By PHANI KRISHNA ESCI

Definition of Technology
All the Knowledge, products , process, tools methods and systems employed in creation of goods or in providing services Application of Knowledge is Technology

Technology management
Technology Management is set of management disciplines that allows organizations to manage their technological fundamentals to create competitive advantage.

Types and components of Technology Mgt

Technology planning
The technology planning process will help minimize technology-related crises, use staff time efficiently, and avoid wasting money on equipment. Create a plan to help you think through your priorities in order to use technology in a way that directly furthers your mission.

Process of planning
Forecast the technology Analyze and forecast the environment Analyze and forecast the market/user Analyze the organization Develop the mission Design organizational actions Put the plan into operation

Technology forecasting
Technology forecasting attempts to predict the future characteristics of useful technological machines, procedures or techniques.

It provides vision of the future that can be used to guide action of the present in anticipation of future states.

Methods of Forecasting Technology

Monitoring Expert opinion Trend analysis Modeling

Technology Acquisition
Acquisition of technology and knowledge involves the purchase of external knowledge and technology without active co operation with the source. This external knowledge can be embodied in machinery or equipment that incorporates this knowledge. It can also include the hiring of employees who possess the new knowledge, or the use of contract research and consulting services. Disembodied technology or knowledge also includes other know-how, patents, licences, trademarks and software.

Technology acquisition methods

Internal R&D Participating in a JV Contracting out for R&D Licensing in of Tech. Buying the tech.

Technology Transfer
It is a process that permits the flow of technology from a source to a receiver. Source is the owner or holder of knowledge, while the recipient is the beneficiary of such knowledge TT is the process by which tech, knowledge and information developed in one enterprise for particular purpose is applied and utilized in another enterprise for another purpose

Modes of technology transfer

International TT: eg. Advanced to developing countries Regional TT: eg. AP to HP X- industry or X- sector TT Eg. Space program to commercial applications Inter-firm TT : Eg. Transfer of CAD / CAM expertise from machine tool mfg firm to a furniture producing firm. Intra-firm TT: Eg. One division to another, one dept to othersophisticated computer tech. to manual work

Channels of Tech. flow

General channel: education, training, public conference, study missions, exchange visits Reverse engineering channel Planned channel: licensing, franchising, JV, turnkey project, FDI and consortium.

Technology absorption
Absorption is generally considered as the capability to reproduce or manufacture products according to the "know-how" supplied by the licensor of technology Required skill sets to be available by Receiver before absorption

Technology implementation
Introduction of new technologies to either an existing organization, or to a larger community, such as a type of business. the process required to introduce a new technology to a larger community

Technology diffusion
Diffusion is Spreading . Any Innovation , idea , system is successful when it is adapted by users and diffused through user population. it is a process by which an innovation is communicated through channels to members of a social system.

Technology Development
The process of technology innovation is a complex set of activities that transforms ideas and scientific knowledge into physical reality and real-world applications. It is a process that converts knowledge into useful products and services that have socioeconomic impact.

Technology Development
Basic research Applied research Tech. development Tech implementation Production Marketing Proliferation

Technology strategy
Devising a Technology Strategy is vital for any Organization to gain a Competitive edge ; to be integrated with Business Strategy Sequence of activities of Tech Mgt cycle ; from Tech Planning to Diffusion

There are 5 steps involved in evolving a strategy for a TS

1.Look at your situation Understand context, helps you understand your internal and external environment regarding, transfer and define objectives and strategies for how to proceed. 2.Choose the right path Analyze risks and select strategy, helps you understand the risks associated with the transfer and select the right strategy to follow. 3.Focus the transfer : Plan technology implementation, helps you plan the next step of the tech. implementation

4. Getting it done: Implement technology, helps you implement the transfer as defined in the plan 5. Determine where to go next: Review and update transfer plan, helps you understands the results of the transfer to date and how to proceed based on the results.

Benefits of Effective Technology Management

Increase sales Reduce costs Reduce wastage Enhance profits Make people more productive

Gain Competitive edge Be better prepared for the future. Tap new opportunities. Conduct superior technology planning