Technology management is one of the most sought-after courses which can be attained by students of any stream. It is a set of management disciplines that allow organizations to manage technological fundamentals to create competitive advantage. The DRDO is an agency of the government of India charged with the military’s research and development headquartered in New Delhi. It was formed in 1958 by the merger of the technical development establishment and the directorate of the technical development and production with the defense science organization. It is under the control of the ministry of defense, Government of India. The program was embarked on 24th of January by Officer In charge Of MBA Prof. M.L.S. DEVA KUMAR, Faculty In Charge of JAMSA Dr. P. JAYA RAMI REDDY and Faculty along with the chief guests DR.N. KISHORE NATH & Prof. C. SHASHIDHAR .
Management of Technology is interdisciplinary fields that integrate science, engineering, and management knowledge with practice. The main motive of managers is to create wealth using technology.
Technology management requires a 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.
A management student should be a hybrid piece of both management as well as technology. Technology has important effects on business operations. Regardless of size of the enterprise, technology has both tangible and intangible benefits that will help you make money and produce the results your customers demand.
Technology infrastructure affects the culture, efficiency and relationships of a business. It also affects the security of confidential information and trade advantage.
The first and foremost technology that affects a firm’s ability is communication with a customer. In today’s business environment it is necessary for employees to interact with clients. Websites allow customers to find answers to their questions after hours. Fast shipment options allow businesses to move products over a large geographical area. Customers use towards technology to interact, benefits better communication which in turn creates a strong public image. Technology also helps a business understand its cash flow needs and preserve precious resources such as time and physical space.