DISM403 TECHNOLOGY MANAGEMENT

Description

SESSION	FEB MARCH 2025
PROGRAM	MASTER OF BUSINESS ADMINISTRATION (MBA)
SEMESTER	III
COURSE CODE & NAME	DISM403 TECHNOLOGY MANAGEMENT

 

 

 

Assignment Set – 1

 

Q1. Define Technology Forecasting. Explain the technology forecasting model and its importance.   2+8     

Ans 1.

Technology Forecasting

Technology forecasting refers to the process of predicting the future characteristics, development, and impacts of technology. It involves the analysis of current trends, past innovations, expert insights, and scientific breakthroughs to anticipate how and when technologies will evolve. This approach is critical for organizations to adapt and prepare for future challenges and

 

 

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Q2. Elucidate the five-process framework for Technology management.           10

Ans 2.

Overview of the Five-Process Framework

The Five-Process Framework for technology management is a strategic model that outlines the key steps organizations must take to manage technological innovation effectively. This framework supports the integration of technology into business processes to create value, improve efficiency, and maintain competitive advantage. The five core processes are technology identification, selection, acquisition, exploitation, and protection. Each process is interrelated and

 

 

Q3. Define Technology Acquisition. What are the reasons for obtaining new Technology? Explain any 2 biggest Technology Acquisitions in the recent past.          

Ans 3.

Technology Acquisition

Technology acquisition refers to the process by which an organization obtains new technology from external sources to enhance its operational capabilities, increase competitiveness, and support innovation. It involves the purchase, licensing, or partnership of new systems, tools, or intellectual property developed by other organizations. Technology acquisition allows companies to access cutting-edge advancements without developing them internally

 

Assignment Set – 2

 

Q4. What is Technology change? What are the different phases and types of technology change? Explain by taking an example.    2+4+4 

Ans 4.

Technology Change

Technology change refers to the process through which new technologies emerge, evolve, and replace older ones. It is an ongoing transformation driven by scientific discoveries, market needs, innovation, and societal advancement. Technology change can be minor and continuous or major and disruptive. It impacts businesses, industries, and individuals, reshaping how we produce, communicate, travel, and live. Organizations must adapt to technology

 

Q5. Explain the selection and implementation process of new technology with a neat block diagram.           

Ans 5.

Introduction to Technology Selection and Implementation

The selection and implementation of new technology are critical steps in ensuring that technological investments lead to tangible business benefits. This process is not only about identifying the right technology but also about aligning it with strategic goals, operational requirements, and organizational capabilities. A systematic approach ensures reduced risk, higher adoption

 

 

Q6. List and Explain Different Modes and Different Ways of Technology Transfer. Explain Each One Taking a Relevant Example

Ans 6.

Technology Transfer

Technology transfer is the process of moving knowledge, skills, processes, and technologies from one entity to another. It may occur between organizations, countries, or institutions and plays a crucial role in innovation diffusion, industrial development, and collaboration. Technology transfer enhances economic growth by enabling the adoption of existing innovations in