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1. Dear students get fully solved assignments
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ASSIGNMENT
DRIVE SPRING 2016
PROGRAM MASTER OF BUSINESS ADMINISTRATION (MBA)
SEMESTER IV
SUBJECT CODE & NAME MI0040 – TECHNOLOGY MANAGEMENT
BK ID B1979
CREDITS 4
MARKS 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.
Question. 1. Describe the concept of technology management.
Briefly explain the implications of technology management at the
firm level and the national level.
Answer:TechnologyisaGreekwordderivedfromthe synthesis of two words: techne (meaning art)
and logos(meaninglogicorscience).Solooselyinterpreted,technologymeansthe artof logic or the
art of scientific discipline. Formally, it has been defined by Everett M. Rogers as "a design for
instrumental action that reduces the uncertainty in the cause-effect relationships involved in
achievingadesiredoutcome".Thatis,technologyencompasses both tangible products, such as the
computer,andknowledge aboutprocessesandmethods,suchasthe technologyof massproduction
introduced by Henry Ford and others.
Anotherdefinitionwasputforthby J. Paap, as quoted by Michael Bigwood in Research-Technology
Management. Paap defined technology as "the use of
Question. 2. a. Write about the changing trends in the industry.
Answer:Remember when the computer replaced the typewriter business? It took awhile for
computers to become prevalent, but the speed of change is increasing. New innovations are
accelerating the path to obsolescence for some industries. Here are a few examples of current
trends are causing industries to vanish.

2. b. Explain the process of strategic decision making in an
organization.
Answer:One of the essential parts of creating and running a small business is creating a mission or
visionforthe businessandasetof goalsthe companyaims to achieve.Strategic decision making, or
strategic planning, describes the process of creating a company's mission and objectives and
deciding upon the courses of action a company should pursue to achieve those goals.
Strategic Planning Basics: Strategic decision
Question. 3. a. Explain the concept of strategic planning.
Answer:Strategic planning is an organization's process of defining its strategy, or direction, and
making decisions on allocating its resources to pursue this strategy. It may also extend to control
mechanismsforguidingthe implementationof the strategy.Strategicplanningbecame prominentin
corporations during the 1960s and remains an important aspect of strategic management. It is
executed by strategic planners or strategists
b. Describe the concept of technology maps.
Answer:A technology roadmap is a plan that matches short-term and long-term goals with specific
technologysolutionstohelpmeet those goals. It is a plan that applies to a new product or process,
or to an emerging technology.Developing a roadmap has three major uses. It helps reach a
consensusabout a set of needs and the technologies required to satisfy those needs, it provides a
mechanismtohelpforecasttechnologydevelopments,anditprovidesaframeworktohelpplan and
coordinate technology developments.
c. What is technology forecasting?
Answer:Technologyforecastingattemptstopredictthe future characteristicsof usefultechnological
machines, procedures or techniques.
Important aspects: Primarily, a technological forecast deals with the characteristics of technology,
such as levels of technical performance, like speed of a military aircraft, the power in watts of a
particular future engine, the accuracy or

3. Question. 4. What is the impact of the technology change on the
following:
a. Organisational productivity
Answer:
Technological change willhave animpactonall organizations.There will be a need for new types of
managerial,diplomatic,and social skills and a concomitant need for a new type of decision making
process that will not be accommodated by existing organizational structures.
Three particularaspectsof the organizational environmentwill be affectedbytechnological change:
the amount of market competition and
b. Quality of work life
Answer:The QWL as strategyof HumanResource Managementhasassumedincreasing interest and
importance.There are divergent views as to the exact meaning of QWL. QWL is viewed as that
umbrellaunderwhichemployeesfeelfullysatisfiedwiththe workingenvironment and extend their
wholehearted cooperation and support to the management to improve productivity and work
environment.
In today's high tech, fast-paced world, the work environment is very different than it was a
generation ago. According to the Institute
Question. 5. Describe Global Information System (GIS) with neat
diagram.
Answer: Geographical information system is a data processing system that is capable of gathering,
analyzingandprovidinggeographicinformation.GISsystems are used to create maps or display the
results of queries for the location of objects or systems.
Question. 6. Explain the conceptual framework of Management of
Technology with a neat diagram.
Answer:A conceptual frameworkisananalytical tool withseveral variations and contexts. It is used
to make conceptual distinctions and organize ideas. Strong conceptual frameworks capture
something real and do this in a way that is easy to remember and apply. Isaiah Berlin used the

4. metaphor of a "Fox" and a "Hedgehog" to make conceptual distinctions in how important
philosophers and authors view the world. Berlin describes
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