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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
(Prefer mailing. Call in emergency )
ASSIGNMENT
DRIVE SUMMER 2017
PROGRAM Master of Business Administration – MBA
SEMESTER IV
SUBJECT CODE & NAME MI0040 – TECHNOLOGY MANAGEMEN
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. Define Science and Technology? In what way Science
and Technology support our survival and growth?
Answer:The role of science andtechnologyinfuture designwillbe discussedfromthe perspective of
someone who has lived all his life in the UnitedStates and whose scientific experience has spanned
the years since the late 1930s. It is likelythatthe readerwill findinmydiscussioncharacteristicsthat
apply to many developed countries and developing ones. Inasmuch as scientific progress is highly
dependentonfinancialsupportand,inmoderntimes,ongeneral societal support,itisappropriateto
discuss the interaction of science and society. Using the United States as an example, some of the
topicstobe discussedare theviewsof publicofficialswhoinfluencethe distributionof researchfunds,
the response of
Question. 2. a. Explain different types of Innovation.
Answer:It is remarkable howmanypeopleare underthe false assumption thatcompaniesare either
innovative ornot. This isa very polarizingandsimplisticperspectivethatdoesnottake into account
the different types of innovations that companies can and do pursue.
For thispost, let’sbreakdowninnovationintotwodimensions: TechnologyandMarket,whichgives
us the following 4 types of innovation:

2. b. Explain the process of innovation.
Answer: Taking an idea from a basic concept to a working product available in the marketplace is
highlyrewardingbutinvolvesa longandcomplexprocess.Recognisingandunderstandingthe process
and navigating through it using the support available can mean the difference between success and
failure.
Question. 3. 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)
Question. 4. a. What are the issues in strategic decision making in
Technology Management?
Answer: IT now permeates every fibre of every business and increasingly must extend outside the
traditional business boundary. With 77% of people using mobile as primary route to the internet
(Google Think Insights), organisations need
b. What are the 6 I’s of Strategic decision making?
Answer: Strategic Decision Making is a continuous process. There are various models for strategy
generation. But still a question that bothers us is - "How do we formulate and decide a strategy?"
Question. 5. a. What is competitiveness and what are the indicators
of competitiveness?
Answer:Existingcompetitivenessindicatorsystemswere usedasguidelinesinformingthe framework
behindthe Index.Three convergentpillarswerefoundamongthe mostcommonkeyindicatorareas:
Economic Dynamism, Government Efficiency and Infrastructure. The framework integrates these
pillars of local economic development and competitiveness up to the regional, national, and global
levels.

3. Question. 6. Explain the conceptual framework of Management of
Technology with a neat diagram
Answer: Technology management is a set of management disciplinesthat allows organizations to
manage their technological fundamentalstocreate competitive advantage.Typical conceptsusedin
technology management are:
 technology strategy (a logic or role of technology in organization),
 technology forecasting (identificationof possible relevant technologies for the organization,
possibly through technology scouting),
 technology roadmap (mapping technologies to business and market needs), and
 technology project portfolio (a set of projects
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
“ help.mbaassignments@gmail.com ”
or
Call us at : 08263069601
(Prefer mailing. Call in emergency )