A Companion to the Philosophy of Technology

Significance of Technology Management

It is argued that there are three major factors strategically in modern organizations that underpin the creation of competitive advantages. The first of these is strategic leadership. The effective leadership ensures that the enterprise will develop itself in the right direction and the production of product will meet the demand of the market. The second factor is having a staff with motivation and empowerment. They are the driving forces of the organization. The third factor is the proper management of technology. It is important that the company’s technology be appropriately and properly managed so as to achieve effective and competitive status (Harrison and Samson 2003).

Leadership and motivation of employees have been widely recognized as success factors. There have been significant additions to theories and practice regarding improvement in the management of people. Therefore, strategically, the remaining battlefield being competitive depends on proper management of technology. To put it differently, the strategic issue will be how a company could develop, acquire, share and manage technology appropriately and effectively.

It is interesting that this argument has been in congruence with the American historical experience. The United States of America experienced an increasing global competition which resulted in loss of market share in several industry sectors in the 1970s and 1980s. This became a concern not only to industries but also ...