nature of technological change & economics of technology management

Dr. Pradeep Desai

S3:

Nature of Technological change & Economics of Technology management 21 Nov 2016

Technology and Innovation

Contents 1 Types of Technology

2 Technological Changes

3 Technology Management

4 Economics of Technology Management

5 References

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Types of Technology

• Production, Process,…

• Agriculture, Environmental,...

• Material, Transportation, Energy and Power

• Medical,…

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HR Aspect in Technology

• Technology Manager, Head, Leader,…

• Technologists

• Skilled in tools, process and methodologies

• Technical trainings

• Technical competency

• Technical career path

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External Aspects - Technology

• Policies

• Environment

• Infrastructure

• Vendors /Partners

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Technology Change /Revolution Transformation from Agriculture to Industrial First Industrial Revolution (1760 - 1840)

Hand production methods to machines, new chemical manufacturing and iron production processes, improved efficiency of water power, the increasing use of steam power,... steam-powered ships and railways… Second Industrial Revolution (1840)

Development of internal combustion engine and electrical engines.

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Technology Change /Revolution Steel – 1870 Steel made it possible for mass industrial mass-production

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Technology Change /Revolution Digital Revolution (1970)– Beginning of the Information Age Change from mechanical and analogue electronic technology to digital electronics

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Digital Technology Central to the Digital Technology-

• mass production and widespread use of digital logic circuits

• derived technologies- computers, devices, digital cellular phone, internet,…

Technology Management

Technology Identification

Technology Evaluation

and Prototyping

Technology Portfolio

Management

Technology Retirement

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Economics of Technology Management

Technology Identification

Technology Evaluation

and Prototyping

Technology Portfolio

Management

Technology Retirement

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1x 2x 20x 5x

References

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The Information Technology Revolution. Tom Forester http://www.heattreattoday.com/2016/07/size-and-shape-of-the-us-

medical-device-industry/

New Product Development Process on High-Tech Innovation Life Cycle. Gonçalo G. Aleixo and Alexandra B. Tenera