This document discusses technology management. It defines technology as the application of science for industrial use. The four elements of technology are technique, knowledge, organization, and product. Technology is driven by innovation, stakeholders, customers, sponsors, and IT standards. There are different categories of technology such as black box, disembodied, embodied, generic, proprietary, and service technologies. Effective technology management leads to benefits like easier work, increased job satisfaction, higher profits, and a more competitive business. The relationship between business strategy and technology strategy is also covered.