Everything related to technological management is still in the process of being defined due to recent reflections on the subject, the constant changes in the rules, models, values, procedures and institutions required to configure the new general logic of business management in the context of the new techno-economic paradigm. The complexity and speed of the changes that are taking place, the intensive use of knowledge, technology and innovation as dominant factors responsible for the success of companies in the new business environment, demand new management practices.
This need for an intentional and systematic search for the development of innovations supported by technology, at the rate imposed by the speed of knowledge and market changes, is promoting technology management as the most important function in business management, as it is the responsible for managing the key resource for competitiveness.
In general terms, the concepts of management, administration and management are synonymous despite great efforts and discussions to differentiate them. In practice, the term management translated as administration but also as management is observed. And in classical books they are taken as synonyms. The essence of this concept – administration, management, and management – is that all three refer to “a process of planning, organizing, directing, evaluating and controlling” as suggested at the beginning of the course of “Diploma pengurusan pejabat“.
Technological management is the discipline in which knowledge of engineering, science and administration in order to carry out the planning, development and implementation of technological solutions that contribute to the achievement of the strategic and technical objectives of an organization. The objective of technology management is not limited to the company being able to apply technology successfully on some occasions, but rather seeks to establish a heightened awareness of the need to continuously manage applied technology.
Technology management is knowledge and it is practical. It is a system of knowledge and practices related to the processes of creation, development, transfer and use of technology.
The concurrence of opportunities presented by technological availability and the best management practices in the field of strategy, allow organizations to obtain results, which until recently could be seen as utopian. Knowledge and technology are available to all organizations, in reality what is needed is the will to dare to change
In essence, what helps a company to compete better is not the technology itself, but the ability to manage it for the benefit of the business against competitors and in harmony with the rest of its strategic functions.
Managing IT requires a parallel planning process that is in turn part of the organization’s strategic, tactical, and operational planning.
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