Journal Name:
- Indian Streams Research Journal
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Abstract (Original Language):
Technology has become a competitive advantage for any organization. In order to compete with the
competitors, Technology has become the only weapon to any organization. But, unfortunately the nature of the
Technology is dynamic and unpredictable. Managing technology, especially disruptive technologies has become a
demanding job for any organization. This article gives an overview on fundamental concepts of managing
technology effectively; it deals with process of technological innovation and technological planning in an
organization. Tool for technology forecasting is technology life cycle and different forecasting techniques are
explained. Sources for the technology acquisition and different methods for acquiring the technology are
enlightened. Concept of Diffusion, Integrated diffusion strategy and different diffusion theories are given
explanation. Thought of absorption of technology put in plain words and Definition of Technology Transfer,
Classification, Models and different modes of technology transfer are discussed.
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