Advances in computer-based information technology in recent years have led to a wide variety of systems that managers are now using to make and implement decisions. By and large, these systems have been developed from scratch for specific purposes and differ significantly from standard electronic data processing systems. Too often, unfortunately, managers have little say in the development of these decision support sysems; at the same time, non-managers who do develop them have a limited view of how they can be used. In spite of these drawbacks, the author found that a number of the 56 systems he studied are successful. And the difference between success and failure is the extent to which managers can use the system to increase their effectiveness within their organizations. Thus, the author suggests that this is the criterion designers and managers should jointly ascribe to in exploiting the capabilities of today’s technologies. What can managers realistically expect from computers other than a pile of reports a foot deep dumped on their desks every other week? A version of this article appeared in the November 1976 issue of Harvard Business Review.
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What is technology management? In today’s corporate environment, it is essential that leaders and managers understand the term “technology management” and how it applies to the success and sustainability of the company. As amazing as it may be, many people (even small business owners) have no idea what technology management is; this article will help clear up what seems a confusing concept for many. There are many strategies used today in the business world that play a part in the total success of the company. Planning, organizing, implementing, monitoring, evaluating, staffing – these are all strategies that are necessary to take any organization to its full potential and maintain that level of success. Technology management is much the same; the difference is that the word “technology” stumps many. Think about all of the things that make life easier today; cell phones, computers, software – these are examples of the technological advances that have contributed to making modern life easier and more convenient. Hence, the term “technology management” simply means the management of technology! Throughout every level or division of the company, technology management is essential; this includes communications, marketing, product development, and efficiency in reporting. Today, technology management is one component of the business environment that allows companies to remain competitive in any market, even those with fierce competitors. Those who work in the technology management field are often responsible for determining whether a certain technology is valuable or will be an asset to the performance and success of the company. Additionally, technology management is often defined as those individuals or team members who work to make all things technical (computers, software programs, etc.) easily usable to the people who use these devices or programs. As Nvudev describes it, technology management is a necessary component to corporations and companies both big and small looking to expand; those individuals who make up the technology management team for any business can arrange and organize information so that the data is useful in making future decisions. In technology management, the proper use of information can either be of extreme benefit to a company, or it can save an executive or manager of that company from making a hugely detrimental mistake that may actually put the business at risk of total failure. Information is one integral component that helps determine the course of all businesses. Information can be used to analyze past performance, expenditures, revenues and more, but it can also be used to predict a pattern for the future. This is why technology management is so vital to the heartbeat of business today. In today’s world, technology continues to advance at a rapid pace; this is why it is so important that companies and corporations implement technology management in to the strategies they use to remain productive and competitive. Every business is looking to thrive and expand their horizons in order to become more profitable and cutting-edge; without the implementation of effective technology management, businesses will be left behind as competitors continue to soar ahead. Watch this video interview with Austin Adams, former CIO of JP Morgan Chase where he talks about technology management and outsourcing. Topics: Technology
What is technology management? Technology management is a set of management disciplines that allows organizations to manage its technological fundamentals to create competitive advantage. It is very important for an organization to manage its technology strategically because when it is not well managed, it might result into a big loss in the organization. Managing technology involves planning, designing, optimizing, operation and control of technological products. Technology management aims at maximizing the cost effectiveness of investments in technology development which contributes to the value of an organization. If an organization fails to plan for its technology it might encounter issues like data loss or misuse of that technology by its employees. But if the organization creates a frame work and plans for its technology, its output will increase. Below I have listed some of the importance’s of technology management:
Periodic reports ; are reports that are produced at a predetermined time interval such as daily , weekly, monthly or yearly. Summarized reports; these are simply reports that aggregate information from periodic reports. Exception reports; these show only a subset of available information based on some selection criteria. Comparative reports; these show two or more sets of similar information in an attempt to illustrate a relationship. Ad hoc reports; these are reports you can generated at any time . They are just the opposite of the periodic reports. |