The document provides information about getting fully solved MBA assignments. It includes details about an assignment for the subject of Technology Management, including the semester, credits, marks, and 6 questions related to concepts like technology management, innovation, technology life cycles, and technology transfer. Students are instructed to answer all questions and provide approximately 400 words for 10 mark questions. Contact information is provided to send assignment details or call for assistance with MBA assignments.

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ASSIGNMENT
DRIVE SUMMER 2016
PROGRAM MASTER OF BUSINESS ADMINISTRATION (MBA)
SEMESTER IV
SUBJECT CODE & NAME OM0018 – 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.
Explain the various stages of strategic technology management
system (STMS).
Answer:Technology management is set of management disciplines that allows organizations to
manage theirtechnological fundamentalstocreate competitive advantage.Typical concepts used in
technology management are:
 Technology strategy (a logic or role of technology in organization),
 Technologyforecasting(identificationof possible relevanttechnologiesforthe organization,
possibly through technology scouting),
Question.2. Define technological innovation.
Explain the different types of innovation on the basis of flexibility
and in terms of offerings.
Answer:The technological innovation system is a concept developed within the scientific field of
innovation studies which serves to explain the nature and rate of technological change. A
Technological Innovation System can be defined as ‘a

2. Question.3. Briefly explain the guiding principles of technology
management.
Answer:Technology management is set of management disciplines that allows organizations to
manage theirtechnological fundamentalstocreate competitive advantage.Typical concepts used in
technology management are:
• Technology strategy (a logic or role of technology in organization),
• Technologyforecasting(identificationof possible relevanttechnologiesforthe organization,
possibly through technology scouting),
• Technology roadmap (mapping technologies to business and market needs), and
• Technology project portfolio (a set of projects under
Question.4. With a neat diagram, explain the various stages of
technology life cycle.
Answer:The technology life-cycle (TLC) describes the commercial gain of a product through the
expense of research and development phase, and the financial return during its "vital life". Some
technologies, such as steel, paper or cement manufacturing, have a long lifespan (with minor
variations in technology incorporated with time) whilst in other cases, such as electronic or
pharmaceutical products, the lifespan may be quite short.
Question.5. a. Define technology transfer. Explain the steps
involved in technology transfer process.
Answer:Technologytransfer,alsocalled transfer of technology (TOT), is the process of transferring
skills,knowledge,technologies,methodsof manufacturing, samples of manufacturing and facilities
amonggovernmentsoruniversitiesandotherinstitutionstoensure thatscientific and technological
developmentsare accessible toawiderrange of userswhocan thenfurtherdevelopandexploit the
technologyintonewproducts,processes, applications, materials or services. It is closely related to
(and may arguably be considered a subset of) knowledge transfer. Horizontal transfer is the
movement of technologies from one area to another
b. Explain the major categories of technology transfer
Answer:According to Carayannis et al., technology transfer usually involves some source of
technology,createdandownedbyagroup whichpossessspecializedtechnical skills;thisgroup then
transfers the technology to a target group of

3. Question.6. Explain the technological impacts on different aspects
of society.
Answer:Technologysocietyandlife ortechnologyand culture refers to cyclical co-dependence, co-
influence, and co-production of technology and society upon the other (technology upon culture,
and vice versa). This synergistic relationship occurred from the dawn of humankind, with the
invention of simple tools and continues into modern technologies such as the printing press and
computers. The academic discipline studying the impacts of science, technology, and society, and
vice versa is called science and technology studies.
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
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