Question: Q2 (a) Technology can be classified into various groups. Examine the differences between new technology and emerging technology. (b) The research and development in

Q2 (a) Technology can be classified into various groups. Examine the differences

Q2 (a) Technology can be classified into various groups. Examine the differences between new technology and emerging technology. (b) The research and development in the technology life cycle phase are also called the bleeding edge. During this phase, the income from the inputs being put in making the technology is negative, with a higher risk of failure. Determine the importance of research and development in an organization or business. (c) Technology Life Cycle is a predictable pattern followed by technological innovation, from its inception and development to market saturation and replacement. (i) Draw the diagram and illustrate the technology life cycle, and label the stages. (ii) Differentiate technology maturity and technology decline phases in Strategic Technology Management System (STMS).

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