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22 views

Unit 1 - Copy

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25fgv67g7v
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Technology

Management
By
Aman Dua
Year 2025(Seventh Module) Unit-1
NIT-W
Syllabus

• Unit 1: Technology Life-cycle: Innovation; Evolutionary economics; Technology life-cycle


• Unit 2: Technology acquisition: Identifying, nurturing, mentoring, and sourcing.

• After Mid term

• Unit 3: Managing Technological Risk: Government policies and its effects on technological
risks; Government intervention; Typology for government policy and innovation.

• Unit -4: Diffusion and New-to-the-World (NTW): Knowledge diffusion and Innovation policy
and social networks; Big-data.
Unit 1
• Introduction
• What is Technology?---------------------------------------------------

How is it different from Science?----------------------------------

Food for thought : Which is more Important?---------------------------

Technology, Science, Ethics/Morality or MONEY or happiness or


away from all these : Moksha
Introduction
• Technology has always been seen with Hope. What hope Do you Have
??????

• It has been supposed to simplify the business

Source: The trouble with Enterprise software year 2007 Vol 49 by Cynthea Rettig
Technology Lifecycle
• The life cycle of technology describes the stages that a technology
goes through from its initial development to eventual obsolescence.

• These stages reflect how technology evolves, gains adoption,


matures, and ultimately gets replaced or discontinued.

• Understanding the life cycle of technology helps businesses,


policymakers, and individuals adapt and plan for changes in the
technological landscape.
Functions /Aspects of Technology
management
• Some key aspects of technology management include:
1. Technology strategy: Aligning technology with business goals and objectives.
2. Technology planning: Developing and implementing technology plans and
roadmaps.
3. Technology acquisition: Procuring and implementing new technologies.
4. Technology deployment: Rolling out new technologies to users.5. Technology
support: Providing ongoing maintenance and support for technology systems.
6. Technology risk management: Identifying and mitigating technology-related
risks.
7. Technology metrics and monitoring: Tracking and analyzing technology
performance and metrics.
Advantages of Technology
Management
Effective technology management can help organizations:
• 1. Improve efficiency and productivity
• 2. Enhance customer experience
• 3. Increase competitiveness
• 4. Reduce costs
• 5. Improve decision-making
Session #3 and 4
Evolutionary Economics
• Evolutionary Economics is a branch of economics that studies the
processes of economic change, innovation, and development over
time.

• Unlike traditional economics, which often assumes rational behaviour


and equilibrium, evolutionary economics focuses on economies’
dynamic and adaptive nature, emphasising the role of innovation,
competition, and institutional change in shaping economic systems.
Applications of Evolutionary
Economics

 Innovation Studies:

 Industrial Dynamics:

 Policy Design:

 Economic Development:
Features of Evolutionary Economics

1. Assumes bounded rationality

2. Central to analysis

3. Computational, dynamic models

4. Diversity and heterogeneity

5. Emphasizes dynamic change

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