Posted: February 17th, 2022

Management of Technology

Management of Technology 

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Management of Technology 

Technology is the combination of skills, techniques, methods, and processes used in the production of goods or services in the achievement of objectives, such as scientific research. Technology is a field of study that focuses on processing activities, creating tools and equipment and availing necessary materials. Technology is a term widely used in different contexts and by different people. In modern society, technology is used to accomplish different tasks for faster production. Based on the application of technology in various societies, it can be defined as the mechanisms and products used to simplify life. Technology is useful in stretching the capability of society by ensuring that information communication and technology is properly integrated and human resource is competent for smooth operations. Human resource is part and parcel of technology for better results. Technology employs science to solve various problems in society. Nevertheless, technology and science are distinct disciplines that tend to complement each other in solving problems in society. Technology is applicable in the daily activities of a society, ranging from simple application to advance and more complex mechanisms. Technology is applied in various sectors of the economy, such as education, manufacturing, security, commercial activities, transport, and communication. Therefore, technology involves equipment, tools, and systems. 

Additionally, the word technology can also be used to refer to a collection of techniques. In this context, it is humanity’s current state of knowledge of how to combine resources to solve problems, produce desired products, satisfy wants, and fulfill needs. There are many types of technology, such as information communication technology. Information communication technology is a subset of technology that involves the transmission of information or data by technical means. Information communication and technology enable the transmission of information from one person to the other or from place to place. It involves using tools and equipment such as computers, phones, and other digital platforms. Information technology comprises hardware and software used in receiving, processing, transferring, and storing information in different forms. The other subset of technology is construction technology. Construction technology refers to the study of advanced mechanisms and the techniques applied in building basic and complex features. In addition, business technology is essential in managing commercial activities on online platforms. More consumers of a particular commodity can be reached through business technology, regardless of geographical barriers.    

Technology management can be viewed from many different perspectives. The two words of management and technology not only have many different meanings, but they also present additional sophistication due to the anthropological diversity. To many, management of technology means managing engineering and technology. To others, management of technology indicates managing knowledge and information, research and development, manufacturing and operation, engineering and scientists’ activities, or functional activities without concern for the total of activities that encompass the business concepts to commercialization process. The interrelated activities must be integrated into a technology system. A proper technological system in a company helps in the improvement of operations in a company. Management of technology means managing the system and managing the pieces, which involves integrating the pieces into an acceptable “whole” by focusing attention on the interdependence of the pieces. Management of technology is the hidden competitive advantage bridging the knowledge and practice gap between science, engineering, and business management. Management of technology integrates various disciplines such as science, management, and engineering in planning, developing, and implementing technological advancement. The integration helps in shaping and achieving the strategic goals and objectives of a company. 

Basically, technology management is about getting people and technologies working together to do what people are expecting, which is a collection of systematic methods for managing the process of applying knowledge to extend the human activities and produce defined products. Effective technology management synthesizes the best ideas from all sides: academic, practitioner, generalist, or technologist. It is argued that there are three major factors strategically in modern organizations that underpin the creation of competitive advantages. The first of these is strategic leadership. Effective leadership ensures that the enterprise will develop itself in the right direction and the production of the product will meet the demand of the market. The second factor is having a staff with motivation and empowerment. They are the driving forces of the organization. The third factor is the proper management of technology. It is important that the company’s technology be appropriately and properly managed so as to achieve effective and competitive status. Leadership and motivation of employees have been widely recognized as success factors. There have been significant additions to theories and practices regarding improvement in the management of people. Therefore, strategically, the remaining battlefield being competitive depends on the proper management of technology.

The research agenda of the topic of technology management will be focused on the execution of the major information in the field of technology management. Technology is a vital asset and capability in the growth and development of various sectors of the economy. The management of technology is meant to ensure proper integration of information communication and technology in the various sectors of the economy. Technology is an integral part of various disciplines. It thus has a serious impact on the management of these disciplines. According to the available literature materials, technology management can be done in many ways. Technology management is applicable both in learning institutions and the general economy. In the learning institutions, business schools have research activities in their academic programs. Such learning institutions embrace information communication and technology in their programs to enhance the essential contributions in the academic programs. Generally, technology management is part and parcel of various academic disciplines such as accounting, finance, marketing, operations management, and human resource management. Again, technology management is essential in the practice of these careers in the economy. Different sectors of the economy can be improved through the integration of technology in the operations. 

Technology management can be studied through various perspectives. The application of information communication and technology in learning institutions and the real-life situations vary from one society to the other. Technology management, in most cases, involves the management of engineering and technology. The research paper is engaging on the breadth of managing technology in terms of research, operations, and various activities of engineering. All these activities are related on the basis of a technology system. Technology management effectively integrates the various units within the learning institutions and operations of various companies and organizations. Proper management of technology integrates engineering, science, and business management for the success of various premises. By integrating these building blocks together, the company or organization is able to achieve a competitive advantage ahead of similar producers. More knowledge is availed through technology management in the shaping of engineering, science, and business management. The knowledge helps in the implementation of strategic and operational activities and the achievement of the set goals and objectives. Technology management involves using human resources to enhance the maximum application of information communication technology in the operations of human activities. 

The research paper has different perspectives in studying technology development. The technology management in this perspective involves the integration and application of information communication technology to enhance better operations of companies and organizations. Proper use of information communication and technology will enhance the efficient functions of the company or organization. Companies and organizations make use of technology for better production. In this perspective, technology is perceived as a great resource that impacts the functionality of the company. In the company operations system, there are producers and consumers of technology in the achievement of set goals and objectives. Technology management assumes that effective management of a company or organization helps in effective integration and use of technology. Technology is an important input in the operation of an organization. In addition, the technology management in an organization shapes the operational procedures, strategic vision, and methodology for smooth operations. Most companies have the objective to align with information communication and technology for better performance in attaining the company targets. The staff of companies and organizations are trained to create, integrate and use information communication and technology.   

The management of a company is responsible for ensuring that an effective decision-making process is followed. The use of technology in the organization is useful in the strategic planning of a company. Technology management is becoming a global discipline as the integration of information communication and technology increases in companies and organizations. Technology management is targeting to tackle the functions of management in various units. The company management also has units of analysis for studying the integration and use of information communication and technology in management and operations. The other perspective of technology management is the systemic approach which is derived from the vision of technology in the management science and practice. In this regard, technology management is viewed as the engine of all the dimensions and practices in the company. The role of information communication and technology in the management of a company cannot be underestimated. There is a strong link between modern technology and the other subsets of the company system. The integration and use of information communication and technology in the operations of a company are greatly related to the functions such as marketing, management, information systems, operations, and the business law.

Technology management has evolved from the traditional approach to the modern approach. The development of the research agenda has developed gradually according to the existing literature materials. In the traditional approach, each element in the company or organization is performed independently. The traditional approach considers the subsets of the organization as independent entities that can operate on their own. With more study and research in the field of technology management, a modern approach came up through the systemic approach. In the systemic approach, the individual entities and departments in an institution are considered interdependent. There is interdependence among the individual entities and departments, yielding a system for smooth operations. Technology management has evolved to a level where it enhances the integration of subsets in the company or organization to achieve a common goal. Again, the systematic approach is also based on the positive and negative impact of integrating and using information communication and technology in the operations of a company or organization. Technology management affects the functions of the entire system of management and operations. For effective integration, compatible and coherent tools of management are employed for specific techniques. Each discipline requires certain techniques and management of technology for operations.   

The development of research in technology management has evolved in various ways. The path integrating information communication and technology in marketing, accounting, operations, and human resource management is core in technology management. Based on the previous academic work, there is still another path that can be followed for research in the future. The managers can manage technology from the point of technology producer. As the producer of technology, the manager will understand the path taken to develop and integrate the information communication and technology in the management and operations of the company. Every management practice must recognize the contingent factors in management, such as the industrial factors. The more information communication and technology is integrated and used in a company, the more the company becomes more technology-based. A high level of technology in a company increases the production and eventually results in increased profitability of the company. In this aspect, the company will employ more technical professionals to operate the technological aspect of the company and increase the productivity and profitability of the company. Technology can also be managed as a resource. As a resource, the introduction of modern technology to a company is considered useful for the production of goods and services. 

The research agenda mainly focuses on the technology management in the learning institutions, organizations, and companies. In the operations of companies, technology management is viewed as the central unit in integrating the department and units for systemic operations. Proper integration and use of information communication and technology in the company operations of a company. Technology management in the past has led to a competitive advantage. Companies with a high level of technology enjoy a high level of competitive advantage among their competitors. For instance, they have higher productivity, higher quality products and services, timely production, and flexibility amidst the changing environmental factors. In this regard, technology management remains central in the management and operations of organizations and companies. Technology management affects the global environmental factors in terms of connectivity, and this has a direct and indirect impact on the operations and management of industries. The introduction of information communication and technology in the production programs will most likely increase the productivity and profitability of the organization or company. 

Basically, technology management is all about getting people and technology to work together. No technology can be integrated successfully without competent human resources. The productivity and the profitability of a company are the main indicators of the impact of technology management in a company. Information communication and technology can either increase the productivity and profitability or result in a decline if not well integrated. The management must ensure that information communication and technology are integrated alongside skilled human resources for its operations. Integration of modern technology without skilled human resources can cause more harm than good to an organization or company. Technology management is best achieved when adequate and competent human resources are needed to handle it. In this regard, the role of human resources in the management and operations of a company cannot be underestimated. Human resource is central to the success of a technology management program. Information communication and technology can fail at any time. Even with a backup system, information communication and technology require human resources to operate effectively. Based on this fact, the paper is focused on the integration of information communication and technology with human resources, not replacement. Human labor cannot be fully replaced with the modern technology. With this viewpoint, technology management becomes easier and more productive. 

There are a number of lessons that can be learned in the technology management. Technology is very essential in this 21st century where everyone is going digital. The role of technology is very vital in increasing the production of goods and services in a company. Technology management integrates human resources with information communication and technology in the management and operation of companies and organizations. The limitation of technology management is that it can be of no use if there is no adequate and competent human resource to handle it. Technology is essential in the management and operations of the company. Nevertheless, technology can render some employees jobless and limit the utilization of human labor in an organization or company. Again, incompetent human resource can lead to low production even if information communication and technology is integrated into the management and operations of the company. There is still an opportunity for future research to be conducted in technology management to boost the integration of information communication and technology in the learning institutions, companies and organizations. More focus can be based on the integration aspect rather than replacement. With effective integration of information communication and technology in the management and operations of companies, more benefits of technology management will be realized. 

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