Introduction to Technology Management
Punit Namdeo, Musheer Ahmed Ansarie and Ashutosh Bhatnagar*
Institute of Technology-Management, DRDO, Ministry of Defence, Mussoorie, Uttrarakhand, India
- *Corresponding Author:
- Bhatnagar A
Institute of Technology-Management
DRDO, Ministry of Defence
E-mail: [email protected]
Received date: July 28, 2015; Accepted date: July 02, 2016; Published date: July 08, 2016
Citation: Namdeo P, Ansarie MA, Bhatnagar A (2016) Introduction to Technology Management. Ind Eng Manage 5:195. doi: 10.4172/2169-0316.1000195
Copyright: © 2016 Namdeo P, et al. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
Management of Technology is interdisciplinary fields that integrate science, engineering and management knowledge also with practice. Technology Management is set of management disciplines that allow organizations to manage their technological fundamentals to create competitive advantage. The main focus on technology part for manager is to create wealth. Technology management requires deep understanding of life cycles of technology, product, process and system. Technology management is also a tool to catalyze R&D. By providing R&D team in R&D organization to an increased extent, it can generate more science from existing science and more technology from existing technology. Technology management involve technological tool for national defense, national development and economic growth by resolving to make country a self-reliant, strong and technology developed country. Technology management involving those features can therefore act as a catalyst in propelling R&D programmed to achieve faster rates of technological growth.