Technology Management is a set of management disciplines that allows organizations to manage their technological fundamentals to create competitive advantage. Typical concepts used in technology management are:
- Technology strategy
- Technology scouting
- Technology roadmapping
Investment in technology is valuable as long as there is a value for the customer and therefore it becomes a strategic decision when it is convenient to invest on technology development and when to withdraw.
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Technology Scouting is made of 3 main steps:
- identifying emerging technologies
- channeling technology related information into the organization, and
- supporting the acquisition of technologies
Technology Scouting is seen as an essential element of a modern technology management system.
The technology scout is either an employee of the company or an external consultant with the following characteristics:
- lateral thinker
- knowledgeable in science and technology
- cross-disciplinary orientated
- imaginative personality
How to perform Technology Scouting in an effective way?
A technology roadmap is a planning technique to support strategic and long-range planning, by matching short-term and long-term goals with specific technology solutions. Roadmapping techniques help companies to plan in a more holistic way to include non-financial goals and drive towards a more sustainable development.
Developing a Technology Roadmap has four major uses:
- it helps reach a consensus about a set of needs and the technologies required to satisfy those needs
- it provides a mechanism to help forecast technology developments
- it provides a framework to help plan and coordinate technology developments
- it may be used as an analysis tool to map the development and emergence from new industries
How to develop a proper Technology Roadmap?
Technology Strategy consists of the definition of objectives, principles and tactics relating to use of technologies within a particular organization. The strategy implies the following activities:
- interpreting competition as a major driver for technological progress
- examining the modeling of technological competition to help inform a company’s technology and pricing strategy
- defining the role of technology in the innovation strategy framework of the organization
How to define an effective Technology Strategy?
Technology Management Masterclass
- Main principles and definitions of technology
- Brief History
- Fundamentals of the Object Process Methodology
- Technological Management Framework
- Define, construct, and use Figures of Merit to quantify technology and trace its progress over time
- Observe and understand technology trajectories to predict future rates of progression
- Describe and compare different models to quantify technology progression (S-Curves, Moore’s Law. and the Pareto Shift Model)
- Fundamentals of Patents and Intellectual Property
- Analyze recent trends in Intellectual Property Management
- Examine other forms of protection such as trade secrets
- Implement a proper Intellectual Property Strategy
- Important concepts in technology adoption and diffusion, including
innovators, early adopters, and late adopters
- Causes of the disruption of existing markets or value chains
- Comparison of disruptive innovations and technological innovations
- Channels to scout technologies
- Freedom to operate analysis
- Technology selection methods
- Maturity Level models
- Definition, main purpose and different versions of technology roadmaps
- Observe how other organizations (specifically NASA) have used roadmaps
and acquaint yourself with Advanced Technology Roadmap Architecture (ATRA)
- Interpret competition as a major driver for technological progress
- Examine the modeling of technological competition to help inform a company’s technology and pricing strategy
- Industry Standards and Technological Competition