Technology Management

This paper addresses the question why an organization has to focus on the technology management to improve production. The paper completely focuses on the general concept of technology management. Technology management is the combination of technology and management practice. It is continues process which helps an organization to overcome many problems of production. Adopting a better technology does not give complete benefits to an organization; it also needs to know how to utilize it in a proper way to receive complete benefit. Technology management is focused on both innovation of new technology and applying it to business environment. It also helps in determining the best alternatives to produce a product in less time and in cheaper way with less wastage.