Management
Definition
The art and science of extracting the most from specific assets for fulfilling desired goals.
Basic function
Leading
Planning
Control
Organizing
MOT is integrated planning, design, optimization, operation and control of technological products, processes and services, a better definition would be the management of the use of technology for human advantage
MOT
Industrial Practice
Business Theory
Social Science
Engineering
Natural Science
MOT field helps firms to answer the following question:
How it can be exploited to create business opportunity?
How to integrated technology with business strategy?
How technologies is created?
How to use technology gain competitive advantage?
How can technology improve the flexibility of manufacturing and service systems?
When to enter and abandon technology?