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.
Technology absorption refers to the acquisition, development, assimilation, and utilization of technological knowledge and capability by a firm from an external source. The transaction occurs between transferring and receiving organizations. The process of transfer may be seen to be characterized by two dimensions:
- The first dimension is concerned with the problem of acquiring and absorbing information about physical phenomena, equipment, machines, analytical concepts, framework, operating techniques, and so on, associated with a technology. Technology is a closely linked system. This system spans the spectrum from creating new knowledge to servicing a product after it is sold. It includes the invention and development of products, the processes needed for their manufacture or delivery to customers, and the information processing inherent not only in ...