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Assignment: Submitted To: Mam Iqra
Assignment: Submitted To: Mam Iqra
Technology Definitions:
Technology is a Greek word derived from the synthesis of two words: techne (meaning
art) and logos (meaning logic or science).
1. Technology is the collection of techniques, skills, methods and processes used in
the production of goods or services or in the accomplishment of objectives, such
as scientific investigation.
2. Technology is all the knowledge, product, process, tools, methods and system
employed in the creation of goods or in providing services.
3. Technology is the integral body of technical and organizational (software) and
tools (hardware) used in the production of goods and services.
I. Hard technology is technology that is embodied in machinery and
equipment
II. Soft technology is the know-how and information that is disembodied
from hard technology
Management Definitions:
1. Management's primary function is to get people to work together for the
attainment of an organization's goals and objectives.
2. Management is the process of reaching organizational goals by working with and
through people and other organizational resources.
Today, technology is more vital than ever to firms global competitiveness. Yet,
technology is inherently difficult to manage with its constantly changing and
unpredictable nature. As a result, the field of Management of Technology has emerged
to help aid the technology managers through this complex maze by giving them the
tools, processes, and the know-how they need to bring high-tech products to the
marketplace.
Technology management is a demanding and a rewarding job, as it requires the right
balance of generalization and specialization, business and technology, big picture
thinking and minding the details, as well as hard and soft skills.
Integrated Planning
Design
Optimization
Operation and Control of technological products, processes and services
Examples of Technologies:
Cars
Cell Phones
Camera
Bluetooth
Apple
Phones
Fax
Flash Drives
Multimedia Players
Earphones
Scanner
Printers
Tablets
Computers
Laptops
Steel Making
Metal Body forming
Electrical Engineering
Electronic Engineering
Rubber & Plastic
Paint
Metal Cutting & welding
Mechanical
Improves communication
Encourages Innovation and Creativity
Improves on Human Resource Management
Increases production and saves time
Improves communication through communication technology
Improves data storage and file management
Conclusion:
Advances in IT are producing many changes in our society. These changes have
produced many benefits, but they have also raised several concerns. Innovations in IT
have created new jobs, promoted the growth of new markets, and increased
international trade and investment.
However, the expansion of IT also introduces costs. Workers in certain sectors of the
economy lose their jobs as innovations in IT create a greater demand for high-tech
workers and introduce efficiencies that make jobs obsolete. Another negative
consequence of the IT revolution is the inequitable distribution of access to IT, called the
digital divide.
If the new technologies are to fulfill their promise, these costs and concerns will need to
be addressed. Experience with previous technologies suggests that prudent policies
can help us effectively manage the risks associated with new technologies without harm
to their benefits. Experience also suggests that the required policies must be developed
through close consultation between government and private sector experts and
stakeholders.
References:
https://binnur.wordpress.com/2013/02/11/technology-management-intro/
http://www.useoftechnology.com/
https://en.wikipedia.org/wiki/Technology_management
http://www.globalization101.org/conclusion-8/
http://www.slideshare.com/