Answer : Technology forecasting :
Generally, ‘forecasting’ refers to the prediction of future on the basis of available
information. In the early days, traditional forecasts used to deal with the speed andpower. They did not focus on the structures of the organisation. It was assumed thatinventions of the future are not easy to predict. The forecasters were not focused onevaluation of the forecast process.
Q4. Write a short note on technology strategy. Explain in brief about the innovationmanagement.
3 marks, Describe
7 marks) 10 marks
Answer : Technology strategy :
We know that a strategy is a long term view that describes a high level framework. Thishigh level framework describes where the organisation needs to be in the future years. Wecan define technology strategy as a planning document that explains how technologyshould be utilized as part of an organization's overall business strategy. The document isusually created by an organization's technology manager and should be designed tosupport the organization's overall business plan.
Q5. What is the importance of technology diffusion? What are the benefits of technology absorption? (Importance- 5 marks, 5 benefits
5 marks) 10 marks
Answer : Importance of technology diffusion :
Technology diffusion plays a major role in most of the countries today. The barriers totechnology diffusion help us to determine the magnitude of technology diffusion. Thesebarriers determine the volumes of diffusion. Diffusion enlarges the set of availabletechnologies and increases the productivity of the country. In case of diffusion,productivity is determined by the domestic technology in the production country and thediffusion technology from other countries. The technology diffusion
Q6. Explain the implementation of new technology. Briefly describe the automationdecisions.
(Explanation- 5 marks, Description of automatic decisions
5 marks) 10 Marks
Answer : Implementation of new technology :
We know that planning is the key to success of a project. In the same manner, a sound
planning is essential for the success of any technology’s implementation. The failures that
are likely to arise during the implementation process may be due to the poor planning or