Technology Roadmapping

TECHNOLOGY ROADMAPPING

Sravanthi Gangula
E-mail: [e-mail]

ABSTRACT
In this competitive world it’s hard to enable the development and manufacture innovative products. Technology roadmapping is a strategic decision-making technique which is applied to a new product, process and technology to maintain business accordance which meets the companies objectives. This paper firstly describes the definition of technology roadmapping and, its advantages and disadvantages. Secondly, this paper illustrates how technology roadmapping is an approach to innovation and its relation to technology management. Finally, the paper discusses the steps involved in technology roadmap.

CONTENTS

1. INTRODUCTION

2. ADVANTAGES AND DISADVANTAGES

3. TECHNOLOGY ROADMAPPING - APPROACH TO INNOVATION

4. IN RELATION TO TECHNOLOGY MANAGEMENT

5. STEPS INVOLVED IN THIS PROCESS

6. CONCLUSION

7. REFERENCES

1. INTRODUCTION
A technology roadmapping is a development plan that matches company’s goals with specific technology solutions to help meet those goals. It is a road map plan that applies to a new product or process or to an emerging technology to maintain a market position and business performance in accordance with the company’s objectives [6]. Technology roadmapping supports innovation planning whether the strategies are for open innovation, purely internal or a combination of these. Open innovation networks find that a technology roadmap aids communication and priority definition as multiple parties consider and discuss their roles and priorities in product development innovation. Technology roadmapping is usually a collaborative foresight process that solicits opinions from various experts to create a best guess of a development timeline for a particular technology. Technology roadmapping is a usually undertaken by consultants to large companies interested in the future of technology in their market niche. Few

References: [1]http://www.sandia.gov/PHMCOE/pdf/Sandia 'sFundamentalsofTech.pdf [2]http://redalyc.uaemex.mx/pdf/847/84720205.pdf [3]http://www.unido.org/fileadmin/import/16963_TechnologyRoadmapping.pdf [4]http://www.carlosmello.unifei.edu.br/Disciplinas/Mestrado/PQM-21/Textos%20para%20leitura/Texto_2_TRM_Phaal_Probert_2004.pdf [5]European Institute of Technology Management (EITM), http://www-eitm.eng.cam.ac.uk/. [6]Petrick, I. J. and Echols, A. E. (2004). Technology roadmapping in review: A tool for making sustainable new product development decisions. Technol. Forecast. Soc. Chang., 71(1-2):81-100+.