Management of Technology report Essay Example | Topics and Well Written Essays - 4000 words - 1

Management of Technology report - Essay Example Most companies will always need to keenly evaluate any technological product before actually accepting to use it. This arises because most of these products are always expensive and the risk creates the need to effectively evaluate the products before accepting to purchase or use them. In the introduction of a new product based on a new technology in a risk-averse market, the sales department must drastically change to suite the situation. The sales people will shift from taking orders to building relationships with the potential clients and becoming educators and coaches. They must keenly understand all the risks involved and work towards mitigating such risks. They must recognize that clients are always scared of change and must therefore be totally convinced on the importance of the new product. It is further important to share as much research as possible about the industry with the clients in order to give them your own perspective on why they need to adopt the new product. Indeed, technology has a rage of definitions all of which highlight a number of factors about its characteristics. In a way, technology is basically a type of knowledge which is usually embodied in a physical artifact such as a component, machine or a system. The difference between this knowledge and the general knowledge is the act that technology is applied and therefore focuses on know-how. Technology is usually associated with science and engineering. To enhance its effective application within a system, technology must be understood in the context of new product development and innovation. More importantly, it should be considered with respect to factors like organizational development and structures and knowledge networks. While technology can be very helpful for an organization, a failure to manage it properly can always be detrimental to the very organization. In this respect, it must be understood that managing technology involves both explicit and tacit knowledge.