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Showing posts with label technology planning. Show all posts
Showing posts with label technology planning. Show all posts

Tuesday, December 1, 2015

TECHNOLOGY POLICY AND PLANNING

TECHNOLOGY POLICY AND POLICY INSTRUMENTS

The need for technology policy springs from an explicit commitment to a national goal and the acceptance of technology as an important strategic variable in the development process. Technology policy formulation ought to naturally follow the establishment of a development vision or perspective plan. This plan is characterized, among others, by a desired mix of the goods to be produced and services to be provided in the country in the coming one or two decades. The formulation of a technology policy begins with the establishment of a vision for the country and the corresponding scenario of the mix of goods and services to be produced and provided. The policy framework has to be broad and flexible enough, taking into account the dynamics of change.

A technology policy is a comprehensive statement by the highest policy making body (Cabinet/ Parliament) in the Government to guide, promote and regulate the generation, acquisition, development and deployment of technology and science in solving national problems or achieving national objectives set forth in the development vision or perspective plan.


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Tuesday, January 25, 2011

Technology in Business Strategy

Role of technology in designing the business strategies of a firm ? discuss how technology has become an integral part of business unit ?

Ans : The word ‘technology’ comes from two Greek words – ‘techne’- the skill or craft needed to make something and ‘logos’ (discussion or knowledge of something). So technology means knowledge of how something is made.

Technology seems to be the most widely today in industrial world and several words or nomenclatures connected with technology are in vogue. These includes Research & Development, invention, technology development, technology strategies, technology forecast technology assessment, technology planning, technology information, technology transfer, technology absorption and adaptation, Industrial property systems, code of conduct and technology management. It is difficult to find so exact definition for technology, for it has been defined in many ways.

One definition identifies ‘technology’ as an application of knowledge that leads to production and marketing of goods and services. According to Betz, Technology develops business by providing technological knowledge for the goods and services that a firm produces. Technology innovation implies new technology creating new products and services – hence new business opportunity. Managing technology means using new technology to create a competitive advantages which is quite a difficult Job; partly due to differing cultures in a company.

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