technological factor in business environment. technological impact, technology transfer , objective and problems in technology transfer

1. Submitted By-:
Ashish saraswat
Saurabh meena

2. INTRODUCTION
 Technology includes all aspects of applied science for
achieving a practical purpose.
 Technology is viewed as a means of combining four factors of
production( land, labor, capital and knowledge) which
increases the ability to create new product from combining
these factors.

3. Definitions
 According to G. Jones And C. Hill : “Technology is the
combination of skills and equipments that managers use in the
design, production and distribution of goods and services.”
 According to R.W. Griffin (2007) :- “Technology is the set of
processes and systems used by organizations to convert
resources in to products or services”.

4. Business and Technology
 Business and technology are inseparable, and complementary
to each other.
 Technology advancement increases the production, effective
use of resources, and brings opportunity for upgrading business
firms.
 Technological change leads to improved production of goods
and services

5. Business and Technology
 Technology which are related to business are:-
 Reduced running costs
 Improved productivity
 Improved competitiveness
 Lower costs per unit of product
 Improved quality of service (e.g. speed of service)
 Reduced wastage

6. Technology Transfer
 “The Process by which existing knowledge , facilities or
capabilities developed under R & D funding are utilized to fulfill
public and private need”.
 “Technology transfer is the process by which basic science
research and fundamental discoveries are developed into
practical and commercially relevant applications and products”.
 Import of technology also known as technology transfer which
involves sharing of skills , knowledge and facilities among
government and business so that these technological developments
are accessible to a wide range of users for commercial and welfare
purposes.

7. Contd.
 Technology Transfer Activities include: processing and
evaluating invention disclosures, filing for patents,
technology marketing, licensing and so on.
 The result of these activities will be new products, more
high-quality jobs, and an expanded economy.

8. TYPES OF TECHNOLOGY
 EMERGING TECHNOLOGY- is an innovative technology
that currently is undergoing bench scale testing, in which a
small version of the technology is tested in a laboratory.
 INNOVATIVE TECHNOLOGY- is a technology that has
been field tested and applied to a hazardous waste problem at a
site, but lack a long history of full-scale use.
 ESTABLISHED TECHNOLOGY- is a technology for which
cost and performance information is readily only after a
technology has been used at many different sites and the result
fully documented is that technology considered.

9. Problems In Technology Transfer
 Technology transfer has been the high cost and limited
capability of the resources
 Customer processing environment did not contain the
infrastructure needed for the transfer of technology
 There are also a number of political, managerial or
psychological problems which need to be addressed

10. The Objectives Of Creativity & Innovation
 To offer guidance and assistance to inventors and
corporations in matters of intellectual property
 To provide a meeting place for inventors and entrepreneurs
to come together to exchange names and provide a hands-
on learning opportunity to gain experience in dealing with
"real-world” information
 To aspects of intellectual property law practice
 To increase the general awareness of intellectual property
and its increasing importance as we further move into the
Information Age

11. Any Questions….??