What is the definition of economics and why technology managers need it?
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Technology management is a set of management disciplines that allows organizations to manage their technological fundamentals to create customer advantage. Typical concepts used in technology management are:
Technology strategy (a logic or role of technology in organization),
Technology forecasting (identification of possible relevant technologies for the organization, possibly through technology scouting),
Technology roadmap (mapping technologies to business and market needs), and
Technology project portfolio (a set of projects under development) and technology portfolio (a set of technologies in use).
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