management of technology
INTRODUCTION
Technology Management is set of management a discipline that allows organizations to manage its technological fundamentals to create competitive advantage. The focus is on technology as the primary factor in wealth creation, involves more than just money, enhancement of knowledge, effective exploitation of resources, preservation of natural environment and other factors that may contribute to raising standard of living and quality of life. Also involves assuming responsibilities for creating, acquiring and spinning out technology to aid human endeavors and satisfying customer needs.
In the past, the value of a company was assessed largely on the basis of its capital and physical asset such as land, buildings, equipment, and inventory. Today, the real value of a company is much more that a value of it physically asset or its simple accounting net worth. Technology adds value to the assets of the company, the technology resides in the company’s people and its technological systems.
The technologies that exist in a business are the technological assets of that business.
These assets may therefore include hardware, software, brainware, and know-how. They constitute the collective knowledge and technically capabilities of the organization, including its people, equipment and systems.
Goodway Integrated Industries bhd is a company that used the technology management in his way of management and business, a company that is heavily involved in rubber products industry, its business is catered to the tyre retreading business while the balance is technical rubber compounds used for items such as automotive parts and high-pressured hydraulic hoses for aircraft.
Technically, Technology management is played a key role to successful and important part in this challenges and competitive world, because it provides all the criteria and technological fundamentals that today fast forward world needs, in orders to improves the products and capability
Technology Management is set of management a discipline that allows organizations to manage its technological fundamentals to create competitive advantage. The focus is on technology as the primary factor in wealth creation, involves more than just money, enhancement of knowledge, effective exploitation of resources, preservation of natural environment and other factors that may contribute to raising standard of living and quality of life. Also involves assuming responsibilities for creating, acquiring and spinning out technology to aid human endeavors and satisfying customer needs.
In the past, the value of a company was assessed largely on the basis of its capital and physical asset such as land, buildings, equipment, and inventory. Today, the real value of a company is much more that a value of it physically asset or its simple accounting net worth. Technology adds value to the assets of the company, the technology resides in the company’s people and its technological systems.
The technologies that exist in a business are the technological assets of that business.
These assets may therefore include hardware, software, brainware, and know-how. They constitute the collective knowledge and technically capabilities of the organization, including its people, equipment and systems.
Goodway Integrated Industries bhd is a company that used the technology management in his way of management and business, a company that is heavily involved in rubber products industry, its business is catered to the tyre retreading business while the balance is technical rubber compounds used for items such as automotive parts and high-pressured hydraulic hoses for aircraft.
Technically, Technology management is played a key role to successful and important part in this challenges and competitive world, because it provides all the criteria and technological fundamentals that today fast forward world needs, in orders to improves the products and capability
References: Stephen P. Robbin, David A. deCenzo, Mary Coulter, Fundamental of Management Seventh Edition (1998) Pearson Tarek M.Khalil, Management Of Technology, University of Miami Parag Diwan, Total Quality Management (1999) Golden book Centre Sdn. Bhd Norman B. Reilly Quality, What makes it happen? (1994) Van Nostrand Reinhold, New York http://www.goodwayrubber.com/productsservices/?expandable=10 http://en.wikipedia.org/wiki/Joint-venture file:///C:/Documents%20and%20Settings/User/Desktop/meq/mot/Goodway%20eyes%20China%20expansion.htm