LCM-MBA Seminar Technology Environment

8/7/2019 LCM-MBA Seminar Technology Environment

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TECHNOLOGICAL

ENVIRONMENTTechnological

TransferTechnological

ForecastingForeign Collaboration


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Technology Transferpersonnel evaluate and

manage inventionportfolios, oversee patent

prosecution, negotiatelicensing agreements andperiodically review


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Processing and evaluating inventiondisclosures

Filing for patents

Technology marketing; Licensing; protecting intellectualproperty arising from research activity;

Assisting in creating new businessesand promoting the success of existingfirms.

The result of these activities will be new


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Systematic application ofscientific or other organizedknowledge to practical tasks.

The important feature oftechnology is its change and

then more change.Technological impacts are widespread, reaching far beyond the

immediate point of technological


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1. Increased Productivity2. need to spend on R&D

3. Jobs tend to become More intellectual4. Increased Regulation and StiffOpposition5. Demand for Capital6. Business Boundaries Redefined7. Social Change8. System Complexity9. High Expectations of Consumers

10. Resistance to Change


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Neo-Classical TheoryThe basic tool for the study

of technological change isthe notion of a productionfunction which specifies aquantitative relation betweeninputs and outputs. The most

common inputs are capital


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K

arl Marx perceived technology as notself generating, but as a processdirected by willful, conscious, activepeople and molded by historicalforces. He held that technologicalchange - the development of theproductive forces - was the primemover of history. The individualentrepreneur invests and innovatesbecause it is rational for profit

maximization or necessary for


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This theory views innovation as theengine of economic developmentand as a disequilibrium

phenomenon. Innovation is definedas the carrying out of newcombinations of means of

production, which include a widevariety of cases such as: theintroduction of a new good or of a

new quality of a good, or of a new


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This suggests a biological analogy to

explain technological change. TheDarwinian two-state process ofmutation (invention) and selection

(innovation) has been employed tounderstand the evolution oftechnology. Biological evolution

appears to have a certaincorrespondence with theinterpretation of technological

changes in industrial sectors - from a


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Markets govern the innovationprocess. The market constitutes acommunication channel throughwhich political, economic, socialand ecological forces influencebuyers in their demand for

technological products. Continuouschanges in these forces have animpact on the response provided by

technology with respect to the type,


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Economic IndicesArithmetic indices are derived based

on price variations in capital and laborin relation to the industrial output.Technological change is measured as

the weighted average of the change infactor prices, holding inputs constant.Solow derived a geometric indexbased on the premise thattechnolo ical chan e is e ual to the

LCM-MBA Seminar Technology Environment

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