Assignment

Roll no. 4637

Name: Danyal
Ahmed
BSIT 6th Semester
Morning

SUBMITTED To: MAM IQRA.

Technology Definitions:
Technology is a Greek word derived from the synthesis of two words: techne (meaning
art) and logos (meaning logic or science).
1. Technology is the collection of techniques, skills, methods and processes used in
the production of goods or services or in the accomplishment of objectives, such
as scientific investigation.
2. Technology is all the knowledge, product, process, tools, methods and system
employed in the creation of goods or in providing services.
3. Technology is the integral body of technical and organizational (software) and
tools (hardware) used in the production of goods and services.
I. Hard technology is technology that is embodied in machinery and
equipment
II. Soft technology is the know-how and information that is disembodied
from hard technology

Management Definitions:
1. Management's primary function is to get people to work together for the
attainment of an organization's goals and objectives.
2. Management is the process of reaching organizational goals by working with and
through people and other organizational resources.

Introduction of Technology management:

Technology management is set of management disciplines that allows organizations
to manage their technological fundamentals to create competitive advantage.

The role of the technology management function in an organization is to understand the

value of certain technology for the organization. Continuous development of technology
is valuable as long as there is a value for the customer and therefore the technology
management function in an organization should be able to argue when to invest on
technology development and when to withdraw.
Technology management involves the application of management skills to the discovery,
development, operation, and proper use of technology. Technology managers help
create value for their organization by using technology and other resources to solve
problems and improve efficiency and effectiveness. In short, twenty-first century
technology managers help ensure that technology creates a better future for all.
In the ancient times, technology was more than gadgets; it was mostly about the
craftsmen passing their know-how, the art of doing things from generation to generation,
and improving and innovating along the way.

Today, technology is more vital than ever to firms global competitiveness. Yet,
technology is inherently difficult to manage with its constantly changing and
unpredictable nature. As a result, the field of Management of Technology has emerged
to help aid the technology managers through this complex maze by giving them the
tools, processes, and the know-how they need to bring high-tech products to the
marketplace.
Technology management is a demanding and a rewarding job, as it requires the right
balance of generalization and specialization, business and technology, big picture
thinking and minding the details, as well as hard and soft skills.

Technology Management Concept:

Integrated Planning
Design
Optimization
Operation and Control of technological products, processes and services

Examples of Technologies:
Cars
Cell Phones
Camera
Bluetooth
Apple
Phones
Fax
Flash Drives
Multimedia Players
Earphones
Scanner
Printers
Tablets
Computers
Laptops

Technology Portfolio (Passenger car):

Steel Making
Metal Body forming
Electrical Engineering
Electronic Engineering
Rubber & Plastic
Paint
Metal Cutting & welding
Mechanical

Glass and etc.

Advantages of Technology in the Workplace:

Improves communication
Encourages Innovation and Creativity
Improves on Human Resource Management
Increases production and saves time
Improves communication through communication technology
Improves data storage and file management

Disadvantages of Technology in the Workplace:

Causes Distraction at Work

High Maintenance costs OR Implementation Expenses
Makes employees lazy
Job Elimination
Security Breaches

Conclusion:
Advances in IT are producing many changes in our society. These changes have
produced many benefits, but they have also raised several concerns. Innovations in IT
have created new jobs, promoted the growth of new markets, and increased
international trade and investment.
However, the expansion of IT also introduces costs. Workers in certain sectors of the
economy lose their jobs as innovations in IT create a greater demand for high-tech
workers and introduce efficiencies that make jobs obsolete. Another negative
consequence of the IT revolution is the inequitable distribution of access to IT, called the
digital divide.
If the new technologies are to fulfill their promise, these costs and concerns will need to
be addressed. Experience with previous technologies suggests that prudent policies
can help us effectively manage the risks associated with new technologies without harm
to their benefits. Experience also suggests that the required policies must be developed
through close consultation between government and private sector experts and
stakeholders.

References:
https://binnur.wordpress.com/2013/02/11/technology-management-intro/
http://www.useoftechnology.com/
https://en.wikipedia.org/wiki/Technology_management
http://www.globalization101.org/conclusion-8/

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