Technology Road Mapping, Acquisition& Transfer

Technology Road Mapping is a needs-driven technology planning process to help identify, select, and develop technology alternatives to satisfy identified business and social concerns and needs. “Technology development Road Mapping” (TRM) is a strategic technology planning process for research and development that cooperatively identifies: 1) a particular industry's common product and process performance targets, 2) the technology alternatives and milestones for meeting these targets, and 3) a common technology path for research and development activities. This course discusses the applications and benefits of TRM and how to identify alternate technology paths for meeting defined performance objectives. It provides the students with the knowledge of rules, techniques, steps, and alternative methods to select, procure, transfer, and acquire technology. The course explains and discusses the different levels of consideration in selecting technology from alternatives. It identifies the different routes through which a firm can acquire needed technologies.  It provides a framework that helps in making key decisions about technology acquisition. Different forms of technology and its embodiment (e.g., patents, know-how, equipment…) are dealt with in addition to their markets, pricing, negotiation particularities, contracting procedures, and implementation.