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Description
| SESSION | JULY-AUG 2025 |
| PROGRAM | MASTER OF BUSINESS ADMINISTRATION (MBA) |
| SEMESTER | 3 |
| COURSE CODE & NAME | DITF303 TECHNOLOGY MANAGEMENT |
Assignment Set – 1
Q1. Define Technology Management. Differentiate between product and process technology. Give examples. 4+6
Ans 1.
Meaning and Scope of Technology Management
Technology Management refers to the systematic planning, development, acquisition, implementation, and control of technological resources to achieve organizational objectives. It involves aligning technology decisions with business strategy so that innovation supports long-term competitiveness. Technology management is not limited to machines or software; it also includes knowledge, skills, processes, and systems that enable organizations to design, produce, and deliver goods or services efficiently. Effective technology management ensures optimal utilization of resources, cost control, improved productivity, and continuous improvement. Managers must
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Q2. Define Technology change and Technology lifecycle. What are the reasons that compel a firm to go for technology change? Justify your answer by taking a suitable example. 5+5
Ans 2.
Technology Change, Technology Lifecycle, and Drivers of Change
Technology Change
Technology change refers to the adoption, modification, or replacement of existing technologies with newer or improved alternatives to enhance organizational performance. It involves transitioning from outdated systems to advanced technologies that offer better efficiency, accuracy, or competitiveness. Technology change may occur incrementally through gradual improvements or
Q3. Explain innovators, early adopters, early majority, late majority and laggards in the technology diffusion process? Explain this by taking 3-d printers as example. 10
Ans 3.
Technology Diffusion Process Explained Using 3D Printers
Technology Diffusion
Technology diffusion refers to the process through which a new technology spreads among users over time. Not all individuals or organizations adopt technology simultaneously. Instead, adoption occurs in stages, influenced by risk tolerance, awareness, cost, perceived benefits, and competitive pressure. The diffusion process classifies adopters into five categories: innovators, early adopters, early majority, late majority, and laggards. Each group plays a distinct role in
Assignment Set – 2
Q4. Explain Technology Transfer process with a neat block diagram. List and explain different modes and different ways of Technology Transfer. Explain each one taking a relevant example 5+5
Ans 4.
Technology Transfer Process, Modes, and Ways
Technology Transfer
Technology Transfer refers to the systematic movement of technical knowledge, skills, processes, or innovations from one organization, country, or sector to another for commercial or practical application. It enables organizations to acquire proven technologies instead of developing them from scratch, saving time and cost. Technology transfer plays a critical role in industrial development,
Q5. Define Artificial Intelligence (AI) and discuss the role and impact of AI in Technology Management. 3+7
Ans 5.
Artificial Intelligence (AI)
Artificial Intelligence (AI) refers to the simulation of human intelligence processes by machines, particularly computer systems. These processes include learning (acquiring data and rules for using the data), reasoning (using rules to reach conclusions), and self-correction. AI systems are designed to mimic cognitive functions such as problem-solving, decision-making, language understanding, and visual perception. Common applications include machine learning,
Q6. Explain briefly the Technology Assessment and Environmental Impact Analysis framework with a neat block diagram 10
Ans 6.
Technology Assessment (TA)
Technology Assessment (TA) refers to the systematic evaluation of the potential effects—social, economic, ethical, and environmental—of a new or existing technology. It aids decision-makers in understanding the implications of technology adoption or development. TA not only highlights the benefits of technology but also anticipates unintended consequences.
Objectives of Technology Assessment
The main