I organization as a system is an important concept ii

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i. Organization as a system is an important concept ii. Importance of organizational levels is also recognized (discussed more fully later). b. Management of Technology is defined as linking different disciplines to plan, develop, implement, monitor, and control technological capabilities to shape and accomplish the strategic objectives of an organization. This definition clearly recognizes all of the management functions in the management of technology 1-3
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V. Importance of Managing Technology a. The rapid pace of technological change: Demands a cross-discipline approach. Has resulted in shortened life cycles of products b. There is a need to cut product development times and develop more organizational flexibility c. Because of international competition and reverse engineering, the firm must effectively use technologies and be on the lookout for ways to improve. Intense price competition must be met with increasing efficiencies. d. The tools for managing must change with the changes in technology. An example of a change in management comes from the employee working virtually from home who must be supervised differently than the employee sitting in the office. VI. The Process of Managing Technology a. Making Decisions—process must be managed i. Focus on the strategic posture of the firm—what does the firm want its approach to technology to be – leader or follower? ii. Focus on the scope of products or platform of products and processes. Do we want one product or a whole range of products? iii. Focus on actively determining its direction. The firm must actively determine its direction as opposed to reacting to events in a haphazard way. b. Tools for Managing Technology i. Industry analysis—domestic and international ii. Competitive analysis of competitors and relative position iii. Firm capabilities audit iv. Financial analysis v. Forecasting and risk analysis 1-4
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Innovation—Definitions c. Innovation is the process whereby new and improved products, processes, materials, and services are developed and transferred to a plant and/or market where they are appropriate. d. Management of Innovation is a comprehensive approach to managerial problem solving and action based on an integrative problem-solving framework, and an understanding of the linkages among innovation streams, organizational teams, and organization evolution. It is about implementation—managing politics, control, and individual resistance to change.
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