Management of Technology

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Management of Technology

Transcript of Management of Technology

Management of Technology:Management of technology (MOT) is an interdisciplinary field that integrates science. Engineering, and management knowledge and practice. The focus is on technology as the primary factor in wealth creation. Wealth creation involves more than just money. It may encompass factors such as enhancement of knowledge. Intellectual capital, effective exploitation of resources. Preservation of the natural environment and other factors that may contribute to raising the standard of living and quality of life. Managing technology implies managing the systems that enable the creation. Acquisition and exploitation of technology. It involves assuming responsibility for creating. Acquiring and spinning out technology to aid human endeavors and satisfy customers needs.

MOT at the firm level:1

A National Research Council report (1987) on management of technology defined, It as an interdisciplinary field concerned with the planning, development and implementation of technological capabilities to shape and accomplish the operational and strategic objectives of an organization.

MOT at the National/Government level :From a macro-level perspective a more general definition may be appropriate for MOT. It can be defined as A field of knowledge concerned with the setting and implementation of policies to deal with technological development and utilization, and the impact of technology on society, organizations, individuals and nature. It aims and to foster responsible use of technology for the benefit of humankind. At the national level, more focus is placed on the role of public policy as it applies to the advancement of science and technology. The overall impact of technology on society is explored. Particularly its role in developing sustainable economic growth. Government and organizational policies are developed to embrace technological change for the benefit of their constituencies.

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Management of Technology Program History :Established in 1981 as a joint program of the schools of management and engineering, the MIT Management of Technology (MOT) Program was the quintessential MIT invention an elegant solution to a critical global challenge. For a quarter of a century, this specialized one-year master's program provided technologists with the management expertise to drive successful ventures in a hypercompetitive marketplace. Eventually, the program evolved into a product of the school of management only. Geared for midcareer professionals in technology-based organizations, the MOT Program taught hundreds of engineers to assess, mine, and market technological enterprises. MOT students developed the ability to weigh risks and make decisions under volatile conditions. They discovered how technology interacts with other key business areas. And they had the opportunity to update their technical expertise in the research facilities of one of the most influential technology think tanks in the world.

Elements of strategic Management of Technology :Elements of strategic management of technology (MOT) are discovered and outlined in a conceptual framework. Strategic MOT is a necessity for creation and execution of technology strategy for sustained competitive advantage of an enterprise. In absence of coherent frameworks, practitioners encounter difficulties to cope with3

complexity of MOT. Amended framework, based on integrated management theory, considers comprehensively elements of company's internal technology infrastructure, objectives and external environment impacts. The strategic MOT framework is suggested to provide theory basis for scholars and be applicable for practitioners to enable clarity and convergence of technology management.\\

Key Features of Management of Technology (MOT):Abstract: Management of Technology (MOT) Education is growing both in numbers and importance. There are more than 200 universities in the world that are offering MOT programs. However, these universities have taken different approaches with respect to the names and designs of the programs. In Malaysia, some of the programs are known as Technology Management, Production & Operation and Industrial Management. Background : Global competition, rapid technological change and diversification have been the major drivers for establishing management Technology (MOT) as a discipline in 1987 (The United States National Research Council, 1987). The needs continue after over 25 years when managers with technological competencies have been recognized as a greater player in the knowledge-based economies. Organizations are trying to find ways in which o optimizing utilization of technology to gain competitive advantage. Having state-of-art technologies are no longer the pre-requisite of an organization to compete globally. Instead, recognition of technologies as strategic inputs, mastering key technologies and be able to link technological aspects into other key.1.

Background: There is a growth in the number of formal MOT programs in the world. It has been actively developed in the United States and the Europe as early as in the eighties. However, there is still no indication that the growth in number of these programs is reaching a maturity point. The titles and the contents of the programs continue to vary. As a result,2.

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conferences, collaborations and also forums all over the world have been actively discussed on the features of MOT programs in the world. There was an attempt by the International Association for Management of Technology (IAMOT) as one of the prominent associations in MOT to develop a guideline to accredited MOT programs at post graduate levels. The guideline was developed through a survey among v stakeholders all over the world. The survey concluded that there are five knowledge groups of MOT education. Which are: Management of Technology (MOT) Centered Knowledge Knowledge of Corporate Functions Technology-Centered Knowledge Special Requirements/Assignments Knowledge of Supporting Disciplines 3. Research Methodology: This study employed qualitative multiple-case study approach. Multiple case studies should be regarded as multiple experiments rather than multiple respondents and so replication logic and not sampling logic should be adapted to choose the cases. 4. Results and Discussions: The titles of the programs: The titles of the two programs reflected MOT name as suggested in the IAMOT Credo. The programs titles are known as Bachelor of Technology Management (BTM) and Bachelor of Technology Management (Production and Operation) (BTMPO). This practice is similar with the practices in other South East Asia Region such as the Philippines and Singapore. This indicates that MOT can be described in diverse names, depends on the focus of the offering schools. The structure and components of the programs: Both programs comprised of business and management components, technology management and universitys subject components which is

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consistent with the IAMOT Credo. Component varies. There are two important contributing factors affecting this structure: Rules and Procedures set by the Malaysian Qualification Agency (MQA) (accreditation body), whereby each of Universitys subjects. The objectives of the programs where they must fulfill the designated purpose set forth earlier by the respective patriotism spirit among the students. Technology Concepts in the Courses Both programs have integrated technology concepts in some of the courses such as technology management and Technology and culture. Future prospect of MOT graduates evidently, technology management programs in this university do not aim at producing engineers but more to connect the missing link between engineering and scientific knowledge and general management.

Why Management of Technology now?The world is changing. As we move into the twenty-first century, the pace of change continues to increase. New technologies emerge and the dynamics of trade shifts. Management systems must also shift to cope with the change. These shifts create a totally new paradigm of business. Lets examine the nature of this change since the end of World War II.6

The World: Post World War II World War II created a new order in the world. The industrialized countries dominated the scene. They had the major share of the worlds productive capacity. Technology-based products were sold at home and all over the planet, creating great wealth for countries such as the United States, Britain, and France. Many industries flourished and companies such as Ford, General Electric, AT&T, IBM, and Westinghouse became conglomerates. The years after the war were the golden years of Western industry. The World today: The most pronounced difference between the world today and the world of yesteryear is the rapid pace of technological change. This pace is combined with variation in the scope of technology deployment. Global competition is also relatively new. Competition among nations has intensified in the 1980s and 1990s compound by the emergence of new countries on the playing field this contributes to a continuous shift in the balance of economic power. With the end of Cold War. A new world order has emerged. The pace of technological change the magnitude and speed of technological change in recent years have been phenomenal. A very rapid rate of technological innovation is making it imperative to consider technology as the primary factor influencing economic growth and prosperity. Technological changes have been of such magnitude that it is difficult for individuals, and often for institutions, to follow them. In several technological sectors, such as the information sector, more changes have occurred in the last few decades then in the previous few thousands years. Technological changes in the twentieth have significantly influenced employment patterns and societal c