What is technology management?
Article book date: 20 February 2007
Citation
(2007), "What is technology management?", Journal
of Technology Management in China, Vol. 2 No. 1.
Https://doi.Org/10.1108/jtmc.2007.30202aaa.001
Publisher
Emerald Group Publishing Limited
Copyright © 2007, Emerald Group Publishing Limited
What is era management?
What is technology control?
Technology control or control of generation (MOT) may be considered from many exceptional perspectives because the phrase generation itself is challenge to numerous interpretations. However, the author of this editorial strategies the subjects from one-of-a-kind reports which can be associated with specific environments and backgrounds. It is hoped that this editorial will present the various sides of technology control. The two phrases of control and technology now not best bring the load of many special meanings, however additionally present extra sophistication due the anthropological variety. To many, MOT approach managing engineering and era. To others, MOT suggests managing understanding and statistics, managing research and improvement, handling manufacture and operation, coping with the activities of engineers and scientists or handling the purposeful activities without challenge for the entire of sports that encompass the commercial enterprise standards to commercialization technique. According to Gaynor (1996), those interrelated sports have to be incorporated right into a technology device. MOT method not handiest dealing with the gadget, however also handling the pieces, which involves integrating the “pieces” into an acceptable “whole” by means of focusing attention on the interdependence of the portions. However, those gildings are best part of the manner of MOT by this editorial.
According to the 1987 workshop document of National Research
Council (NRC) of USA, “Management of Technology” is the hidden competitive
benefit bridging “the information and exercise gap” among technology,
engineering and enterprise control (Khalil, 2001). Management of Technology
(MOT) as a area hyperlinks “engineering, technology, and management disciplines
to plan, develop, put into effect technological abilities to form and attain
the strategic and operational goals of an enterprise.” The NRC report
summarises critical contributions to enterprise that management of generation
know-how can make as follows:
How to integrate technology into the overall strategic
targets of enterprise
How to get into and out of technologies quicker and greater
efficaciously
How to assess/examine generation extra efficiently
How pleasant to perform technology transfer
How to lessen new product improvement time and expenses
How to manage massive, complex and interdisciplinary or
inter-organisational initiatives/structures
How to manage the organization's inner use of era
How to leverage to effectiveness of technical specialists.
To placed it in a simple way, generation control is about
getting human beings and technology running together to do what humans are
looking ahead to, that is a set of systematic methods for managing the system
of making use of expertise to increase the human sports and produce described
products. Effective era management synthesizes the excellent ideas from all
aspects: educational, practitioner, generalist or technologist.
Significance of technology control
It is argued that there are three main factors strategically
in cutting-edge enterprises that underpin the advent of competitive blessings.
The first of these is strategic management. The effective leadership ensures
that the organization will increase itself in the proper direction and the
production of product will meet the call for of the marketplace. The second
thing is having a workforce with motivation and empowerment. They are the
riding forces of the company. The 0.33 issue is the proper control of
technology. It is essential that the organisation's technology be appropriately
and well managed for you to achieve powerful and aggressive repute (Harrison
and Samson, 2003).
Leadership and motivation of employees were broadly recognised as fulfillment factors. There were good sized additions to theories and exercise concerning development inside the management of people. Therefore, strategically, the closing warfare-discipline being aggressive depends on right management of era. To positioned it in another way, the strategic issue will be how a organization ought to broaden, gather, share and manage era appropriately and correctly.
It is exciting that this argument has been in congruence
with the American ancient enjoy. The USA skilled an growing global opposition
which led to loss of marketplace share in numerous enterprise sectors inside
the 1970s and Eighties. This became a subject now not handiest to industries,
however additionally to government and academic hobbies. To identify reasons of
the decline in US business competitiveness and to formulate a response to the
challenges inside global opposition, extreme paintings and efforts were
contributed in the search for causes and solutions. Discussions were initiated
through primary institutions which includes The National Seek Council (NRC), the
National Science Foundation (NSF), the American Association of Engineering
Societies, the Accreditation Board for Engineering and Technology, the American
Assembly of Collegiate Schools of Business, Oak Ridge related Universities and
others. A series of workshops were organised and attended by using experts for
the discussion of changing paradigms in business and generation. A resulting
consensus changed into that excellent attention and considerable amount of
efforts have to be directed towards making development inside the Management of
Technology and in accomplishing research and growing educational packages in
this emerging discipline of know-how.
Khalil (2001) highlights that efforts to improve america position in the global financial system have been being motivated via the know-how that greater businesses, inclusive of authorities agencies, excessive instructional institutions, establishments and founding companies, come to be aware of problems worried inside the global arena. Today, fast adjustments in the technology and commercial enterprise surroundings continue to occur. These modifications require non-stop updating of methods and strategies of business exercise. For instance, measuring the fee of a enterprise according to assessment of bodily property or primarily based on conventional accounting or finance formulation are inadequate in the expertise financial system. Education and schooling institutions need to think about the changing environment in generation and enterprise and respond by means of changing their programs accordingly. Khalil (2001) argues that global enterprise and engineering schools want to have consideration of incorporating into their curricula academic modules spotting the importance of the expertise technology and the technology revolution. The intangible property which include highbrow capital, intellectual houses, provider innovation, statistics generation and a lot of today's rapidly developing arenas must be recognized. Furthermore, among the current models and the traditional programmes need to consider the appropriateness and effectiveness of technology and innovation in addition to the volatilities of the surroundings wherein the technology is created and carried out.