Scribd
Upload
352 views

Management of Technology: Critical Factors in Managing Technology

This document discusses key factors in managing technology. It identifies 5 essential issues: creativity, timing, managing change, innovation, and technology enablers. Creativity leads to new ideas and innovations through inspiration and combining multiple concepts. Timing is important - technology must be commercialized at the right moment. Managing change and bringing innovations to market also require special skills. Resources, organizational structure, and human resource management all impact how technology is developed and utilized. Overall, effective technology management is critical for organizations to remain competitive in a changing environment.

Uploaded by

Pradip sah
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
352 views

Management of Technology: Critical Factors in Managing Technology

This document discusses key factors in managing technology. It identifies 5 essential issues: creativity, timing, managing change, innovation, and technology enablers. Creativity leads to new ideas and innovations through inspiration and combining multiple concepts. Timing is important - technology must be commercialized at the right moment. Managing change and bringing innovations to market also require special skills. Resources, organizational structure, and human resource management all impact how technology is developed and utilized. Overall, effective technology management is critical for organizations to remain competitive in a changing environment.

Uploaded by

Pradip sah
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 17

MANAGEMENT OF TECHNOLOGY

CRITICAL FACTORS IN MANAGING TECHNOLOGY

by
Puteri Fadzline bt Muhamad Tamyez
Faculty of Industrial Management
[email protected]
• The Creativity Factor
• The Timing Factor
• Managing Change
• Bringing Innovation to Market
• Technology and Its Enabler
• Essential Issues in Managing Technology
• Understand key factors in managing technology
• Explain requirements in managing change
• Know the issues in managing technology
May never be developed
into marketable products

Value for Invention


By adopting
commercialization invention
Is not instant

Invention Innovation

Market

To buy or to ignore the tech


Technology is the expression of human creativity

Invention Innovation
Technology is the to
Original creation expression
the world ofNew
human creativity.
to the company
Only few are commercialized Commercialized to the
market
Steam engine, transistor, Digital camera, smart phone,
Xerox machine itunes
As an event As a process
Individual In a team
• Creativity leads to innovation.
• Inspiration? Not satisfied with what we have.
• 2 or more ideas  new grand idea
• Example : Johannes Gutenbery created printing
press
• 3 ideas: A press, a movable type, wood blocks
• What does creativity depends on?
- People
- Environment
People that are creative  innovative!
Their ideas are:
• A large number
• Quickly generated
• Original
• Unusual
• Related to the problem arised
• Stand out
• Workers are placed in areas that they are passionate about
• Encourage brainstorming with colleagues
• Permits risks that are moderate
• Failures can be tolerated
• Giving recognition and awards
4
Gap between suppliers
and demanders

4Ps Marketing Strategy

2
Market Positioning

Product Definition
----the timely creation and introduction of technology into the
market place
Osborne: Lesson learnt?

Time-based competition (TBC)


-Example: Fast Food firms
-Time is reduced in delivering the service from start until
delivery.
Just-in-time systems
-Manufacturing firms
-Time wasted are compressed
-Any customer demands are responded quickly
Managing Operation Managing Innovation

Creating Today’s Revenue Total revenue is created

Route and Result is just one Results and routes are multiplied

By Functional Teams By Cross-Functional Teams

Clear, Shared Goals Unclear, Often Conflicting Goals

Players & Roles are traditional New Players & Role

DOING THINGS RIGHT DOING RIGHT THINGS


Resources

Environment of the Business

The Structure & Management of Organizations

Project Planning & Management

Management of Human Resources


Resources
Managers that live in competitive
The Business Environment
environment must be equipped with
The Structure & Management of Organizations
predictive methodologies and decision
Project Planning & Management
tools that are reliable, flexible, practical
Management of Human Resources
and fast.

• Their continued research, validation, refinement and application


deserve a high priority.
Resources

The Business Environment

The Structure & Management of Organizations

Project Planning & Management

Management of Human Resources

To remain competitive, a firm


must anticipate and evaluate
technological opportunities
before other firms attain an
insurmountable competitive edge
Resources

The Business Environment


Biggest challenge for organizations is

The Structure & Management of Organizations


harnessing and fully utilizing the

Project Planning & Management


capability of employees

Management of Human Resources

Special attention should be accorded to the following points:


• The Effects of Technological Change on the Skill Requirements of the Workforce
• Matching and Training the Skilled Workforce to Meet the Requirements of New
Technologies
• Obsolescence of Professional Staff and the Continuing Need for Professional
Development Activities
• The Role of Technological Gatekeepers and Internal Entrepreneurs
• Social Consequences of Technological Change
Organization will loose their competitiveness if fail to
manage technologies in an effective and timely
manner

Managing technology involves continuous effort in


creating technology, developing novel products and
services and successfully marketing them
5 essential issues in managing technology

A new managing style to adapt the changes is required


for organization survival in current environment
Credit to:
Tarek M.Khalil
Ahmad Nazif Kamar

You might also like