Chapter 1 - Introduction to Technology Management(1).pdf
- 2. Learning Objectives After the completion of this course the student will be able to: ➢ Analyze the importance of technology for an organization ➢ Analyze the evolution of technology in apparel ➢ Analyze parameters influencing in identification, selection and managing different levels of Technology ➢ Analyze technology specifications development in apparel industry ➢ Analyze the system of develop a technology index for an organization ➢ Identification and selection of technology ➢ Develop a technology index for an organization ➢ Identify various level of technological advancement in apparel production ➢ Appreciate the role of technology for the development of apparel industry ➢ Value the advancement of technologies in apparel production process.
- 3. Contents - Chapters • Introduction to Technology Management • Evolution of Apparel Manufacturing Technology • Identification and Selection of Technology • Technology in Apparel Designing • Technology in Spreading and cutting Process • Technology in Sewing • Technology in Apparel Finishing • Technology Specifications
- 4. Required Text and Reference • R. Rathinamoorthy and R. Surjit, “Apparel Machinery and Equipment’s”, Woodhead Publishing India Pvt. Ltd., 2015. • T. Karthik, P. Ganesan, D., Gopalakrishnan ”Apparel Manufacturing Technology”, 2017 by Taylor & Francis Group, LLC • Gordana Colovic, “Management of Technology Systems in Garment Industry”, Woodhead Publishing India Pvt. Ltd., 2011 • Chris Floyd, “Managing Technology for Corporate Success” Gower Publishing, 1997
- 5. Assesment Mid semester Exam 20% Final semester Exam 40% Group assignment 15% Individual Assignment 10% Group Project 15%
- 6. Chapter: 1 Introduction to Technology Management
- 7. Chapter Outline • Introduction • Constituents of a Technology • Evolution by Age of Technology • Why Technology Matters? • What is technology management? • Concern of Technology Management • Classification of Technology
- 8. 8 TECHNOLOGY IS; A GAME FOR THE RICH A DREAM FOR THE POOR BUT, A KEY FOR THE WISE NAWAZ SHARIF
- 9. Introduction • Over the past decade, executives have become increasingly aware of the importance of technology and innovation as a means for competitive advantage. • However, knowing that technology is important and knowing what to do about it are two very different things. • Corporate executives therefore face a difficult task in setting technology' priorities, allocating resources and producing a supportive culture across business unit and divisional boundaries.
- 10. Introduction - Cont--- • Technology is the practical application of scientific or engineering knowledge to the conception, development or application of products or offerings, processes or operations. • In the operations management the most complete definition is that technology includes methods, means of work, production procedures, implementation by the user, as well as social relations, creative talent and sense for organization and management of knowledge in the direction of its useful application.
- 11. Definitions of Technology (Zeleny (1986) Technology Hardware Brainware software The reason for using the technology. May also refer to ‘know-why. Physical structure used to carry out the required tasks. The learned or acquired knowledge of how to do things well The knowledge of how to use hardware in order to carry out the required tasks.
- 12. Constituents of a Technology
- 13. Evolution by Age of Technology Biotech. Age Information Age Space Age Electronic Age Nuclear Age Electricity Age Steam Age Iron Age Bronze Age Stone Age
- 14. Why Technology Matters? Technology helps an organization in • Differentiating products • Reducing costs • Providing new business opportunities • Making the right decisions • Create wealth • Better Customer Satisfaction • Easier to Manage Resources • Raising standard of living and quality of life • Make faster growth of Nation and world
- 15. What is technology management? • Technology management is a set of management disciplines that allows organizations to manage its technological fundamentals to create competitive advantage. • It is very important for an organization to manage its technology strategically because when it is not well managed, it might result into a big loss in the organization.
- 16. • Technology management aims at maximizing the cost effectiveness of investments in technology development which contributes to the value of an organization. • If an organization fails to plan for its technology it might encounter issues like data loss or misuse of that technology by its employees. • But if the organization creates a frame work and plans for its technology, its output will increase. What is technology management? - Cont---
- 17. 17 • Management of technology, innovation and information have also emerged as key requirements for success in the 21st century enterprise. • Thus, proper management of technological change, particularly at the productive enterprise level, has become the most important consideration for development. What is technology management? - Cont---
- 18. Concern of Technology Management • Technology management is the answer for development of nation and growth of its economy. Therefore, it is worth-while to frame technological objectives in chosen areas by comparing ourselves with the technological progress registered by fast growing countries . • Technology is moving so quickly today that experts are concerned over the potential for misuse of technology that many of us have not even implemented directly as yet. • More businesses than ever before are totally and thoroughly dependent on the implementation and use of technology for their success.
- 19. • Today’s technology management has to worry about how, where and why (and IF) to deploy cloud computing, artificial intelligence, Internet of Things (IOT), Big Data, blockchain, and other buzzword concepts. • Each new technology is seen as that next big thing — that tremendous paradigm shift — that will be a “game changer” for the industry or the market at large. Concern of Technology Management - Cont---
- 20. • In technology management, little things count • We routinely hear about the big technology decisions that organizations make, but behind the scenes, there are other key elements that are not discussed, but much more important to success: – Alignment with the business vision / goals / plans. – Supported strategy for how to purchase, deploy, and maintain technology. – A reasonable, transparent governance model. – Encouraging a culture of planning, testing, and training. – Excellent communication across the organization. Concern of Technology Management - Cont---
- 21. Machines Doing the right things Concern of Technology Management - Cont--- TWO PERFORMANCE DIMENSIONS Efficiency= making best use of resources in achieving goals Effectiveness= choosing effective goals and achieving them Doing things right
- 22. Classification of Technology New tech Emerging tech High tech Low tech Medium tech Appropriate tech
- 23. 23 Classification of Technology New Technology • Any newly introduced or implemented technology that has an explicit impact on the way a company produces products or provides services. • The technology could be around for many years, but if it is newly introduced into an organization, it is considered a new technology. • Has profound effect on improving productivity and maintaining competitive business enterprise. • Examples? : Lectra CAD replacing manual Pattern Making
- 24. Classification of Technology Emerging Technology • Any technology that is not yet fully commercialized but will become so within about 5 years. • It may be currently in limited use but is expected to evolve significantly. • Create new industries and may make existing ones obsolete. • Examples?: Nanotechnology, Genetic engineering, etc
- 25. 25 Classification of Technology High Technology • Refers to the advances or sophisticated technologies. • Utilized by a wide variety of industries having certain characteristics. • High tech companies: – Employs highly educated people – Technology is changing at a faster rate – Competes with technological innovation – High levels of R & D expense Examples ?
- 26. Classification of Technology Low Technology • Refers to the technologies that have saturated large segments of human society. • Low technology companies: – Employs people with relatively low level of education – Uses manual/semi automated operation – Low R & D expense – Technology base used is stable with little change – Products to satisfy basic human needs Examples ?
- 27. 27 Classification of Technology Medium Technology • A wide set of technologies that fall between high and low technologies • Usually refer to mature technologies that are more amendable than others to technology transfer • Examples : Automotive industries
- 28. Appropriate Technology • Technology that is balanced between the level of technology utilized and the resources required for its optimal use. • The technology could be at any level – low, medium or high. • Results in better use of labor resources and better production efficiency.