This text provides informative, short introductions to the core concepts of Operations Management. This text contains more than 50 concept entries and is fully cross-referenced.An outstanding reference for Operations Management students at all levels.
Technology management is the set of managerial decisions through which certain technologies are adopted, revised, improved, and abandoned by managers in order to implement their process strategy.
An Overview of Technology Management
Technology management includes:
- Technology roadmapping: Analysts will identify which technologies a firm should invest in after having considered an exhaustive list of all the potential promising alternatives. Technology roadmaps are often [Page 110]prepared by industry associations or consortiums to identify in which areas of research and development firms should invest.
- Technology evaluation: This is the evaluation of technologies to determine if they are suitable given a firm's needs.
- Technology selection: This is the selection of the most suitable alternative amongst a set of feasible technologies. Technology selection is a managerial activity that involves: (1) strategic reflection, ...