MG445 Techno-Entrepreneurship

A study on aspects of technology with respect to those on business in enhancing entrepreneurship undertakings

Faces of Technology
The Good The Bad The Ugly

Management of Technology
Is a field of knowledge concerned with the setting and implementation of policies to deal with technological development and utilization, and the impact of technology on society, organizations, individuals and nature. It aims to stimulate innovation, create economic growth, and to foster responsible use of technology for the benefit of humankind (Khalil, 1993)

 How technology is created; How it can be exploited to create business opportunities; How to integrate technology strategy with business strategy; How to use technology to gain competitive advantage; How technology can improve the flexibility of manufacturing and service systems; How to structure organizations that embrace technological change; and When to enter and when to abandon technology

MOT Examines:

(MOT) is an interdisciplinary field

MOT
It integrates science, engineering, and management knowledge and practice.

THE INTERDISCIPLINARY NATURE of MOT

NATURAL SCIENCE
ENGINEERING

MOT
BUSINESS THEORY

SOCIAL SCIENCE

INDUSTRIAL PRACTICE

Science and Engineering Disciplines

Discipline-based Knowledge -Science Disciplines -Material Technology -Product Technology -Production/ Process Technology -Information Technology -Environmental Technology

MOT

Business Administration Disciplines

Strategic/Long-Term Issues Relating to Technology -Science and Technology Policy -Process of Technological Innovations -R&D Management -R&D Infrastructure and Technological change -Technological Entrepreneurship and New Ventures -Product/Process Life Cycles -Technological Forecasting &Planning -Technological Innovation & Planning -Intra-national Technology Transfer -International Technology Transfer and the Role of Multinational Corp. -Technological Risk analysis & Ass. -Technology & Economic Analysis -Technology & Human, Social & Cultural Issues

Discipline-based Knowledge -Accounting -Finance -Management -Marketing -Economics -Business Law -Political -Sociological studies -Humanities

Why MOT Now

The pace of change of technology continues to increase because of;
New technologies emerge and the dynamics of trade shifts; Management systems must also shift to cope with the change; Both shifts create a totally new paradigm for business a challenge for entrepreneurs

TECHNOLOGY
Technoware: Humanware: Inforware: Orgaware:
Object-embodied form of technology- machineries, tools, capital goods, physical objects, etc; People embodied form of technology- human capabilities, skills, specialized ideas, etc; Document-embodied form of technology- technical information, specifications, standards, forms of organized knowledge, etc; Institution of form of technologyday-to-day operations, social arrangements, etc.

TECHNOWARE

HUMANWARE

TECHNOLOGY

INFORWARE

ORGAWARE

TECHNOLOGY CLIMATE
(Community, Government, Private, and International Organizations etc.)

Appropriate Technology:
Objectives

Concept and Applications

Values

Surroundings
Population aspects; Resource aspects Economic aspects Technological aspects Environmental aspects Socio-cultural aspects Politico-legal aspects

Technology Assessment
Reactive Assessment is a reaction to currently
recognized problems. The objective is to alter the technology, if possible, to prevent further damage

Corrective Assessment involves tracing problems to their causes, and initiating research and development before it becomes severe. Anticipatory Assessment (technology forecasting) is concerned with anticipating the future problems, which would be posed by proposed technology

Technology Choice
is a problem of choosing from among a set of feasible technological alternatives, whereas, technology assessment provides the feasible alternatives where a choice can be made

Technology Transfer
Implies the movement of technology from one entity to another, and if the transfer is successful, a proper understanding and effective use of the technology by the receiving entity.

Greater Environment

Transferee Environment

TECHNOLOGY

TRANSFEROR
FEEDBACK

TRANSFEREE

Transferor Environment

Schematic representation of the technology transfer process for rural areas (Adapted: SCHLIE et al., 1987)

Transferor (T r)

Te

Tr

Te

Tr

Transferee (Te)

A chain of technology transfer between transferors and transferees