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Transfer of Technology and its main method

Definition of Transfer of Technology


“Transfer of Technology means to sell the technology or to provide technology to other for getting money from that person. Technology includes skill, knowledge and new and fast production techniques and any
 organization will give it only after getting its fees that may be license fees. After this second party can share that technology for their own purposes.

Main methods of Transfer of Technology


1. Transfer of Technology by providing training to employees of company


If any company is started the work of training to employees of different company . By this way they can transfer their technology to the employees after learning skills , employees can work more technically.


2. Transfer of Technology by giving license


By this way company can also transfer of technology, Microsoft is the one of example of this; you can buy the license to use the different softwares of Microsoft company. For this Microsoft Company will take fees for this.


3. Transfer of Technology by selling of machinery and equipment


This is also another method of transferring the technology. Company can make any machine or equipment and it is finished with all technology by selling this machine or Equipment Company can transfer the technology.


4. Making of Partnership or joint venture programme


Under this method company does not sell the technology but technology becomes fixed investment in partnership or joint venture. One party brings technology and other party brings money and both start a new business.


5. by Expert Services

Under this method, expert can transfer of technology by giving his professional services and takes fees.

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Technological Environment

Definition of Technological Environment :-


“Technological Environment means the development in the field of technology which affects business by new inventions of productions and other improvements in techniques to perform the business
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Business environment may be defined as the set of external and internal factors which affects the decisions of business. We can divide business environment into two parts

A. The Micro Environment of Business

These are powers which are deeply related with company and company can control these type of environment by improving its capacity and efficiency.

1. Suppliers

Suppliers are the persons who supply raw material to company.

2. Customers

Customers are the persons who buy goods from company.

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Market intermediaries are those person who helps company to sell its products.

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Financial intermediaries are those institutions who provide loan, credit and advance to company.

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Competitors are those who also sell same product of company.

6. Public

Public is those group of people who can buy or who can show their interest to buy the products of company.

B. The Macro Environment of Business

Macro environment of business means all exte…