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Technology is considered to be a determining factor which shapes the direction in society, business and nation. Today, technology has become an integral and essential part of businesses and organizations for developing efficiency, productivity and competitive advantage. Managing technology is a method of operation that leverages human resources, technology and other business assets by optimizing the relationships between the technology functions of the business enterprise.
The speed of development of new technology and processes necessitates a structured approach for managing technology in businesses. In technology management, strategic decisions related to technology are made taking integrated organization wide approach to meet business objectives. It also considers using technology in all processes to design a product or service, to manufacture a product or develop service, and make it available so as to increase profits, satisfy customers, increase business and stay competitive.
This book puts the light on Concepts of Technology Management, Strategy of Technology Management, Issues in Technology Management, Technology Forecasting, Assessment, Transfer, Diffusion and Absorption.
The continued viability of an organization requires the effective integration of technology for managing resources, activities and processes. Managing these components requires an understanding of the fundamental concepts and principles related to technology management in business. The book Technology Management in Business presents new ways to optimize and integrate technology in business processes to ensure growth and development.