SlideShare a Scribd company logo
1 of 4
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
help.mbaassignments@gmail.com
or
call us at : 08263069601
ASSIGNMENT
DRIVE
PROGRAM/SEMESTER
SUBJECT CODE & NAME
BOOK ID
CREDITS
MARKS

FALL DRIVE 2013
MBADS – (SEM 4/SEM 6) / MBAN2 /
MBAFLEX – (SEM 4) / PGDISMN (SEM 2)
MI0040- TECHNOLOGY MANAGEMENT
B1326
4
60

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400
words. Each question is followed by evaluation scheme.
Q.1 Explain about the impact of technological changes on the society.
Answer : Effects of technologies on business :
1. Shrinking world:
Technology has made national and international commerce a much more feasible reality. Today, people and
businesses can buy and sell with people all over the world. In past history it might have taken months for a letter
to go from one party to another. Now, an email can reach someone in seconds, and a transaction can be
completed with the push of a button. While this is terribly convenient for some businesses, it does make some
people impatient when they actually have to wait for

Q.2 Explain the various dimensions of technology transfer and features of technology package.
Ans : Dimensions of technology transfer and its qualities :
Technology Transfer, also called Transfer of Technology (TOT) and Technology Commercialization, is the process
of transferring skills, knowledge, technologies, methods of manufacturing, samples of manufacturing and facilities
among governments or universities . Basically technology transfer is categorized into passive and active modes.
The modes of technology transfer refer to the transferors role in the application of technology to solve the users
problem. The technology transfer is called active, if the transfer methods assist the possible user in its application.
In active mode, the transfer process goes after the interpretation of the transmitted information, suggests the
user how to use the technology, or shows the applications of the

Q.3 Read the following case study thoroughly and answer the following questions:
This case study deals with technology diffusion. XYZ is a small software development company, established in
1970. Their products commanded a good brand value in the market. Their market value was Rs.200 crores by
the year 1995. So the company decided to expand its business by offering new products based on cutting-edge
software technologies. In this context, the company’s General Manager (GM) decided to buy new technologies
and introduce them in the company. When he discussed this matter with company’s employees, they were not
enthused because they had to learn new skills to master new technologies. They were comfortable with old
skills and showed their reluctance towards new skills. They also though that new technologies may make them
redundant. One of the employee also said that the new technologies will add to the company’s costs. After
considering all the opinions and suggestions, GM took a decision. He selected two employees who showed an
inclination towards learning new things and sent them for training to ABC software company. At ABC the two
employees of XYZ received technical know-how with respect to the usage of new software.
After completing their training, the two employees returned to their company and conducted a workshop for
one week on the usage of new software. This workshop helped the employees of XYZ to shed their inhibition
towards new technologies and the usage of software. Now the employees started using the new software
without any difficulty. For any doubts or clarifications, they could freely consult the two employees who had
received training at ABC company. The GM felt happy that all the employees had no difficulty working on the
new software. The good leadership qualities exhibited by the GM led to the introduction of new software and
its acceptance in the company. In the year of 1996, the company bagged a project that especially required the
assistance of the new software being introduced. Since all the employees were trained to work on the new
software, the new project was successfully completed in a record time. The completion of the new project
increased the XYZ’s profit to Rs. 500 crores. The credit for successful diffusion of technology in the company and
resulting profitability goes to the insight and leadership qualities of the GM.
a) Why do you think the employees showed reluctance towards adopting new technologies or learning new
skills?
Ans : Reasoning for the reluctance :
1. Shock and Fear of the Unknown:
This is one of the key reasons why employees resist change in the workplace. Employees’ responses to
organizational change can range from fear and panic to enthusiastic support. During periods of change, some
employees may feel the need to cling to the past because it was a more secure, predictable time.
2. Lack of Competence:

Q.4 Consider the above case and answer the following questions
a) List out the advantages of using new technologies in XYZ company
Ans : 1. Market Expansion:
Innovative technology can help even smaller businesses compete on a global stage. Innovations such as the
Internet, for example, allow a sole proprietor to offer her products or services to prospects around the world
through the use of a website. She can provide detailed product descriptions and photos of her products to provide
prospects with all the information they need to make an informed buying decision. Social media vehicles like
Facebook and Twitter also allow her to network with others who may have an interest in her business, without
the need for face-to-face interaction.
2. Cutting Costs:

b) If you were the GM of XYZ company, which type of technologies you would prefer keeping in mind the
company’s interests.
Ans : 1. Inventory Control System:
If your business sells goods, you may want to explore an inventory control system. These systems keep track of
every item in your inventory, ensuring you do not run out of stock, nor you order too much. When new inventory
arrives, the system is updated to reflect the additions and

Q.5 Discuss the stages involved in technology life cycle with suitable examples.
Ans : The TLC may be seen as composed of four phases:
(a) The research and development (R&D) phase (sometimes called the "bleeding edge") when incomes from
inputs are negative and where the prospects of failure are high
There are always smaller firms (SMEs) who are inadequately situated to finance the development of innovative
R&D in the post-research and early technology phases.

(b) The ascent phase when out-of-pocket costs have been recovered and the technology begins to gather
strength by going beyond some Point A on the TLC (sometimes called the "leading edge"):
The ascent stage of the technology usually refers to some point above Point A in the TLC diagram but actually it
commences when the R&D portion of the TLC

(c) The maturity phase when gain is high and stable, the region, going into saturation, marked by M, :
The maturity phase of the technology is a period of stable and remunerative income but its competitive viability
can persist over the larger
(d) The decline (or decay phase), after a Point D, of reducing fortunes and utility of the technology.
After reaching a point such as D in the above diagram, the earnings from the technology begin to decline rather
rapidly. To prolong the life cycle, owners of technology might try to license it out at some point L when it can still
be attractive to firms in other markets. This, then,

Q.6 Discuss the process of technology based innovation process with suitable examples.
Ans : Technology, technological development and innovation are concepts and words used freely, and often
without a proper understanding, in most economic development and enterprise policy papers. This
section sets out a conceptual framework for the remainder of the think piece.
According to Mokyr (2008, p1) “Technology is the utilisation of natural phenomena and regularities
for human purposes”. Similarly, Dosi (2010) defines technology as a human-constructed means for
achieving a particular end, such as the movement of goods and people, the transmission of
information or the cure of a disease. In short,

Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
help.mbaassignments@gmail.com
or
call us at : 08263069601

More Related Content

What's hot

U43 multimedia product
U43 multimedia productU43 multimedia product
U43 multimedia productLJohansson
 
Ebook - Case studies of Elearning Projects done by Enhance Systems Private Li...
Ebook - Case studies of Elearning Projects done by Enhance Systems Private Li...Ebook - Case studies of Elearning Projects done by Enhance Systems Private Li...
Ebook - Case studies of Elearning Projects done by Enhance Systems Private Li...Enhance Systems Pvt. Ltd.
 
Btec core business and ict
Btec core business and ictBtec core business and ict
Btec core business and ict29006
 
Moving tata consultancy services into the global top 10(1)
Moving tata consultancy services into the global top 10(1)Moving tata consultancy services into the global top 10(1)
Moving tata consultancy services into the global top 10(1)Abhani Dhara
 
Integrating human relation skills into the curriculum of industrial technolog...
Integrating human relation skills into the curriculum of industrial technolog...Integrating human relation skills into the curriculum of industrial technolog...
Integrating human relation skills into the curriculum of industrial technolog...IJITE
 
Campus Recruitment program for Engineering students ...
Campus Recruitment program for Engineering students                          ...Campus Recruitment program for Engineering students                          ...
Campus Recruitment program for Engineering students ...Pompeii Connect
 
Training and development through e learning a case study
Training and development through e learning a case studyTraining and development through e learning a case study
Training and development through e learning a case studyTapasya123
 

What's hot (8)

U43 multimedia product
U43 multimedia productU43 multimedia product
U43 multimedia product
 
Ebook - Case studies of Elearning Projects done by Enhance Systems Private Li...
Ebook - Case studies of Elearning Projects done by Enhance Systems Private Li...Ebook - Case studies of Elearning Projects done by Enhance Systems Private Li...
Ebook - Case studies of Elearning Projects done by Enhance Systems Private Li...
 
Btec core business and ict
Btec core business and ictBtec core business and ict
Btec core business and ict
 
Moving tata consultancy services into the global top 10(1)
Moving tata consultancy services into the global top 10(1)Moving tata consultancy services into the global top 10(1)
Moving tata consultancy services into the global top 10(1)
 
Integrating human relation skills into the curriculum of industrial technolog...
Integrating human relation skills into the curriculum of industrial technolog...Integrating human relation skills into the curriculum of industrial technolog...
Integrating human relation skills into the curriculum of industrial technolog...
 
Advice report Symbol
Advice report SymbolAdvice report Symbol
Advice report Symbol
 
Campus Recruitment program for Engineering students ...
Campus Recruitment program for Engineering students                          ...Campus Recruitment program for Engineering students                          ...
Campus Recruitment program for Engineering students ...
 
Training and development through e learning a case study
Training and development through e learning a case studyTraining and development through e learning a case study
Training and development through e learning a case study
 

Viewers also liked

AFP Westchester NPD 2013 Tips for Soliciting Planned Gifts from Women Margare...
AFP Westchester NPD 2013 Tips for Soliciting Planned Gifts from Women Margare...AFP Westchester NPD 2013 Tips for Soliciting Planned Gifts from Women Margare...
AFP Westchester NPD 2013 Tips for Soliciting Planned Gifts from Women Margare...Joseph Ferraro, CFRE
 
Exploiting Nig's Edu Funds_Munachiso Okoronkwo Odulana
Exploiting Nig's Edu Funds_Munachiso Okoronkwo OdulanaExploiting Nig's Edu Funds_Munachiso Okoronkwo Odulana
Exploiting Nig's Edu Funds_Munachiso Okoronkwo OdulanaMunachiso Okoronkwo HRMP
 
Orderandordisorder 140202124753-phpapp01
Orderandordisorder 140202124753-phpapp01Orderandordisorder 140202124753-phpapp01
Orderandordisorder 140202124753-phpapp01Hastingshighart
 
Intro To Oilfield Mathematics
Intro To Oilfield MathematicsIntro To Oilfield Mathematics
Intro To Oilfield Mathematicsumair iqbal
 
Enviormental Induction
Enviormental InductionEnviormental Induction
Enviormental Inductionumair iqbal
 
La contaminació de l’aigua dolça
La contaminació de l’aigua dolçaLa contaminació de l’aigua dolça
La contaminació de l’aigua dolçaAnnapujolo
 
Layers of atmospherem!!!
Layers of atmospherem!!!Layers of atmospherem!!!
Layers of atmospherem!!!dautigenta
 
Mi0039 e-commerce
Mi0039  e-commerceMi0039  e-commerce
Mi0039 e-commercesmumbahelp
 
Incretinas mayo clinic 2010 copia
Incretinas mayo clinic 2010 copiaIncretinas mayo clinic 2010 copia
Incretinas mayo clinic 2010 copiaFelipe Arias
 
Jacaranda-Carpets-2014-English brochure
Jacaranda-Carpets-2014-English brochureJacaranda-Carpets-2014-English brochure
Jacaranda-Carpets-2014-English brochureAlicia Keehn
 
Casacada
CasacadaCasacada
CasacadaUCASAL
 
First utility compliance guidance
First utility compliance guidance First utility compliance guidance
First utility compliance guidance Jonell NVE
 

Viewers also liked (20)

Diigo
DiigoDiigo
Diigo
 
AFP Westchester NPD 2013 Tips for Soliciting Planned Gifts from Women Margare...
AFP Westchester NPD 2013 Tips for Soliciting Planned Gifts from Women Margare...AFP Westchester NPD 2013 Tips for Soliciting Planned Gifts from Women Margare...
AFP Westchester NPD 2013 Tips for Soliciting Planned Gifts from Women Margare...
 
Practica no.2
Practica no.2Practica no.2
Practica no.2
 
Exploiting Nig's Edu Funds_Munachiso Okoronkwo Odulana
Exploiting Nig's Edu Funds_Munachiso Okoronkwo OdulanaExploiting Nig's Edu Funds_Munachiso Okoronkwo Odulana
Exploiting Nig's Edu Funds_Munachiso Okoronkwo Odulana
 
Orderandordisorder 140202124753-phpapp01
Orderandordisorder 140202124753-phpapp01Orderandordisorder 140202124753-phpapp01
Orderandordisorder 140202124753-phpapp01
 
Orígenes de la pintura
Orígenes de la pinturaOrígenes de la pintura
Orígenes de la pintura
 
Practica no.7
Practica no.7Practica no.7
Practica no.7
 
House style
House styleHouse style
House style
 
Intro To Oilfield Mathematics
Intro To Oilfield MathematicsIntro To Oilfield Mathematics
Intro To Oilfield Mathematics
 
Enviormental Induction
Enviormental InductionEnviormental Induction
Enviormental Induction
 
The Frugal Way to Grow
The Frugal Way to GrowThe Frugal Way to Grow
The Frugal Way to Grow
 
Practica no.3
Practica no.3Practica no.3
Practica no.3
 
La contaminació de l’aigua dolça
La contaminació de l’aigua dolçaLa contaminació de l’aigua dolça
La contaminació de l’aigua dolça
 
Layers of atmospherem!!!
Layers of atmospherem!!!Layers of atmospherem!!!
Layers of atmospherem!!!
 
Mi0039 e-commerce
Mi0039  e-commerceMi0039  e-commerce
Mi0039 e-commerce
 
Incretinas mayo clinic 2010 copia
Incretinas mayo clinic 2010 copiaIncretinas mayo clinic 2010 copia
Incretinas mayo clinic 2010 copia
 
Nining
NiningNining
Nining
 
Jacaranda-Carpets-2014-English brochure
Jacaranda-Carpets-2014-English brochureJacaranda-Carpets-2014-English brochure
Jacaranda-Carpets-2014-English brochure
 
Casacada
CasacadaCasacada
Casacada
 
First utility compliance guidance
First utility compliance guidance First utility compliance guidance
First utility compliance guidance
 

Similar to Mi0040 technology management

Om0018 technology management
Om0018  technology managementOm0018  technology management
Om0018 technology managementsmumbahelp
 
Mi0040 technology management
Mi0040  technology managementMi0040  technology management
Mi0040 technology managementsmumbahelp
 
Mi0040 technology management
Mi0040  technology managementMi0040  technology management
Mi0040 technology managementsmumbahelp
 
Mi0040 technology management
Mi0040  technology managementMi0040  technology management
Mi0040 technology managementsmumbahelp
 
Mi0040 technology management
Mi0040  technology managementMi0040  technology management
Mi0040 technology managementsmumbahelp
 
Adaptive Automotive Development: Faster and more targeted innovations through...
Adaptive Automotive Development: Faster and more targeted innovations through...Adaptive Automotive Development: Faster and more targeted innovations through...
Adaptive Automotive Development: Faster and more targeted innovations through...Christian Mies
 
How Multigenerational Technology Planning Can Grow Your Business
How Multigenerational Technology Planning Can Grow Your BusinessHow Multigenerational Technology Planning Can Grow Your Business
How Multigenerational Technology Planning Can Grow Your BusinessMRH Team
 
Managing Change Process
Managing Change ProcessManaging Change Process
Managing Change ProcessRichard Docc
 
Research Report on Finding The Impacts of Cloud Computing on Marketing World
Research Report on Finding The Impacts of Cloud Computing on Marketing WorldResearch Report on Finding The Impacts of Cloud Computing on Marketing World
Research Report on Finding The Impacts of Cloud Computing on Marketing WorldInstant Assignment Help UAE
 
International Business Strategy Plan for a new or an emerging Start Up
International Business Strategy Plan for a new or an emerging Start Up International Business Strategy Plan for a new or an emerging Start Up
International Business Strategy Plan for a new or an emerging Start Up Chandandeep Singh
 
UM MBA Program: Technology Assessment Process
UM MBA Program: Technology Assessment ProcessUM MBA Program: Technology Assessment Process
UM MBA Program: Technology Assessment ProcessWilliam J. Brown
 
The Future of Business: Trends in Digital Transformation
The Future of Business: Trends in Digital TransformationThe Future of Business: Trends in Digital Transformation
The Future of Business: Trends in Digital TransformationQurinom Solutions
 
miracle turnaround for LinkedIn
miracle turnaround for LinkedInmiracle turnaround for LinkedIn
miracle turnaround for LinkedInMike Mastroyiannis
 
Ideas & Inspiration: Getting Started & Driving Success With Power Platform At...
Ideas & Inspiration: Getting Started & Driving Success With Power Platform At...Ideas & Inspiration: Getting Started & Driving Success With Power Platform At...
Ideas & Inspiration: Getting Started & Driving Success With Power Platform At...Richard Harbridge
 
Social Media and ROI: Why use-cases are more compelling than Excel sheets; RI...
Social Media and ROI: Why use-cases are more compelling than Excel sheets; RI...Social Media and ROI: Why use-cases are more compelling than Excel sheets; RI...
Social Media and ROI: Why use-cases are more compelling than Excel sheets; RI...Michael Heiss
 
Indian Mid-market SaaS companies: Forging a new path to disruption
Indian Mid-market SaaS companies: Forging a new path to disruptionIndian Mid-market SaaS companies: Forging a new path to disruption
Indian Mid-market SaaS companies: Forging a new path to disruptionProductNation/iSPIRT
 
Netw 583 strategic management of technology entire class
Netw 583 strategic management of technology entire classNetw 583 strategic management of technology entire class
Netw 583 strategic management of technology entire classPatrickrasacs
 
1- Background and ProblemThere is a regional clothing store c.docx
1- Background and ProblemThere is a regional clothing store c.docx1- Background and ProblemThere is a regional clothing store c.docx
1- Background and ProblemThere is a regional clothing store c.docxjeremylockett77
 
Computer Application in Business Group Presentation
Computer Application in Business Group PresentationComputer Application in Business Group Presentation
Computer Application in Business Group Presentation2023210000518
 

Similar to Mi0040 technology management (20)

Om0018 technology management
Om0018  technology managementOm0018  technology management
Om0018 technology management
 
Mi0040 technology management
Mi0040  technology managementMi0040  technology management
Mi0040 technology management
 
Mi0040 technology management
Mi0040  technology managementMi0040  technology management
Mi0040 technology management
 
Mi0040 technology management
Mi0040  technology managementMi0040  technology management
Mi0040 technology management
 
Mi0040 technology management
Mi0040  technology managementMi0040  technology management
Mi0040 technology management
 
Adaptive Automotive Development: Faster and more targeted innovations through...
Adaptive Automotive Development: Faster and more targeted innovations through...Adaptive Automotive Development: Faster and more targeted innovations through...
Adaptive Automotive Development: Faster and more targeted innovations through...
 
How Multigenerational Technology Planning Can Grow Your Business
How Multigenerational Technology Planning Can Grow Your BusinessHow Multigenerational Technology Planning Can Grow Your Business
How Multigenerational Technology Planning Can Grow Your Business
 
Managing Change Process
Managing Change ProcessManaging Change Process
Managing Change Process
 
Research Report on Finding The Impacts of Cloud Computing on Marketing World
Research Report on Finding The Impacts of Cloud Computing on Marketing WorldResearch Report on Finding The Impacts of Cloud Computing on Marketing World
Research Report on Finding The Impacts of Cloud Computing on Marketing World
 
International Business Strategy Plan for a new or an emerging Start Up
International Business Strategy Plan for a new or an emerging Start Up International Business Strategy Plan for a new or an emerging Start Up
International Business Strategy Plan for a new or an emerging Start Up
 
Digital decodedv1.1
Digital decodedv1.1Digital decodedv1.1
Digital decodedv1.1
 
UM MBA Program: Technology Assessment Process
UM MBA Program: Technology Assessment ProcessUM MBA Program: Technology Assessment Process
UM MBA Program: Technology Assessment Process
 
The Future of Business: Trends in Digital Transformation
The Future of Business: Trends in Digital TransformationThe Future of Business: Trends in Digital Transformation
The Future of Business: Trends in Digital Transformation
 
miracle turnaround for LinkedIn
miracle turnaround for LinkedInmiracle turnaround for LinkedIn
miracle turnaround for LinkedIn
 
Ideas & Inspiration: Getting Started & Driving Success With Power Platform At...
Ideas & Inspiration: Getting Started & Driving Success With Power Platform At...Ideas & Inspiration: Getting Started & Driving Success With Power Platform At...
Ideas & Inspiration: Getting Started & Driving Success With Power Platform At...
 
Social Media and ROI: Why use-cases are more compelling than Excel sheets; RI...
Social Media and ROI: Why use-cases are more compelling than Excel sheets; RI...Social Media and ROI: Why use-cases are more compelling than Excel sheets; RI...
Social Media and ROI: Why use-cases are more compelling than Excel sheets; RI...
 
Indian Mid-market SaaS companies: Forging a new path to disruption
Indian Mid-market SaaS companies: Forging a new path to disruptionIndian Mid-market SaaS companies: Forging a new path to disruption
Indian Mid-market SaaS companies: Forging a new path to disruption
 
Netw 583 strategic management of technology entire class
Netw 583 strategic management of technology entire classNetw 583 strategic management of technology entire class
Netw 583 strategic management of technology entire class
 
1- Background and ProblemThere is a regional clothing store c.docx
1- Background and ProblemThere is a regional clothing store c.docx1- Background and ProblemThere is a regional clothing store c.docx
1- Background and ProblemThere is a regional clothing store c.docx
 
Computer Application in Business Group Presentation
Computer Application in Business Group PresentationComputer Application in Business Group Presentation
Computer Application in Business Group Presentation
 

Recently uploaded

Zeshan Sattar- Assessing the skill requirements and industry expectations for...
Zeshan Sattar- Assessing the skill requirements and industry expectations for...Zeshan Sattar- Assessing the skill requirements and industry expectations for...
Zeshan Sattar- Assessing the skill requirements and industry expectations for...itnewsafrica
 
React Native vs Ionic - The Best Mobile App Framework
React Native vs Ionic - The Best Mobile App FrameworkReact Native vs Ionic - The Best Mobile App Framework
React Native vs Ionic - The Best Mobile App FrameworkPixlogix Infotech
 
Digital Identity is Under Attack: FIDO Paris Seminar.pptx
Digital Identity is Under Attack: FIDO Paris Seminar.pptxDigital Identity is Under Attack: FIDO Paris Seminar.pptx
Digital Identity is Under Attack: FIDO Paris Seminar.pptxLoriGlavin3
 
Long journey of Ruby standard library at RubyConf AU 2024
Long journey of Ruby standard library at RubyConf AU 2024Long journey of Ruby standard library at RubyConf AU 2024
Long journey of Ruby standard library at RubyConf AU 2024Hiroshi SHIBATA
 
New from BookNet Canada for 2024: Loan Stars - Tech Forum 2024
New from BookNet Canada for 2024: Loan Stars - Tech Forum 2024New from BookNet Canada for 2024: Loan Stars - Tech Forum 2024
New from BookNet Canada for 2024: Loan Stars - Tech Forum 2024BookNet Canada
 
Merck Moving Beyond Passwords: FIDO Paris Seminar.pptx
Merck Moving Beyond Passwords: FIDO Paris Seminar.pptxMerck Moving Beyond Passwords: FIDO Paris Seminar.pptx
Merck Moving Beyond Passwords: FIDO Paris Seminar.pptxLoriGlavin3
 
Unleashing Real-time Insights with ClickHouse_ Navigating the Landscape in 20...
Unleashing Real-time Insights with ClickHouse_ Navigating the Landscape in 20...Unleashing Real-time Insights with ClickHouse_ Navigating the Landscape in 20...
Unleashing Real-time Insights with ClickHouse_ Navigating the Landscape in 20...Alkin Tezuysal
 
The State of Passkeys with FIDO Alliance.pptx
The State of Passkeys with FIDO Alliance.pptxThe State of Passkeys with FIDO Alliance.pptx
The State of Passkeys with FIDO Alliance.pptxLoriGlavin3
 
Arizona Broadband Policy Past, Present, and Future Presentation 3/25/24
Arizona Broadband Policy Past, Present, and Future Presentation 3/25/24Arizona Broadband Policy Past, Present, and Future Presentation 3/25/24
Arizona Broadband Policy Past, Present, and Future Presentation 3/25/24Mark Goldstein
 
Data governance with Unity Catalog Presentation
Data governance with Unity Catalog PresentationData governance with Unity Catalog Presentation
Data governance with Unity Catalog PresentationKnoldus Inc.
 
2024 April Patch Tuesday
2024 April Patch Tuesday2024 April Patch Tuesday
2024 April Patch TuesdayIvanti
 
How to write a Business Continuity Plan
How to write a Business Continuity PlanHow to write a Business Continuity Plan
How to write a Business Continuity PlanDatabarracks
 
TeamStation AI System Report LATAM IT Salaries 2024
TeamStation AI System Report LATAM IT Salaries 2024TeamStation AI System Report LATAM IT Salaries 2024
TeamStation AI System Report LATAM IT Salaries 2024Lonnie McRorey
 
[Webinar] SpiraTest - Setting New Standards in Quality Assurance
[Webinar] SpiraTest - Setting New Standards in Quality Assurance[Webinar] SpiraTest - Setting New Standards in Quality Assurance
[Webinar] SpiraTest - Setting New Standards in Quality AssuranceInflectra
 
Microsoft 365 Copilot: How to boost your productivity with AI – Part one: Ado...
Microsoft 365 Copilot: How to boost your productivity with AI – Part one: Ado...Microsoft 365 Copilot: How to boost your productivity with AI – Part one: Ado...
Microsoft 365 Copilot: How to boost your productivity with AI – Part one: Ado...Nikki Chapple
 
Generative Artificial Intelligence: How generative AI works.pdf
Generative Artificial Intelligence: How generative AI works.pdfGenerative Artificial Intelligence: How generative AI works.pdf
Generative Artificial Intelligence: How generative AI works.pdfIngrid Airi González
 
Abdul Kader Baba- Managing Cybersecurity Risks and Compliance Requirements i...
Abdul Kader Baba- Managing Cybersecurity Risks  and Compliance Requirements i...Abdul Kader Baba- Managing Cybersecurity Risks  and Compliance Requirements i...
Abdul Kader Baba- Managing Cybersecurity Risks and Compliance Requirements i...itnewsafrica
 
UiPath Community: Communication Mining from Zero to Hero
UiPath Community: Communication Mining from Zero to HeroUiPath Community: Communication Mining from Zero to Hero
UiPath Community: Communication Mining from Zero to HeroUiPathCommunity
 
Potential of AI (Generative AI) in Business: Learnings and Insights
Potential of AI (Generative AI) in Business: Learnings and InsightsPotential of AI (Generative AI) in Business: Learnings and Insights
Potential of AI (Generative AI) in Business: Learnings and InsightsRavi Sanghani
 
Testing tools and AI - ideas what to try with some tool examples
Testing tools and AI - ideas what to try with some tool examplesTesting tools and AI - ideas what to try with some tool examples
Testing tools and AI - ideas what to try with some tool examplesKari Kakkonen
 

Recently uploaded (20)

Zeshan Sattar- Assessing the skill requirements and industry expectations for...
Zeshan Sattar- Assessing the skill requirements and industry expectations for...Zeshan Sattar- Assessing the skill requirements and industry expectations for...
Zeshan Sattar- Assessing the skill requirements and industry expectations for...
 
React Native vs Ionic - The Best Mobile App Framework
React Native vs Ionic - The Best Mobile App FrameworkReact Native vs Ionic - The Best Mobile App Framework
React Native vs Ionic - The Best Mobile App Framework
 
Digital Identity is Under Attack: FIDO Paris Seminar.pptx
Digital Identity is Under Attack: FIDO Paris Seminar.pptxDigital Identity is Under Attack: FIDO Paris Seminar.pptx
Digital Identity is Under Attack: FIDO Paris Seminar.pptx
 
Long journey of Ruby standard library at RubyConf AU 2024
Long journey of Ruby standard library at RubyConf AU 2024Long journey of Ruby standard library at RubyConf AU 2024
Long journey of Ruby standard library at RubyConf AU 2024
 
New from BookNet Canada for 2024: Loan Stars - Tech Forum 2024
New from BookNet Canada for 2024: Loan Stars - Tech Forum 2024New from BookNet Canada for 2024: Loan Stars - Tech Forum 2024
New from BookNet Canada for 2024: Loan Stars - Tech Forum 2024
 
Merck Moving Beyond Passwords: FIDO Paris Seminar.pptx
Merck Moving Beyond Passwords: FIDO Paris Seminar.pptxMerck Moving Beyond Passwords: FIDO Paris Seminar.pptx
Merck Moving Beyond Passwords: FIDO Paris Seminar.pptx
 
Unleashing Real-time Insights with ClickHouse_ Navigating the Landscape in 20...
Unleashing Real-time Insights with ClickHouse_ Navigating the Landscape in 20...Unleashing Real-time Insights with ClickHouse_ Navigating the Landscape in 20...
Unleashing Real-time Insights with ClickHouse_ Navigating the Landscape in 20...
 
The State of Passkeys with FIDO Alliance.pptx
The State of Passkeys with FIDO Alliance.pptxThe State of Passkeys with FIDO Alliance.pptx
The State of Passkeys with FIDO Alliance.pptx
 
Arizona Broadband Policy Past, Present, and Future Presentation 3/25/24
Arizona Broadband Policy Past, Present, and Future Presentation 3/25/24Arizona Broadband Policy Past, Present, and Future Presentation 3/25/24
Arizona Broadband Policy Past, Present, and Future Presentation 3/25/24
 
Data governance with Unity Catalog Presentation
Data governance with Unity Catalog PresentationData governance with Unity Catalog Presentation
Data governance with Unity Catalog Presentation
 
2024 April Patch Tuesday
2024 April Patch Tuesday2024 April Patch Tuesday
2024 April Patch Tuesday
 
How to write a Business Continuity Plan
How to write a Business Continuity PlanHow to write a Business Continuity Plan
How to write a Business Continuity Plan
 
TeamStation AI System Report LATAM IT Salaries 2024
TeamStation AI System Report LATAM IT Salaries 2024TeamStation AI System Report LATAM IT Salaries 2024
TeamStation AI System Report LATAM IT Salaries 2024
 
[Webinar] SpiraTest - Setting New Standards in Quality Assurance
[Webinar] SpiraTest - Setting New Standards in Quality Assurance[Webinar] SpiraTest - Setting New Standards in Quality Assurance
[Webinar] SpiraTest - Setting New Standards in Quality Assurance
 
Microsoft 365 Copilot: How to boost your productivity with AI – Part one: Ado...
Microsoft 365 Copilot: How to boost your productivity with AI – Part one: Ado...Microsoft 365 Copilot: How to boost your productivity with AI – Part one: Ado...
Microsoft 365 Copilot: How to boost your productivity with AI – Part one: Ado...
 
Generative Artificial Intelligence: How generative AI works.pdf
Generative Artificial Intelligence: How generative AI works.pdfGenerative Artificial Intelligence: How generative AI works.pdf
Generative Artificial Intelligence: How generative AI works.pdf
 
Abdul Kader Baba- Managing Cybersecurity Risks and Compliance Requirements i...
Abdul Kader Baba- Managing Cybersecurity Risks  and Compliance Requirements i...Abdul Kader Baba- Managing Cybersecurity Risks  and Compliance Requirements i...
Abdul Kader Baba- Managing Cybersecurity Risks and Compliance Requirements i...
 
UiPath Community: Communication Mining from Zero to Hero
UiPath Community: Communication Mining from Zero to HeroUiPath Community: Communication Mining from Zero to Hero
UiPath Community: Communication Mining from Zero to Hero
 
Potential of AI (Generative AI) in Business: Learnings and Insights
Potential of AI (Generative AI) in Business: Learnings and InsightsPotential of AI (Generative AI) in Business: Learnings and Insights
Potential of AI (Generative AI) in Business: Learnings and Insights
 
Testing tools and AI - ideas what to try with some tool examples
Testing tools and AI - ideas what to try with some tool examplesTesting tools and AI - ideas what to try with some tool examples
Testing tools and AI - ideas what to try with some tool examples
 

Mi0040 technology management

  • 1. Dear students get fully solved assignments Send your semester & Specialization name to our mail id : help.mbaassignments@gmail.com or call us at : 08263069601 ASSIGNMENT DRIVE PROGRAM/SEMESTER SUBJECT CODE & NAME BOOK ID CREDITS MARKS FALL DRIVE 2013 MBADS – (SEM 4/SEM 6) / MBAN2 / MBAFLEX – (SEM 4) / PGDISMN (SEM 2) MI0040- TECHNOLOGY MANAGEMENT B1326 4 60 Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme. Q.1 Explain about the impact of technological changes on the society. Answer : Effects of technologies on business : 1. Shrinking world: Technology has made national and international commerce a much more feasible reality. Today, people and businesses can buy and sell with people all over the world. In past history it might have taken months for a letter to go from one party to another. Now, an email can reach someone in seconds, and a transaction can be completed with the push of a button. While this is terribly convenient for some businesses, it does make some people impatient when they actually have to wait for Q.2 Explain the various dimensions of technology transfer and features of technology package. Ans : Dimensions of technology transfer and its qualities : Technology Transfer, also called Transfer of Technology (TOT) and Technology Commercialization, is the process of transferring skills, knowledge, technologies, methods of manufacturing, samples of manufacturing and facilities
  • 2. among governments or universities . Basically technology transfer is categorized into passive and active modes. The modes of technology transfer refer to the transferors role in the application of technology to solve the users problem. The technology transfer is called active, if the transfer methods assist the possible user in its application. In active mode, the transfer process goes after the interpretation of the transmitted information, suggests the user how to use the technology, or shows the applications of the Q.3 Read the following case study thoroughly and answer the following questions: This case study deals with technology diffusion. XYZ is a small software development company, established in 1970. Their products commanded a good brand value in the market. Their market value was Rs.200 crores by the year 1995. So the company decided to expand its business by offering new products based on cutting-edge software technologies. In this context, the company’s General Manager (GM) decided to buy new technologies and introduce them in the company. When he discussed this matter with company’s employees, they were not enthused because they had to learn new skills to master new technologies. They were comfortable with old skills and showed their reluctance towards new skills. They also though that new technologies may make them redundant. One of the employee also said that the new technologies will add to the company’s costs. After considering all the opinions and suggestions, GM took a decision. He selected two employees who showed an inclination towards learning new things and sent them for training to ABC software company. At ABC the two employees of XYZ received technical know-how with respect to the usage of new software. After completing their training, the two employees returned to their company and conducted a workshop for one week on the usage of new software. This workshop helped the employees of XYZ to shed their inhibition towards new technologies and the usage of software. Now the employees started using the new software without any difficulty. For any doubts or clarifications, they could freely consult the two employees who had received training at ABC company. The GM felt happy that all the employees had no difficulty working on the new software. The good leadership qualities exhibited by the GM led to the introduction of new software and its acceptance in the company. In the year of 1996, the company bagged a project that especially required the assistance of the new software being introduced. Since all the employees were trained to work on the new software, the new project was successfully completed in a record time. The completion of the new project increased the XYZ’s profit to Rs. 500 crores. The credit for successful diffusion of technology in the company and resulting profitability goes to the insight and leadership qualities of the GM. a) Why do you think the employees showed reluctance towards adopting new technologies or learning new skills? Ans : Reasoning for the reluctance : 1. Shock and Fear of the Unknown: This is one of the key reasons why employees resist change in the workplace. Employees’ responses to organizational change can range from fear and panic to enthusiastic support. During periods of change, some employees may feel the need to cling to the past because it was a more secure, predictable time. 2. Lack of Competence: Q.4 Consider the above case and answer the following questions a) List out the advantages of using new technologies in XYZ company
  • 3. Ans : 1. Market Expansion: Innovative technology can help even smaller businesses compete on a global stage. Innovations such as the Internet, for example, allow a sole proprietor to offer her products or services to prospects around the world through the use of a website. She can provide detailed product descriptions and photos of her products to provide prospects with all the information they need to make an informed buying decision. Social media vehicles like Facebook and Twitter also allow her to network with others who may have an interest in her business, without the need for face-to-face interaction. 2. Cutting Costs: b) If you were the GM of XYZ company, which type of technologies you would prefer keeping in mind the company’s interests. Ans : 1. Inventory Control System: If your business sells goods, you may want to explore an inventory control system. These systems keep track of every item in your inventory, ensuring you do not run out of stock, nor you order too much. When new inventory arrives, the system is updated to reflect the additions and Q.5 Discuss the stages involved in technology life cycle with suitable examples. Ans : The TLC may be seen as composed of four phases: (a) The research and development (R&D) phase (sometimes called the "bleeding edge") when incomes from inputs are negative and where the prospects of failure are high There are always smaller firms (SMEs) who are inadequately situated to finance the development of innovative R&D in the post-research and early technology phases. (b) The ascent phase when out-of-pocket costs have been recovered and the technology begins to gather strength by going beyond some Point A on the TLC (sometimes called the "leading edge"): The ascent stage of the technology usually refers to some point above Point A in the TLC diagram but actually it commences when the R&D portion of the TLC (c) The maturity phase when gain is high and stable, the region, going into saturation, marked by M, : The maturity phase of the technology is a period of stable and remunerative income but its competitive viability can persist over the larger
  • 4. (d) The decline (or decay phase), after a Point D, of reducing fortunes and utility of the technology. After reaching a point such as D in the above diagram, the earnings from the technology begin to decline rather rapidly. To prolong the life cycle, owners of technology might try to license it out at some point L when it can still be attractive to firms in other markets. This, then, Q.6 Discuss the process of technology based innovation process with suitable examples. Ans : Technology, technological development and innovation are concepts and words used freely, and often without a proper understanding, in most economic development and enterprise policy papers. This section sets out a conceptual framework for the remainder of the think piece. According to Mokyr (2008, p1) “Technology is the utilisation of natural phenomena and regularities for human purposes”. Similarly, Dosi (2010) defines technology as a human-constructed means for achieving a particular end, such as the movement of goods and people, the transmission of information or the cure of a disease. In short, Dear students get fully solved assignments Send your semester & Specialization name to our mail id : help.mbaassignments@gmail.com or call us at : 08263069601