A Beginners Guide to Technological Forecasting
In this free online course, learn how technological forecasting may lead a company to significant success.
Take this certificate on your own.
Start now and learn at your own pace.
CertificationView course modules
Businesses have a new battleground that is grounded in the world of technology. Each company would like to command its domination in the field of technology, thus the necessity to forecast. In this course, you will be introduced to technological forecasting, along with the technology lifecycle. Why do businesses need technology and technological forecasting? Companies are interested in reinforcing their plans to gain benefits and competitive advantages. In managing technology, these businesses' top executives should argue when to invest in technology development or withdraw. You will be taught that technology development calls for two critical concepts, invention and innovation. The invention refers to feasibility and performance, while innovation relates to production and profitability. The most significant difference between invention and innovation is time, which is sometimes expressed in years. The reason for this gap is the growth of knowledge. As you work through the course, we will provide other details about invention and innovation. These details will allow you better to understand these concepts and their connection to technological forecasting.
Next, you will learn that for better forecasting, there is a need to have a team of collaborators on board to provide the necessary knowledge from various contexts, including technological, economic, social and environmental fields. The team should be efficient enough to work together and address the broad structure in technological forecasting and decision making. This structure generally consists of four main steps. These include setting up the business context, which impacts the business from various perspectives, allowing possible questions to be expressed. Answering those technical forecasting questions using qualitative methods and quantitative methods will be outlined, contributing to making sound business decisions. Getting knowledge about the future is an important stage of forecasting and will remain a focal point of this course.
Any lifecycle consists of birth and growth that leads to maturity, which will be followed by decline and death. The same goes for the lifecycles within the technology field. The length of time varies according to this lifecycle and divides into fast-paced industries, medium-paced industries, or slow-paced industries. This course will delve into this subject and help your business make sound strategic decisions. It will be of great value to government officials wanting to make a difference, or business managers, who will find the course beneficial as a strategic tool to achieve their long term goals. Students specialising in management or development concerns will find this course particularly helpful. Start this course today and sharpen your understanding of technology forecasting for strategic decision making.Start Course Now
The Need for Technology Forecast
The Need for Technology Forecast – Learning Outcomes
Technology Forecast: Overview
Technology Forecast: Innovation versus Invention
Technology Forecast: Limiting Resources and Difficulties
Technology Forecast: General Stages and Start-Up Stories
Technology Forecasts: Strategic, Tactical and Operational Decision Making
The Need for Technology Forecast – Lesson Summary
Technology Lifecycle – Learning Outcomes
Technology Lifecycle: Introductory Case Study
Technology Lifecycle, Season Clockspeed
Technology Lifecycle – Lesson Summary
Upon successful completion of this course, you will be able to:
- Define technology forecasting
- Contrast innovation and invention
- Summarise the difficulties to perform reliable technological forecasts
- List the general stages of technology forecasting
- Recognise the three levels of planning
- Identify operational, tactical and strategic decisions
- Define technology
- List the main components of technology
- Explain what technology will look like in the future
- Discuss the settings and rules used in technology
- Analyse the application of existing technologies
All Alison courses are free to enrol, study and complete. To successfully complete this Certificate course and become an Alison Graduate, you need to achieve 80% or higher in each course assessment. Once you have completed this Certificate course, you have the option to acquire an official Certificate, which is a great way to share your achievement with the world. Your Alison Certificate is:
Ideal for sharing with potential employers - include it in your CV, professional social media profiles and job applications
An indication of your commitment to continuously learn, upskill and achieve high results
An incentive for you to continue empowering yourself through lifelong learning
Alison offers 3 types of Certificates for completed Certificate courses:
Digital Certificate - a downloadable Certificate in PDF format, immediately available to you when you complete your purchase
Certificate - a physical version of your officially branded and security-marked Certificate, posted to you with FREE shipping
Framed Certificate - a physical version of your officially branded and security-marked Certificate in a stylish frame, posted to you with FREE shipping
All Certificates are available to purchase through the Alison Shop. For more information on purchasing Alison Certificates, please visit our FAQs. If you decide not to purchase your Alison Certificate, you can still demonstrate your achievement by sharing your Learner Record or Learner Achievement Verification, both of which are accessible from your Dashboard. For more details on our Certificate pricing, please visit our Pricing Page.