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By

PHANI KRISHNA

ESCI

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Definition of TechnologyAll the Knowledge, products , process, tools

methods and systems employed in creation ofgoods or in providing services

Application of Knowledge is Technology

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Technology management

Technology Management is set of management

disciplines that allows organizations to

manage their technological fundamentals to

create competitive advantage.

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Types and components of Technology

Mgt

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Technology

planning

The technology planningprocess will help minimize

technology-related crises,

use staff time efficiently,and avoid wasting money

on equipment. Create a

plan to help you think

through your priorities in

order to use technology in

a way that directly furthers

your mission.

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Technology forecasting

Technology forecasting attempts to predict the

future characteristics of useful technological

machines, procedures or techniques.

It provides vision of the future that can be used to

guide action of the present in anticipation of future

states.

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Methods of Forecasting Technology

Monitoring

Expert opinion

Trend analysis Modeling

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Technology Acquisition

Acquisition of technology and knowledge involves the

purchase of external knowledge and technology without

active co operation with the source. This external knowledge

can be embodied in machinery or equipment that

incorporates this knowledge. It can also include the hiring ofemployees who possess the new knowledge, or the use of

contract research and consulting services. Disembodied

technology or knowledge also includes other know-how,

patents, licences, trademarks and software.

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Technology acquisition methods

Internal R&D

Participating in a JV

Contracting out for R&D Licensing in of Tech.

Buying the tech.

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Technology Transfer

It is a process that permits the flow oftechnology from a source to a receiver. Source

is the owner or holder of knowledge, whilethe recipient is the beneficiary of suchknowledge

TT is the process by which tech, knowledge

and information developed in one enterprisefor particular purpose is applied and utilized inanother enterprise for another purpose

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Modes of technology transfer International TT: eg. Advanced to developing

countries Regional TT: eg. AP to HP

X- industry or X- sector TT

Eg. Space program to commercial applications Inter-firm TT :

Eg. Transfer of CAD / CAM expertise from machinetool mfg firm to a furniture producing firm.

Intra-firm TT:Eg. One division to another, one dept to other-sophisticated computer tech. to manual work

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Channels of Tech. flow

General channel: education, training, public

conference, study missions, exchange visits

Reverse engineering channel

Planned channel: licensing, franchising, JV,

turnkey project, FDI and consortium.

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Technology absorption

Absorption is generally considered as the

capability to reproduce or manufacture

products according to the "know-how"

supplied by the licensor of technology

Required skill sets to be available by Receiver

before absorption

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Technology implementation

Introduction of new technologies to either an

existing organization, or to a larger

community, such as a type of business.

the process required to introduce a new

technology to a larger community

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Technology diffusion

Diffusion is Spreading .

Any Innovation , idea , system is successful

when it is adapted by users and diffused

through user population.

it is a process by which an innovation is

communicated through channels to members

of a social system.

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Technology Development

The process of technology innovation is a

complex set of activities that transforms ideas

and scientific knowledge into physical reality

and real-world applications.

It is a process that converts knowledge into

useful products and services that have

socioeconomic impact.

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Technology Development

Basic research

Applied research

Tech. development Tech implementation

Production

Marketing Proliferation

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Technology strategy

Devising a Technology Strategy is vital for any

Organization to gain a Competitive edge ; to

be integrated with Business Strategy

Sequence of activities of Tech Mgt cycle ;

from Tech Planning to Diffusion

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There are 5 steps involved in evolving

a strategy for a TS

1.Look at your situation

Understand context, helps you understand your internal and

external environment regarding, transfer and define

objectives and strategies for how to proceed.2.Choose the right path

Analyze risks and select strategy, helps you understand the

risks associated with the transfer and select the right strategy

to follow.3.Focus the transfer :

Plan technology implementation, helps you plan the next step

of the tech. implementation

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4. Getting it done:

Implement technology, helps you implement

the transfer as defined in the plan

5. Determine where to go next:

Review and update transfer plan, helps you

understands the results of the transfer to date

and how to proceed based on the results.

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Benefits of Effective Technology

Management

Increase sales

Reduce costs

Reduce wastage Enhance profits

Make people more productive

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Gain Competitive edge

Be better prepared for the future. Tap new opportunities.

Conduct superior technology planning