Technology Management is set of management disciplines that allows organizations to manage its technological fundamentals to create competitive advantage. Typical concepts used in technology management are technology strategy (a logic or role of technology in organization), technology mapping (identification of possible relevant technologies for the organization), technology roadmapping (a limited set of technologies suitable for business), technology project portfolio ( a set of projects under development) and technology portfolio (a set of technologies in use).
The role of the technology management function in an organization is understand the value of certain technology for the organization. Continuous development of technology is valuable as long as there is a value for the customer and therefore the technology management function in an organization should be able to argue when to invest on technology development and when to withdraw.
Technology Management can also be defined as the integrated planning, design, optimization, operation and control of technological products, processes and services, a better definition would be the management of the use of technology for human advantage.
The Association of Technology, Management, and Applied Engineering defines Technology Management as the field concerned with the supervision of personnel across the technical spectrum and a wide variety of complex technological systems. Technology Management programs typically include instruction in production and operations management, project management, computer applications, quality control, safety and health issues, statistics, and general management principles.
Perhaps the most authoritative input to our understanding of technology is the diffusion of innovations theory developed in the first half of the twentieth century. It suggests that all innovations follow a similar diffusion pattern - best known today in the form of an "s" curve though originally based upon the concept of a standard distribution of adopters. In broad terms the "s" curve suggests four phases of a technology life cycle - emerging , growth , mature and aging .
These four phases are coupled to increasing levels of acceptance of an innovation or, in our case a new technology. In recent times for many technologies an inverse curve - which corresponds to a declining cost per unit - has been postulated. This may not prove to be universally true though for information technology where much of the cost is in the initial phase it has been a reasonable expectation.
The second major contribution to this area is the Carnegie Mellon Capability Maturity Model. This model proposes that a series of progressive capabilities can be quantified through a set of threshold tests. These tests determine repeatability , definition , management and optimization . The model suggests that any organization has to master one level before being able to proceed to the next.
The third significant contribution comes from Gartner - the research service, it is the hype cycle, this suggests that our modern approach to marketing technology results in the technology being over hyped in the early stages of growth.
Taken together these concepts provide a foundation for formalizing the approach to managing technology.
Graduate Programs
The Masters of Science in Technology Management (MS-Tech) in the Department of Business Administration at the University of Illinois at Urbana Champaign is a 12-month intensive master program tailored to meet the management development needs of professionals who use, deploy, create, or shape technology.
Master of Science in International Technology & Innovation Management (in English) is offered by the Graduate School of Management, St.Petersburg State University in Russia (www.gsom.pu.ru). It is a 2 year full-time program with admissions in July based on GMAT, TOEFL and an interview by GSOM and its corporate partners. The program consists of core and elective courses (120 ECTS) and includes a Study Abroad semester, a business project and 6-week internship at an international company as compulsory elements.
Shailesh J. Mehta School of Management IIT Bombay offers a Master of Management (M.Mgmt) with a strong focus on Technology Management.
Narsee Monjee Institute of Management Studies, Mumbai offers a 5 year integrated technology management programme.(B.Tech + MBA(Tech.)).
The Ph. D degree and Master of Science degree in Engineering Technology Management are also offered by the Dept. of Engineering and Technology Management(ETM) at the Portland State University. The ETM department is also the organizer of the prestige international conference (PICMET).
Indian Institute of Technology, Delhi (INDIA) also provides an MBA degree in Technology Management.
Department of Futures Studies, University of Kerala, Thiruvananthapuram offers an M - Tech degree in Technology Management (2 years).
MBA in Technology Management is offered by Northern Institute of Technology Management, Hamburg, Germany. The MBA forms a part of the Global Engineering Program and is also accompanied by a Master of Science in one of the courses at Technische Universität Hamburg Harburg.
The MS-Tech Program is unique in that it combines the development of essential business principles and skills with an emphasis on the fundamental role that technology plays in managing the business enterprise. Unlike traditional business programs, the MS-Tech Program immerses students in case studies on integrating new technology, the benefits of technology infrastructure, and problem solving through technology. This specialized knowledge of technology as a problem solving tool and change driver allows MS-Tech graduates to develop into more effective managers and leaders, and to adapt more readily to changes in the marketplace.
MSc degree Engineering and Technology Management (ETM) is offered by Bogazici University, Istanbul
Both PhD and MSc degrees in Technology Management are offered by the Defense Sciences Institute of the Turkish Military Academy (Kara Harp Okulu) .
With the diversity of students from different countries and different industries, students have an added benefit as this enhances their knowledge and prepares them effectively to become global leaders.
The MBA in Technology Management is one of the new courses offered by Anna University, India in Part time.
References
Companies
Fomatech Technology Management Consulting Ltd
Further reading
- Kropsu-Vehkapera, H., Haapasalo, H. & Rusanen, J-P. (2009). "Analysis of Technology Management Functions in Finnish High Tech Companies". The Open Management Journal 2 : 1–10. doi: 10.2174/1874948800902010001 . ISSN 1874-9488 . http://www.bentham-open.org/pages/content.php?TOMANAJ/2009/00000002/00000001/1TOMANAJ.SGM .
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