Management of Technology

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Chapter 1 - Dynamics of Technology Change

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  • The Dynamics of technology changeChapter 1

  • *Chapter ObjectivesWhy is it Challenging? New technologies are beneficial and desirable But considerable uncertainty re health effects Also trigger debate about opportunity cost Dilemmas must be managed politically More legitimate if informed by analytical insights

  • Basic Concepts of Technological ChangeTechnology is the collection of techniques, skills, methods and processes used in the production of goods or services or in the accomplishment of objectivesTechnological Change is a dynamic process that encompasses an enormous array of events, influences, motivations, individuals and institutions. It is a process in the sense that it takes place in time as a series of linked events. - if a device, product or process, which do not exist at some given time and is found to exist at a later time, then technological change has taken effect. Technological Dynamics It is the study on how technology changes and is concerned both with the rates of change in time and the forces that impel these changes*

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