C o p y r i g h t © 2 0 1 2 b y T h e M c G r a w - H i l l C o m p a n i e s , I n c . A l l r i g h t s r e s e r v e d . MANAGEMENT of The Key to Competitiveness and Wealth Creation TECHNOLOGY Tarek Khalil | Ravi Shankar
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MANAGEMENT of
The Key to Competitiveness and Wealth Creation
TECHNOLOGY
Tarek Khalil | Ravi Shankar
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INTRODUCTION
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DEFINITION OF TECHNOLOGY
• Technology can be defined as all the knowledge, products, processes, tools, methods, and systems employed in the creation of goods or in providing services
• Zeleny (1986) highlighted this point by proposing that any technology consists of three interdependent, codetermining, and equally important components:– Hardware– Software– Know-why or Brainware – Know-how
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DEFINITION OF TECHNOLOGY (Contd.)
• Quinn et al. (1996) presented the intellect of contemporary organizations operates at four levels in order of increasing importance:
– Cognitive knowledge, or know-what
– Advanced skill, or know-how
– System understanding, or know-why
– Self-motivated creativity, or care-why
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CLASSIFICATION OF TECHNOLOGY
• New Technology
• Emerging Technology
• Sustainable Technology
• High Technology (high-tech)
• Low Technology
• Medium Technology
• Appropriate Technology
• Tacit Technology
• Codified Technology
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MANAGEMENT OF TECHNOLOGY
NATURAL SCIENCE
SOCIALSCIENCE
INDUSTRIALPRACTICE
BUSINESSTHEORY
ENGINEERING MOT
The Interdisciplinary Nature of MOT
NATURAL SCIENCE
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MANAGEMENT OF TECHNOLOGY (Contd.)
Technology must connect with customer needs to satisfy those needs and achieve societal goals. Technology is the engine of economic growth.
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MANAGEMENT OF TECHNOLOGY (Contd.)
Factors Contributing to Wealth Creation
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WHY MANAGEMENT OF TECHNOLOGY NOW?
• The World: Post World War II
• The World Today– The Pace of Technological Change
Rate of Technological Change
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WHY MANAGEMENT OF TECHNOLOGY NOW? (Contd.)
• The World Today– The Change in
Scope
Economies of Scale, Scope, and Integration Source: Noori (1990). Reprinted by permission of Prentice-Hall, Inc., Upper Saddle River, NJ.
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WHY MANAGEMENT OF TECHNOLOGY NOW? (Contd.)
• The World Today– Changes in Competition
– Trade Blocs
Technology and Sustainable Growth
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WEBLINKS• http://www.financialexpress.com/news/Highlights-of-IndoUS-nucle
ar-deal/208405/
• http://articles.economictimes.indiatimes.com/2012-01-13/news/30624058_1_nuclear-deal-implementation-ellen-tauscher
• http://www.bbc.co.uk/news/business-16625725
• http://www.dnaindia.com/money/report_kodak-files-for-bankruptcy-secures-950-million-lifeline_1639566
• http://www.thestreet.com/story/11269749/6/5-steve-jobs-technology-milestones.html
• http://www.thetechlabs.com/tech-news/steve-jobs-biography/
• http://allaboutstevejobs.com/bio/short/short.html
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