Technology Management (Research Paper Sample)

Technology Management
Name
Institution
Technology Management
According to the Association of Technology, Management, and Applied Engineering, technology management is a technical field that is concerned with the instilling of the knowledge skills relevant for one to improve their expertise in computer applications, project, production, and operations management, quality control, statistics, safety and health issues, and general management principles. Today’s economy is becoming more and more knowledge- based. Modern technology has reformulated processes, services, products, business models, organizational forms, and industry structures, therefore, creating a need to comprehend the managerial implications of these technologies (The Association of Technology, Management, and Applied Engineering, n.d.). Consequently, this has seen the evolution of technology managers. The aim of this treatise is to explore what technology management entails and what educational qualifications technology managers ought to hold.
Technology managers are required to supervise personnel across various complex technological systems across the technical spectrum. It is important for one to hold the right management skills, especially in the technical sphere. Thus, by studying technology management, one is able to acquire knowledge to discover, develop, properly operate, and use technology (Drucker, 2011). For organizations to thrive successfully in the cutthroat environment of today’s knowledge-based economy, they require managers who can make informed and effective decisions. Thus, trainees in this field can employ the appropriate managerial skills to solve problems by using technology and ultimately creating value and enhancing the efficacy of their organizations.
A variety of typical concepts is used in technology management. These include technology strategy; technology road mapping involves mapping technologies to for market and business needs, technology forecasting, project, and technology portfolios (Drucker, 2011). Technology management is usually carried out at a national and enterprise levels. At the national level one, the principle objective is to ensure that organizations achieve strong technological competitiveness that is sustainable on a long-term basis in the global market. On the other hand, at the enterprise level degree, the principal objective is the gaining and maintaining of a strong position in the core technologies pertinent to organization’s product-market relationships that are crucial for it to sustain its competitive strategies , is the principal objective (Drucker, 2011).
In order to steer effectively their organization into the future, technology managers are supposed to be equipped with the relevant skill sets. Pursuing a Bachelor of Science degree in Technology Management is one of the fundamental prerequisites. This degree aims at providing students with the proper skills in technology development, leadership, and management skills. Graduates from this program are able to head and run globally competitive technology intensive organizations and employ the ever-progressing technical advancements and increased reliance on technology to ensure they remain aggressive in the market. Additionally, graduates qualify to pursue their postgraduate studies at this stage. Various institutions have different requireme...