BTM454 C1 TECHNOLOGY MANAGEMENT DRIVERS

Which of the following is a primary driver of technology management that involves adapting to emerging technologies like artificial intelligence and blockchain?

• Change in Scope

• Change in Asset Valuation

• Change in Technology

• Change in Knowledge

How does the change in scope drive technology management?

• By managing only internal technological systems within a single location

• By managing technology across broader ecosystems, including global operations and external partners

• By focusing solely on local market operations and competitors

• By managing intangible assets like patents and data within one department

What aspect of technology management is driven by changes in competition?

• Managing knowledge to ensure employees are trained to use the latest technologies

• Ensuring companies remain competitive by innovating and offering better products and services

• Focusing on intangible assets like intellectual property and data

• Implementing technology systems that are isolated from the competitive landscape

In technology management, change in asset valuation refers to:

• The shift in focus from physical assets to intangible assets like intellectual property and software

• The decrease in the importance of intangible assets in business operations

• The exclusive management of physical assets like machinery and hardware

• The valuation of assets based solely on geographical expansion

Which of the following is an example of change in emphasis on knowledge in technology management?

• Focusing on managing data flows across global supply chains

• Implementing algorithms to replace human expertise in decision-making

• Training employees to effectively use and improve upon complex technologies

• Outsourcing technology operations to minimize internal knowledge requirements

How does change in technology impact businesses?

• It allows businesses to continue using outdated technology without consequences

• It requires businesses to continuously monitor trends and invest in new technologies to avoid being left behind

• It has no impact on the competitive landscape

• It primarily affects only non-technical departments of a business

What is a key factor in the change in scope that technology management must address?

• Managing only physical assets like buildings and machinery

• Ensuring technology infrastructure supports global operations, regulations, and external partnerships

• Limiting technology adoption to a single department

• Managing the knowledge of employees across different teams

The change in competition as a driver for technology management refers to:

• The need to minimize technological investments in a highly competitive market

• The shift towards competition based on technological capabilities such as speed, innovation, and efficiency

• The decrease in competition between businesses due to technological advancements

• The focus on limiting technological innovation to reduce operational costs

In technology management, change in asset valuation highlights the growing importance of:

• Physical infrastructure and machinery

• Patents, data, and intellectual property as key assets

• Reducing costs associated with digital assets

• Managing only the tangible assets of the company

Which of the following best describes the change in emphasis on knowledge within technology management?

• Focusing only on technological upgrades without training employees

• Shifting focus from physical technology to managing the knowledge required to use, maintain, and improve it

• Reducing knowledge-sharing practices to improve efficiency

• Emphasizing the development of physical assets rather than intellectual capital