BTM454 C1 TECH MGT PERSPECTIVES

What are new and emerging technologies characterized by?

• Technologies that are obsolete.

• Technologies that have recently been developed or are in early stages of commercialization.

• Technologies that are fully established and widely used.

• Technologies that require no management.

Managing new and emerging technologies requires organizations to

• focus solely on past technologies.

• adopt a proactive approach to R&D and stay ahead of market trends.

• minimize experimentation and innovation.

• rely on traditional methods only.

Tacit knowledge is best defined as

• knowledge that can be easily documented and transferred.

• know-how that is difficult to transfer through written or verbal communication.

• knowledge that is available to everyone in an organization.

• information that is outdated and irrelevant.

To effectively manage tacit knowledge, organizations should

• create repositories for easy documentation.

• foster an environment that encourages learning and knowledge sharing.

• focus solely on codified knowledge.

• ignore employee experiences and insights.

Codified knowledge can be defined as

• knowledge that cannot be documented.

• knowledge that can be easily documented and transferred.

• knowledge held exclusively by upper management.

• information that is irrelevant to the organization.

Managing codified knowledge typically involves

• creating an informal sharing environment.

• developing repositories, databases, and knowledge management systems.

• ignoring technological advancements.

• reducing the importance of documentation.

Technologies can be classified by their level of sophistication into

• Basic, Intermediate, and Advanced.

• High, Medium, and Low technology.

• Emerging, Established, and Obsolete.

• Static, Dynamic, and Evolving

Which of the following best describes high technology?

• Simple and traditional technologies.

• Cutting-edge, complex technologies such as AI and robotics.

• Technologies that require minimal investment in R&D.

• Technologies that are fully established and widely used.

The management approach for high technology typically requires

• no specialized knowledge.

• advanced expertise and significant investment in R&D.

• a focus on cost-effectiveness only.

• reliance on outdated systems and practices.

When managing medium and low technology, organizations typically focus on

• advanced research and development.

• efficiency, reliability, and cost-effectiveness.

• innovation at all costs.

• ignoring technological changes.