Question

Explain the difference between the concepts of Business Management and Technology Management. Provide examples.

Answer 1

There is a basic difference between business management and technology management, business management refers to managing the organization's business perspective so that the direct business objectives of the organization is served. I believe that business management involves managing the domain, employees, looking after the business processes of an organization, etc. whereas technology management is used to make the business process simple and convenient through various aspects like managing the technical aspect of each and every business process and that is possible by having details about the technical aspects that are involved in all the business process of the organization. I believe that for a organization to be successful it should possess all the required management techniques that include the business and technical aspects both. Today the way of doing business has changed a lot and hence the organizations need to be quite diligent and effective in order to sustain and remain competitive in the industry.