all transactions recorded in our books are taken into account iii. Arrange a meeting with the concerned customer and reconcile their balances with ours iv. Arrive at a balance acceptable to both ourselves and the customer c) The human challenges faced were: i. Not every person in the management were keen to get it done as they thought that since everything was going smoothly in an overall manner, we should not dig for trouble. ii. The people selected to do the job under my leadership were skeptical about the issue and thought that it was an extra workload for them. iii. Some of the customers were not willing to sit for reconciliation since they said they did not have time for it and...

Words: 1974 - Pages: 8

Technology Management

...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 possible relevant technologies for the organization, possibly through technology scouting), technology roadmapping (mapping technologies to business and market needs), technology project portfolio ( a set of projects under development) and technology portfolio (a set of technologies in use). The role of the technology management function in an organization is to understand the value of certain technology for the organization. Continuous development of technology is valuable as long as there is a value for the customer and therefore the technology management function in an organization should be able to argue when to invest on technology development and when to withdraw. Technology Management can also be defined as the integrated planning, design, optimization, operation and control of technological products, processes and services, a better definition would be the management of the use of technology for human advantage. The Association of Technology, Management, and Applied Engineering defines Technology Management as the field concerned with the supervision of personnel across the technical spectrum and a wide variety of complex technological systems...

Words: 474 - Pages: 2

Internet Retail : Technology Management

... purchasing (Mullaney, 1999). Despite the benefits that were known for the bricks-and-clicks retailers, still the leading internet retailer today is Amazon, a pure-play retailer. Possibly, the integration and leveraging of the online front with the physical front for the bricks-and-clicks stores identified by many experts as one major challenge (Prencipe & McCarthy, 2002) attributed to this. Another major challenge for the managers in Bricks-and-Clicks is the competition in the online world. Employing the same group of people to run two different types of business and paced environments can be certainly challenging (Grunberg, 1999). Regardless of the differences of these two online business models, they trust in doing the best management practices to eventually realize the benefits of a new information technology. Many retailers believe investing in new information technology can support businesses to differentiate themselves against competitors. Internet Technology indeed provides better opportunities for companies to establish distinctive strategic positioning than previous generations of information technology. However, it has been argued that the key question is not whether to deploy internet technology but rather how to deploy it. Without understanding how to deploy Internet Technology, entering the internet retailing industry can bring disastrous consequences (Michael Porter, 2011). Drawing on the past literature on four retail service areas: content......

Words: 3397 - Pages: 14

Engineering Technology Management

...Why Engineering Technology Management? 2345678910 * Increase your promotion potential * Develop advanced skills for achievement * Manage technical and engineering professionals * Prepare to change the world Technology and engineering management is vitally important for both private and public-sector organizations that must manage the fast pace of technological change. Today, all businesses and public organizations are managed with and through technology. Understanding the technological and engineering basis of management activities is essential for modern management. For example, information technology is used in planning, operations, and marketing. Engineering and production technologies are used in designing and producing products. Service technologies are used to deliver consumer value. Emerging technologies impact the entire organizational structure and its operation. The Master of Science in Engineering Technology Management develops leaders to support the needs of the modern world-wide industry. The curriculum enhances both career and personal objectives. Graduates of the program are equipped to manage organization resources, lead technological change, and strategically integrate higher- level knowledge within their companies. The Master of Science in Engineering Technology Management (MSETM) provides a broad-based core of management competency in business functions, along with a solid understanding of engineering technologies and capabilities...

Words: 1140 - Pages: 5

Information Management and Technology

...Information Management and Technology My survey responses included both Cadre of the Technical Logistics College (TLC) and students of both the Warrant Officer Basic Course (WOBC) and Warrant Officer Advance Course (WOAC). A particularly challenging question for most was, “Has technology helped or hindered critical thinking?”. Most of those surveyed believed that technology is important to “keeping up with the times”. Text messaging, for example, improved information transfer between leaders and subordinates. Also, the use of GPS has improved battlefield navigation and targeting. Finally, commanders can receive almost real-time updates on training and other battlefield-related events. As a leader, I can attest to the fact that rapid information transfer and response are critical factors in the Military Decision-Making Process (MDMP) and to mission execution and accomplishment. It allows commanders to keep step with the ever-changing combat environment. Moreover, with the ongoing Army force reduction, the use of technology will play a vital role in a unit’s ability to make mission with less personnel as Soldiers will have to be more versatile, capable of multitasking, and have the means to research and share information. Another portion of those surveyed thought that technology, in its nominal use, is a good thing. They opined that training and operating with both technology and more traditional methods of conducting Army business is the best approach to...

Words: 634 - Pages: 3

Technology Management

... will reduce the response time related to competitor’s threats. With a workforce that possesses this high level of skill sets, it is paramount that management is able to harness and fully utilize all of the capabilities of these skilled human resources to the maximum extent possible. SOURCE: My 35 years of experience in Government management positions. 2. There are several emerging industrial practices that have been gaining wide acceptance in recent years. One example is the virtual corporation; another is supply chain management. Find a recent article on each subject and discuss the concept. The virtual corporation is a temporary network of independent companies--suppliers, customers, even erstwhile rivals--linked by information technology to share skills, costs, and access to one another's markets. It will have neither central office nor organization chart. It will have no hierarchy, no vertical integration. Instead, proponents say this new, evolving corporate model will be fluid and flexible--a group of collaborators that quickly unite to exploit a specific opportunity. Once the opportunity is met, the venture will, more often than not, disband. Article: Business week Archives, The Virtual Corporation, John A. Byrne in New York, with Richard Brandt in San Francisco, Otis Port in New York, and bureau reports The term "supply chain management" entered the public domain when Keith Oliver, a consultant at Booz Allen Hamilton, used it in an interview for the......

Words: 1255 - Pages: 6

Management of Information Technology

...University of La Verne Winter 2013 BUS 510: Management of Information Technology Group Project F&F Virtual Fitting Room of Tesco Instructor: Dr. Nazila Safavi Group members: ming-wei li Shunzi Jin Tzu-hao Huang Xia Fang Yan Lu Jan. 30, 2013 Table of Content Abstract 3 Introduction of Tesco 4 F&F 3D virtual fitting room system 5 * Introduction 5 * Features 5 * Operation 6 * Benefits & Shortcomings 7 System Improvement 11 * Technology 11 * Operation...

Words: 3231 - Pages: 13

Foundations of Technology Management

... browsers. * ASP providers generally compartmentalized software installations by client. In the SaaS world, vendors would utilize a ‘multi-tenant’ approach, thus grouping customers by application. This new SaaS model was a not only huge change to the standard practice by most companies of internally hosting applications, but also brought new players into the Software arena. In a vertical traditionally dominated by software giants like Microsoft, Oracle, and SAP, SaaS vendors quickly began making a name for themselves. And for good reason. The stereotypical Application Server hosted Software required capital for the software licensing, usually by number of users. On top of that you there was significant investment in hardware and upkeep of hardware to be considered. Now along comes a vendor who can reduce that cost and offer the same level of security, access, and Disaster Recovery capabilities. Can you say disruptive? One of the most successful SaaS offerings is SalesForce.com (SFC). With annual profits exceeding $1B for the past 5 years, there is little doubt that SFC has been able to manage the SaaS technology and turn it into a commercial product which holds 16.7% market share as of May 2012. So what is in the secret sauce? Started by Marc Benioff in the late 1990’s, SFC was a major disruption to the Customer Relationship Management (CRM) industry. “Benioff’s idea was a significant departure from the traditional way of selling software, the on-premises......

Words: 2510 - Pages: 11

Management Information Technology

...Management Information Systems Course Code | CSC-490 | Course Title | Management Information Systems | Credit Hours | 03 | Prerequisites by Course(s) and Topics | | Assessment Instruments with Weights (homework, quizzes, midterms, final, programming assignments, lab work, etc.) | Quizzes | 10 % | Assignment | 20 % | Mid-Term Examination | 20 % | Final Examination | 50 % | Total | 100 % | | Instructor e-mail address (if any) | ravianz99@gmail.com | Current Catalog Description | Understanding and knowledge of use of computer-based information systems in all functional areas of business. Computer and information technology, resources, management and end-user decision making, and system development. Study and present a comprehensive case study/Assignment regarding the understanding and knowledge of the of the skills learned in the course. | Textbook (or Laboratory Manual for Laboratory Courses) | Management Information Systems-Managing Digital Firm, by Laudon, Kenneth C., and Laudon, Jane P., 12th Edition, Publisher: Pearson/Prentice Hall, 2012/13. | Reference...

Words: 1199 - Pages: 5

Information Technology Management

...INT401I/202/0/2013 Tutorial Letter 202/0/2013 Information and Technology Management IV INT401I Year module School of Computing This tutorial letter contains the model answers to assignment 1 & 2, and the Oct/Nov 2013 examination and Jan/Feb 2014 supplementary examination preparation notes. Bar code CONTENTS 1 TUTORIAL MATTER THAT YOU SHOULD HAVE RECEIVED TO DATE .................................. 3 Plagiarism ................................................................................................................................... 3 2 THE MODEL ANSWERS TO ASSIGNMENT 1 ........................................................................... 3 3 THE MODEL ANSWERS TO ASSIGNMENT 2 ........................................................................... 6 4 THE OCT/NOV 2013 EXAMINATION AND JAN/FEB 2014 SUPPLEMENTARY EXAMINATION PREPARATION NOTES ............................................................................................................12 2 INT401I/202 1 TUTORIAL MATTER THAT YOU SHOULD HAVE RECEIVED TO DATE Title Description TUTORIAL LETTER 101/0/2013 Tutorial letter 101 contains important information about your module. VERY important information. TUTORIAL LETTER 201/0/2013 TUTORIAL LETTER 202/0/2013 Tutorial letter 202 contains the model answers to assignment 1 & 2, and the Oct/Nov 2013 examination and Jan/Feb 2014 supplementary examination preparation notes (this tutorial letter). Plagiarism NB: Plagiarism is the act of taking...

Words: 4310 - Pages: 18

Information and Technology Management

...INT401I/202/0/2015 Tutorial letter 202/0/2015 Information and Technology Management INT401I Year Module School of Computing IMPORTANT INFORMATION: This tutorial letter contains model answers for assignment 6. CONTENTS 1 Tutorial letters that you should have read to date .......................................................................... 3 2 Model answers for assignment 6................................................................................................... 3 Unisa PO Box 392, UNISA, 0003 Copyright © Unisa 2015 In terms of the Copyright Act 98 of 1978 no part of this material may be reproduced, be stored in a retrieval system, be transmitted or used in any form or be published, redistributed or screened by any means (electronic, mechanical, photocopying, recording or otherwise) without the prior written permission of Unisa. However, permission to use in these ways any material in this work that is derived from other sources must be obtained from the original sources. Printed in South Africa by Unisa. 2 INT401I/202 1 Tutorial letters that you should have read to date Title TUTORIAL LETTER 101/0/2015 TUTORIAL LETTER 201/0/2015 TUTORIAL LETTER 202/0/2015 (this tutorial letter) Description Tutorial letter 101 contains important information about your module. Tutorial letter 201 contains model answers for assignment 5 and the Oct/Nov 2015 examination and Jan/Feb 2016 supplementary examination...

Words: 2520 - Pages: 11

Management of Information Technology

... purchase model, low maintenance infrastructure for example – low cost flooring, low cost display racks, inexpensive lighting is used and placement of cost efficient products on eye level. [pic] Value chain and linkages Value chain is the group of organization’s internal processes or activities which are performed on day to day basis to produce, manufacture, delivery, market and provide support to the products and services. The whole idea of value chain system is to lower the production cost, add value to the products and services offered by the company to gain competitive advantage, and also to earn maximum profit. Value chain has two parts namely: 1) Primary activities 2) Support activities Primary activities are related to create value in a product or service. Primary activities further include activities which are as mentioned: a) Inbound logistics b) Operations c) Outbound logistics d) Marketing & Sales e) Service Support activities provide support to the primary activities so that they communicate or co-ordinate effectively and efficiently with each other. Support activities also include further activities which are as mentioned: a) Procurement b) Firm infrastructure c) Human Resource Management d) Technology development The diagram below clearly shows the value chain framework of an organization. This is the generic value chain made by Michael Porter. Value chain...

Words: 4195 - Pages: 17

Information Technology Management

...Chapter 1 1. How are information systems transforming business and what is their relationship to globalization? E-mail, online conferencing, and cell phones have become essential tools for conducting business. Information systems are the foundation of fast-paced supply chains. The Internet allows many businesses to buy, sell, advertise, and solicit customer feedback online. Organizations are trying to become more competitive and efficient by digitally enabling their core business processes and evolving into digital firms. The Internet has stimulated globalization by dramatically reducing the costs of producing, buying, and selling goods on a global scale. New information system trends include the emerging mobile digital platform, online software as a service, and cloud computing. 2. Why are information systems so essential for running and managing a business today? Information systems are a foundation for conducting business today. In many industries, survival and the ability to achieve strategic business goals are difficult without extensive use of information technology. Businesses today use information systems to achieve six major objectives: operational excellence; new products, services, and business models; customer/ supplier intimacy; improved decision making; competitive advantage; and day-to-day survival. 3. What exactly is an information system? How does it work? What are its management, organization, and technology components? From a...

Words: 8338 - Pages: 34

Technology Management

...Case Write-up (Case 1) 1. Problem Analysis Providian Trust is a trust company that is a leader in the financial and fiduciary service which locates in New York with total 216 branches. Recently, there was an extraordinary difference of opinion between Providian Trust’s internal auditor and the leaders of a major information technology project in the trust division. After reading the case, I found below problems: * Lack of effective communication and engagement with the frontline trust officer and clients for better cooperation * Lack of internal alignment, internal centralized control and team cooperation * Lack of experience * Lack of realistic project deadline for efficient * Failure to fully implement the UAT test * Training was not provided properly * Fear of change and technology 2. Recommendation * Enhance communication among all divisions and parties of the company and get the people who are going to be affected by the change to be involve in it * Extend deadlines of the project and clear deadline to set the correct expectation * Senior management’s engagement and participation is very important and should be trigger at the very early stage. * Implement a full testing of the project * Provide the proper training to users 3. Any relation or learning with the current practice in my company? Other than the call center business, my company is also an ITO company developing software and platform for internal and......

Words: 261 - Pages: 2

Management Information Technology

...QUESTION: Management Information Systems are too important to be left up to Information Technology (IT) personnel only. Do you agree? Why or why not? Discuss. The impact of globalization has motivated organizations to rethink the way in which they do business. In order for organizations to survive or be successful in this present global environment they have to solve problems affecting the organization and make decisions which are to the best interest of the organization and which will add to its value. Problem solving and decision making have to be based on relevant information. The type of information gathered and way in which the information is stored, utilized and managed to assist an organization in achieving its goals determine how successful organizations are today, (Oz, 2009). Laudon and Laudon (2014) stated that the collection, processing, storage and distribution of information to assist in decision making and management of an organization constitute information systems. Furthermore, they described management information systems as an element of information systems literacy concerned with behavioural and technical issues relating to the development, utilization and effect of information systems. Information Technology (IT) Personnel play a significant role in Management Information Systems (MIS). However, since MIS is not limited to technical issues, it is imperative that other significant individuals be involved. Laudon and Laudon (2014) put...

Words: 436 - Pages: 2