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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
DRIVE
SUMMER 2016
PROGRAM
MASTER OF BUSINESS ADMINISTRATION (MBA)
SEMESTER
IV
SUBJECT CODE & NAME
OM0018 – TECHNOLOGY MANAGEMENT
Q.1: Describe the concept of technology management. Explain the various stages of strategic
technology management system (STMS).
Concept of technology management
Stages of strategic technology management system
ANS:
Concept of technology management:
Technology management can be defined as a process of planning, organising, selecting, and
controlling technological resources to
Q.2: Define technological innovation. Explain the different types of innovation on the basis of
flexibility and in terms of offerings.
Concept of technological innovation
Types of innovation on the basis of flexibility and in terms of offerings
ANS:
Concept of technological innovation:
“Innovation is the change that creates a new dimension of performance”.
According to the Department of Trade and Industry, UK, innovation refers to “the successful
exploitation of new ideas”. In simple words, innovation refers to the invention and successful
commercial exploitation of their invention. Technological innovation is one of the ways of gaining
competitive advantage

2. Q.3: Briefly explain the guiding principles of technology management.
Guiding principles of technology management
ANS:
Guiding principles of technology management:
Principles act as a guiding force in the management of any operation. For instance, to execute the
marketing activities of an organisation, certain principles should be followed. These principles are
value creation,
Q.4: With a neat diagram, explain the various stages of technology life cycle.
Diagram
Various stages of technology life cycle
ANS:
Diagram:
Q.5: a. Define technology transfer. Explain the steps involved in technology transfer process.
b. Explain the major categories of technology transfer
Concept of technology transfer
Steps involved in technology transfer process
Major categories of technology transfer
ANS:
Concept of technology transfer:
It involves the transfer of adoption of technology from the internal sources in the organisation or
implementing technology in the production system from the R&D facility.
Steps involved in technology transfer process:
The steps involved in a generic technology transfer process are
Formal disclosure of the invention: In this step, an organisation or institution formally discloses the
invention of any new
Q.6: Explain the technological impacts on different aspects of society.
Technological impacts on society
ANS:
Technological impacts on society:
The impact of technology on each of these aspects in detail in the following section.

3. Technology's Impact on BusinessBusiness has been at the forefront of technology for ages. From
the discovery of machines to replace
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