Chapter 13-Technology Management

Question 1

What is technology management?

Answer 1

adapting to changes in the technological world and trying to incorporate newer inventions into business to enhance creativity and productivity

Question 2

What are 3 components of technology management?

Answer 2

Product innovation
technology innovation
research and development

Question 3

Steps of technology planning

Answer 3

It department first acquires data by conducting interviews and assessing the type of work an organization does

evaluate and analyze how effective the system is-practical implementation

once the system is implemented, system experts, managers and employees must work to maintain it

Question 4

Strategic Technology Management System Technique (stms) life cycle

Answer 4

1. technology creation
2. technology monitoring
3. assessment
4. technology transfer
5. accepting technological change
6. utilization