This updated, second edition of Management of Technology and Innovation: Competing Through Technological Excellence offers an understanding of the management of technology and innovation, not in isolation, but as a dynamic integrated system connected to organizational culture, knowledge management and value creation.This book will be an invaluable resource for management students and teachers studying the theory and practice of technology management.

Strategic Management of Technology

Strategic management of technology

As elucidated in the preceding chapter, technology and its management cannot be narrowly viewed in terms of machines, equipment, and processes. Manufacturing technology may be seen to comprise five interconnected and interdependent facets. Each of these facets needs to be cognized explicitly, both individually and in terms of its multilateral linkages with others, for the purpose of managing technology effectively. These facets are:

  • Production Processes. This includes design and layout of production facilities; type and mix of machines and equipment; flow of information, materials and people; elements of automation; computer systems hardware; monitoring, control, maintenance, and simulation of operations and facilities.
  • Product and Process Design. This is related to the design of products including materials, parts, components, and features on ...
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