Saturday, September 6, 2008

What is technology management and managing technology?

There seems to be some confusion in interpreting the two terms technology management and managing technology.

As I understand, technology management is an interdisciplinary field that integrates science, engineering and management knowledge and practice.

Managing technology implies managing the systems that enable the creation, acquisition and exploitation of technology. It involves assuming responsibility for creating, acquiring and spinning out technology to aid human endeavors and satisfy customers’ needs. Research, inventions and development are essential components in technology creation and the enhancement of technological progress.