26 Introduction

In the current globalized and highly competitive market, technology has become an essential component for the success and growth of modern organizations. Technological advancements have provided organizations with the ability to streamline their operations, enhance productivity, reduce costs, and improve overall efficiency. The use of technology has also enabled organizations to better adapt to market changes, meet customer needs, and maintain a competitive advantage.

Technology management plays a critical role in the successful integration of technology within an organization. Leaders must possess a clear understanding of both the potential benefits and risks associated with new technologies. They must develop and implement technology strategies that align with organizational goals, allocate resources efficiently, and foster a culture of innovation and continuous improvement. Moreover, management must address the social, ethical, environmental, and legal issues that arise from the implementation and use of technology, ensuring that their organizations maintain a responsible and sustainable approach to technological advancements.

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