Common Principles and Practices Used to Successfully Manage the 21st Century

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Submitted By nanduri2kalyan
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Common Principles and Practices Used to Successfully Manage the 21st Century
Technology-Intensive Organization. VIJENDRA KALYAN CHAKRAVARTHI NANDURI CWID: 50116137 Assignment #1 TMGT 599 01W Management of Technology in Organizations Presented to: Dr. Jerry D. Parish, Professor of Technology Management October 8

Abstract

Effective use of Technology provides a competitive edge. Technology is a means, not an end.
People are the most important resources. Most projects fail due to poor management. The lessons learned from the traditional business management practices and principles which lead for the today’s technology – intensive organizations are * Imbalance between technology generation and technology diffusion in the Industries * Requirements of international facility location and technology transfer * Technology will be useful only when it is used. * More emphasis needs to be placed on adoption, adaptation, and exploitation of technology.
Technology refers to the theoretical and practical knowledge, skills, and artifacts that can be used to develop products and services as well as their production and delivery systems. A process, technique, or methodology embodied in a product design or in a manufacturing or service process which transforms inputs of labor, capital, information, material, and energy into outputs of greater value. Most importantly it is Basic science versus applied science.
The main goal of these technology management is To make something new. It is a process of turning opportunity into new…...

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