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Master of Business Administration- MBA Semester 4
MI0040 –Technology Management -4 Credits
(Book ID:B1326)
Assignment Set -1 (60 marks)
Note: Assignment Set -1 must be written within 6-8 pages. Answer all questions.
Q1.Define the term technology. Write a short note on evolution and growth of technology.
10 marks(350-400 words)
Answer : Technology is derived from the Greek word “technologic” in which “techno” means craft and “logia” means saying. On the whole, technology means having the knowledge of makingsomething.The term „technology‟ refers to knowledge, processes or products of technological activities, according to the
Q2.Citing an example, state and explain the reasons that compel a company to go for the new technology. 10 marks(350-400 words)
Answer : Reasons Compelling a Company for Obtaining a New Technology
In the previous section, we learnt in brief about the different alternatives for acquiring new technology. Now let us discuss about the reasons which compel a company for obtaining a new technology. The use of new
Q3.Briefly describe the concept of technology choice. List and explain the steps involved in technology assessment process. 10 marks(350-400 words)
Answer : Choice of technology has significant involvement in growth and productivity of an organization. The use of technology is always related to an objective. Because we can use different types of technologies to realize an organization’s goals, but the issue of choice arises. The effective choice depends on previously decided
Q4.Write a short note on technology strategy. Explain in brief about the innovation management.
10 marks(350-400 words)
Answer : We know that a strategy is a long term view that describes a high level framework. This high level framework describes where the organization needs to be in the future years. We can define technology strategy as a planning document that explains how technology should be utilized as part of an organization’s overall business strategy. The document is usually created by an organization’s technology manager and should
Q5.What is Research and Development (R&D), and how is it managed? Explain the different categories of Intellectual Property Management. 10 marks(350-400 words)
Answer : Research and Development also known as R&D, is typically the creation and execution of new product ideas. The research part of R&D refers to the planning and examining stage of creating a new product or upgrading an existing product. The development part involves the process of designing and testing the effectiveness
Q6.Explain the implementation of new technology. Briefly describe the automation decisions.
10 Marks(350-400 words)
Answer : Implementation of New Technology
The previous section gave you a clear idea on the necessary points, which you must keep in mind while choosing a new technology. In this section, we will understand itsimplementation.We know that planning is the key to success of a
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