Industrial Engineering & Management

Introduction to Technology Management

Abstract

Punit Namdeo, Musheer Ahmed Ansarie and Ashutosh Bhatnagar

Management of Technology is interdisciplinary fields that integrate science, engineering and management knowledge also with practice. Technology Management is set of management disciplines that allow organizations to manage their technological fundamentals to create competitive advantage. The main focus on technology part for manager is to create wealth. Technology management requires deep understanding of life cycles of technology, product, process and system. Technology management is also a tool to catalyze R&D. By providing R&D team in R&D organization to an increased extent, it can generate more science from existing science and more technology from existing technology. Technology management involve technological tool for national defense, national development and economic growth by resolving to make country a self-reliant, strong and technology developed country. Technology management involving those features can therefore act as a catalyst in propelling R&D programmed to achieve faster rates of technological growth.