It provides an understanding of how organizational entities can be structured and managed to respond effectively to dynamic changes caused by technology and international competition. The key cycles in the development of technology are covered from a historical perspective, including their impacts on the economy, industrial sectors, and organizational strategy and survival.
Management is examined from both a process and system perspective.
The major technical, social, legal, and ethical issues in innovating and implementing technology are presented. Students are introduced to the preparation of a variety of financial analysis tools from simple balance sheets to activity-based costing. The basis of asset valuation is discussed, including capital and technological assets, intellectual property, and intangibles. Topics include economic concepts, financial markets, financial accounting, cost of capital, cost management, discounted cash flows, capital budgeting, product costing and pricing, and performance measurement. The methods and principles of marketing new technology-based products and services are introduced with a focus on innovative strategies for bringing them to market.