DISM403 TECHNOLOGY MANAGEMENT FEB MARCH 2025
₹190.00
DISM403 TECHNOLOGY MANAGEMENT
FEB MARCH 2025
Description
SESSION | FEB MARCH 2025 |
PROGRAM | MASTER OF BUSINESS ADMINISTRATION (MBA) |
SEMESTER | III |
COURSE CODE & NAME | DISM403 TECHNOLOGY MANAGEMENT |
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Assignment Set – 1
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Q1. Define Technology Forecasting. Explain the technology forecasting model and its importance.  2+8    Â
Ans 1.
Technology Forecasting
Technology forecasting refers to the process of predicting the future characteristics, development, and impacts of technology. It involves the analysis of current trends, past innovations, expert insights, and scientific breakthroughs to anticipate how and when technologies will evolve. This approach is critical for organizations to adapt and prepare for future challenges and opportunities. Rather than offering perfect predictions, it provides well-
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Q2. Elucidate the five-process framework for Technology management.          10
Ans 2.
Overview of the Five-Process Framework
The Five-Process Framework for technology management is a strategic model that outlines the key steps organizations must take to manage technological innovation effectively. This framework supports the integration of technology into business processes to create value, improve efficiency, and maintain competitive advantage. The five core processes are technology identification, selection, acquisition, exploitation, and protection. Each process is interrelated and contributes to the comprehensive management of technology throughout its
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Q3. Define Technology Acquisition. What are the reasons for obtaining new Technology? Explain any 2 biggest Technology Acquisitions in the recent past.         Â
Ans 3.
Technology Acquisition
Technology acquisition refers to the process by which an organization obtains new technology from external sources to enhance its operational capabilities, increase competitiveness, and support innovation. It involves the purchase, licensing, or partnership of new systems, tools, or intellectual property developed by other organizations. Technology acquisition allows companies to access cutting-edge advancements without developing them
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Assignment Set – 2
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Q4. What is Technology change? What are the different phases and types of technology change? Explain by taking an example.   2+4+4Â
Ans 4.
Technology Change
Technology change refers to the process through which new technologies emerge, evolve, and replace older ones. It is an ongoing transformation driven by scientific discoveries, market needs, innovation, and societal advancement. Technology change can be minor and continuous or major and disruptive. It impacts businesses, industries, and individuals, reshaping how we produce, communicate, travel, and live. Organizations must adapt to
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Q5. Explain the selection and implementation process of new technology with a neat block diagram.          Â
Ans 5.
Introduction to Technology Selection and Implementation
The selection and implementation of new technology are critical steps in ensuring that technological investments lead to tangible business benefits. This process is not only about identifying the right technology but also about aligning it with strategic goals, operational requirements, and organizational capabilities. A systematic approach ensures reduced risk,
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Q6. List and Explain Different Modes and Different Ways of Technology Transfer. Explain Each One Taking a Relevant Example
Ans 6.
Technology Transfer
Technology transfer is the process of moving knowledge, skills, processes, and technologies from one entity to another. It may occur between organizations, countries, or institutions and plays a crucial role in innovation diffusion, industrial development, and collaboration. Technology transfer enhances economic growth by enabling the adoption of existing
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