Management of Technology: The Drivers of Technological Change in the Twenty-First Century

Article excerpt

Management of Technology: The Drivers Of Technological Change in the Twenty-First Century; Tarek M. Khalid; University of Miami, Coral Gables, Florida; 26 pp.

This report of a February 2000 workshop on management of technology, sponsored by the National Science Foundation, summarizes the comments of a group of MOT experts who were convened to discuss the findings of a 1998 University of Miami/NSF report, "Management of Technology: Future Directions and Needs for the New Century." Participants felt that, although significant progress in MOT has occurred in the last decade, previous issues discussed in the literature are still pertinent and the following set of emerging issues must be addressed.

* The MOT community must clarify the goal of its effort: using and improving technology for the purpose of creating wealth. Wealth is usually defined in terms of monetary value but in MOT it is expanded to include the well-being of government and non-profit organizations, sustainable development and better quality of life.

* It is necessary to define the target audience for MOT education and knowledge dissemination. The stakeholders include managers, engineers, public policy planners, finance, marketing, information and communications people, as well as the public at large.

* Emphasis should be put on the context in which business is operating in the new century.

* The relentless pace of technological change makes management tasks overwhelming.

* Organizations must embrace innovation as a means to create wealth and maintain competitiveness. This is no longer a matter of choice but of survival in the global marketplace.

* Managers need to be equipped with the knowledge, tools and methods that can help them manage in a dynamic and turbulent environment of changing technology and global competition. Management of Technology is itself a technology--a set of tools to get results for the organization.

* Many traditional notions, tools and existing management practices should be challenged and new ones added. …