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Technology management as a profession and the challenges ahead

2016, Journal of Engineering and Technology Management

Abstract

This paper is aimed at current and future managers in the field of technology management (TM), and those who train and educate them. After briefly describing TM as a management discipline, the potential challenges likely to rise in the field are introduced according to three processes given in the TM framework: innovation, operation and strategy. Then, a set of propositions are developed regarding the potential impact of those challenges on TM professionals. Concentrating on a long term perspective provides TM professionals with the opportunity to consider their existing knowledge and skill base so that they can prepare for the challenges they will face in the future. The paper ends with implications for professionals and educators.

Key takeaways

  • The core focus of TM has changed significantly over the past decades; from research and development (R&D) to strategic management, and ultimately to innovation management (Drejer, 1997;Horwitch and Stohr, 2012).
  • In addition, a specific innovation might fall into more than one innovation type, making TM and innovation management overlap.
  • These four major innovations will have an impact on TM and its profession by widening the applications of technology into new areas such as social problems, as well as the participation of new actors in the process of technological innovation.
  • In particular, a study on a specific type of TM professional, technology transfer professionals (Mom et al., 2012), highlight the need for skills in the commercialization of new and emerging technologies by technology managers.
  • Given that need, technology managers and students with career plans in TM should find ways of preparing themselves for the future.