management of technology

Management of Technology and Supply Chain Management

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Management of Technology

Management of Technology however , may be appropriate for covering the what and how of selecting new products for new markets . Innovation management or simply the management fad of product development is a discipline that probably covers the objective of inventing new product-market combinations , especially as more recent work on both fads emphasize strongly the link to marketing and the customer

Over the last few years , a perception

of MoT as a part of strategic management has become evident in the literature . This seems to be the culmination of a historical development . A review of the MoT literature reveals that many authors do not share a common understanding of the subject or the nature of technology and management of technology . Thus the literature on MoT is rich both in different perceptions of MoT and in work within each of these perceptions . Each of the many contributions to the MoT field has something to offer . An overview of the different perceptions of MoT and their implications is , therefore , much needed

Some authors state that the field of MoT has existed since the early 1980s in its present form , but that the field can be traced back to the early 1970s under labels such as R D management , innovation management engineering management , industrial engineering , and operations management . The argument that MoT now embraces all of these different fields is that MoT is an umbrella concept that has the purpose of creating competitive advantage for firms by means of the internal activities in the firm . This has also been (part of ) the purpose of operations management , but to me the strength of having MoT as the umbrella concept is that it allows for many different approaches to creating competitive advantage . This is in line with my rather pragmatic view that in practice many different approaches are needed to secure and create competitive advantage

In 1987 , the U .S . National Research Council (NRC ) published Management of Technology : The Hidden Advantage , a research project aimed at discussing some current tendencies within international competition . NRC defines MoT as

Management of technology links engineering , science , and management disciplines to plan , develop , and implement technological capabilities to shape and accomplish the strategic and operational objectives of an organisation . Key elements of MoT in industrial practice are (1 ) The identification and evaluation of technological options (2 ) Management of R D itself , including determining project feasibility (3 ) Integration of technology into the company 's overall operations (4 ) Implementation of new technologies in a product and /or process and (5 ) Obsolescence and replacement (National Research Council , 1987 ,

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This is one of a number of explicit definitions of MoT . Another definition within the same tradition is

[MoT should] explicitly incorporate mechanisms to deal with management 's understanding of new and emerging technologies organizational and workforce issues , and factors external to the firm . [MoT should be] Integrated ' because it...