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Book review
odology could certainly prove to be an academician or flexibility in technology strategy with effectiveness of
researcher’s delight. the same. It comes up with several suggested actions
The research process follows an elaborate three-stage worth noting. For instance, it suggests that a strategic
model: pilot study and a macro study followed by a architecture is required for cultivating core com-
micro study. The exploratory pilot study, based on seven petencies, the technology absorption time has to be
non-random case studies of Indian companies, helps in reduced, and a comprehensive technology strategy has
uncovering the issues that have been listed above. The to be formulated. Such a strategy needs to be specified
macro study takes up the automobile industry and delin- in terms of technology development, acquisition, absorp-
eates two categories of issues: active transfer of tech- tion, indigenization, innovation, phase-out, transfer,
nology and collaborations. The active transfer of tech- commercialization, and investments in technology.
nology takes up Maruti Udyog Limited (joint venture One would tend to agree with the authors that their
with Suzuki of Japan), Hero Honda Motors, and Kinetic work certainly enhances understanding of the strategic
Honda Motors Limited. The collaborations issues have technology management practices, problems, and aspir-
been researched in Tata Engineering and Locomotive ations of the companies in the Indian automobile indus-
Company Limited, Eicher Motors Limited and Hindus- try. It can be added that the book offers an insight into
tan Motors Limited – Passenger Car Division. Drawing an area that has lacked much rigorous, empirical research
from the learning issues identified in the pilot study and especially in the context of developing countries. Thus,
the macro study, the research goes into a detailed investi- the book attempts to cover a significant gap in knowl-
gation of Hero Honda Motors Limited that the authors edge in the area of management of technology.
refer to as the micro study. An interesting aspect here is The book has the necessary features of a list of refer-
that action research is applied using a system dynamics ences that has more than 250 sources listed making it
model to identify leverage points and generate scenarios a veritable source of information for researchers. Two
for the company. This framework comes in handy as the appendices explain the methodology and research mat-
authors, in consultation with the top management of the ters. The printing quality is appropriate not forgetting
company, evolve a technology strategy for implemen- that it is published in a developing country and at a price
tation. of just about US $20 is well worth the matter it provides.
A question of interest to managers could be: What is Yet, this low-priced book comes with some glaring typo-
graphical errors that would have been avoided through
effective management of technology management func-
careful editing.
tion? And how is it to be done? The authors offer some
Technology policy planners in companies worldwide,
lessons from their micro study. Effective management
managers in automobile industry especially in
of technology means having an integrated view of man-
developing countries, academicians and researchers in
aging technology just like any other managerial function.
the discipline of technology management, learners in
For making technology management there are three creativity and innovation and the general reader inter-
issues to consider. First, there has to be top manage- ested in the subject will find the book useful. It could
ment’s commitment for formulation and implementation serve as a good reference book for graduate and post-
of technology strategy. Secondly, every component of graduate courses in technology management as well.
technology management must have a separate strategy to
provide clarity on the firm’s present and future agenda. Azhar Kazmi,
Thirdly, there has to be an inter-relationship among tech- International Islamic University Malaysia, Department
nology management function with manufacturing, mar- of Business Administration, 53100 Jalan Gombak,
keting, and information technology functions. Kuala Lumpur, Malaysia
The book investigates the relationship of effective doi:10.1016/S0166-4972(02)00167-0
technology strategy with corporate performance and the