Challenges and Opportunities of Technology Transfer Management

Today, technology has become so rich that many of the developing countries cant even afford to have all the facilities, It is admitted that these changes and takeovers affected economical, industrial, security, technical, cultural aspects of many countries in the world-wide age, only by gaining technological capabilities, power sources for competing with other countries could be gained. Therefore, to expand economical development of a country, it is the politicians and bureaucracy developing countries, duty to look after their respective countrieseconomic problems by keeping in mind their technological gap with the industrial world which is a very dangerous matter and by use of their knowledge about all related policies; they should provide scope of technology for their country. In this paper, the meaning of technology transfer process in different stages of cycle of technology life, facilitating catch up, and technology diffusion, management of technology, spillover of huge political process of technology transfer and necessities it at national level of developing countries, have been discussed.

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