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Classification of Technology:
State-of-art technology: far superior to its counterparts.
Proprietary technology: protected by patents or agreements
Known Technology: Common to most organizations
Core Technology: essential to maintain once competitive advantage
Leveraging technology: supports number of products, product lines.
Supporting technology: provides support to core technology
Pacing technology: controlling the rate of development
Emerging technology: For future products or process
Scouting Technology: Formal tracking of potential products and processes.
Idealised unknown basic technology: Technology, if available would provide greater benefit.
Basic Technology:
WoodWard found that there is no relation between structure and performance.
Group
Technical
Complexity
Small Batches Production of single piece to customer order
Low
and unit
Production of technical complex pieces one by one
production
Fabrication of large equipment in stages
Production of pieces in small batches
Large batches
and mass
production
Continuous
production
Medium
High
Management of Technology:
Technology management : Capacity of a firm, a group or society to master management of
the factors that condition technology change, for improvement.
Objectives
Human need satisfaction
Productivity gain
International trade gain
Self Reliance
Technological Independence
Constraints
Technological Level : Knowledge, skill,
information
Resources: Human, material, finance,
facilities, energy
Mechanisms
Awareness Measures
Science culture creation
Education and training
B & D Institution building
Activities
Assessment and planning
Transfer and adaptation
Research and development
Monitoring and control
Criteria
Maximize positive effect
Minimize negative effect
Time
Short range (1-5 years)
Medium Range ( 5 -10 years)
Long range (10-20 years)
Perspective range (>20 years)
Technology Strategy:
1. Kind of technology that a firm selects for acquisition, development, deployment or
divestment.
2. Commitments Decision to invest or not to invest