This document discusses key issues in managing technology. It identifies 7 needs for effective technology management as determined by the National Research Council. It also categorizes 5 issues in managing technology and lists priorities for remaining competitive through anticipating technological opportunities. Additionally, it outlines 5 priority issues for organizational structure and managing change. The document emphasizes that managing technology and innovation is essential for an organization to survive and compete in today's environment.
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Wk 3 critical factors in managing technology
2. Industry Needs in MOT *
Technology and Its Enablers *
Changing Trends in Industry *
Issues in Managing Technology *
Determinants of Nations Capability *
Managing Change *
Bringing Innovation to Market *
3. Understand needs in managing technology
Know the issues in managing technology
Explain requirements in managing change
5. Identified by National Research Council (1987)
1. How to integrate technology into the overall strategic
objectives of the firm
2. How to get into and out of technologies faster and more
efficiently
3. How to assess / evaluate technology more effectively
4. How best to accomplish technology transfer
5. How to reduce new product development time
6. How to manage large, complex and interdisciplinary or inter
organizational projects/systems
7. How to manage the organizations internal use of technology
8. How to leverage the effectiveness of technical professionals
6. Issues falling under the scope of MOT can be
categorized as follows:
1. Methods and tools for effective management of
resources
2. The business environment and the ability to manage
the interface between the organization and the
external environment
3. The structure and management of organizations
4. Management of R&D and engineering projects
5. Management of human resources under conditions of
rapid technological and social change
7. The decline of U.S. industrial competitiveness in the 1970s
and 1980s is widely perceived to have resulted not from an
inability to develop new technologies but from the failure to
manage available and emerging technologies in an effective
and timely manner
The unifying theme for the entire field of MOT is
technology as a creator of wealth
The concern is the conditions dictated by changes in
technology and by the global business environment
9. Managers that live in competitive environment must be equipped
with predictive methodologies and decision tools that are
reliable, flexible, practical and fast.
Areas are considered critical:
a. Methods of Performance Assessment
b. The Measure of Performance of a Technology
c. The Measure of Benefits from R&D Activities
d. New Tools for Optimizing Decisions
e. Alliances as Alternative to Rivalry
Their continued research, validation, refinement and application
deserve a high priority.
10. To remain competitive, a firm must anticipate and evaluate
technological opportunities before other firms attain an
insurmountable competitive edge.
The following are considered priority issues:
a. The Integration of Technological and Strategic Plans
b. The Impact of Third Parties on Technological Change
c. Increasing the Users Influence in the Selection and Application of
Technologies
d. Decreasing Social Resistance to the Introduction and Adoption of
Technology in the Workplace
e. Distributing the Benefits from New Technologies to Gain
Acceptance
f. Other Areas of Concern to the Firm
11. Installation of technological gatekeepers, the encouragement of
internal entrepreneurship and the increase of joint ventures in
both R&D and production have major consequences for
organizational structure.
The following topics are viewed as priority issues:
a. Factors Leading to Reorganization of Technological Activities in
Firms
b. Evaluating the Impacts of Reorganization on Technical Activities
(R&D and Manufacturing Engineering)
c. The Effects of Different Organizational Structures on the Efficiency
of the Product Development Cycle
d. Facilitators and Inhibitors of Technological Innovations and
Transfer within Organizations
e. Documentation of the Decision Processes Leading to Organizational
Changes
12. Complex R&D projects require the mobilization of substantial
resources and the coordination of activities.
Attention to the following items deserve special attention:
a. Project Portfolio Selection
b. Human Problems in Project Management
c. Initiation of Innovative Ideas in Organizations: Top Down or
Bottom Up?
Creating a balance between these divergent views
Understanding the dynamics of this balance
Finding and evaluating existing patterns and identifying their
impact on organizational performance
d. Postmortem Analyses of Projects
13. Biggest challenge for organizations is harnessing and fully
utilizing the capability of employees
Special attention should be accorded to the following points:
a. The Effects of Technological Change on the Skill Requirements of
the Workforce
b. Matching and Training the Skilled Workforce to Meet the
Requirements of New Technologies
c. Obsolescence of Professional Staff and the Continuing Need for
Professional Development Activities
d. The Role of Technological Gatekeepers and Internal Entrepreneurs
e. Social Consequences of Technological Change
f. Other Areas of Importance
14. Scientific and Market Demand An Agent That
Technological The scale of domestic Transforms This
Capability markets Capability into Goods
The strength of the national The openness of global and Services
research markets as engines for
innovation and its Synergy between basic
The quality of technical commercialization research and downstream
education technical activities such as
The strength of information design and production
technology infrastructure capabilities
Ability to continually
modernize plant and
equipment
15. Managing Operation Managing Innovation
Creating Todays Revenue Creating Tomorrows Revenue
Single Route and Result Multiple Routes and Results
Driven by Functional Teams Driven by Cross-Functional Teams
Clear, Shared Goals Unclear, Often Conflicting Goals
Traditional Players & Roles New Players & Role
DOING THING RIGHTS DOING RIGHT THINGS
17. 4
Gap between suppliers
and demanders
3
4Ps Marketing Strategy
2
Market Positioning
1
Product Definition
18. Organization will loose their competitiveness
if fail to manage technologies in an
effective and timely manner
5 essential issues in managing technology
A new managing style to adapt the changes is
require for organization survival in current
environment