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Technology, Wealth and Modern Management of Technology


  • Slavko Dolinsek

    (Faculty of Management, University of Primorska, Slovenia)

  • Peter Strukelj

    (Faculty of Management, University of Primorska, Slovenia)


In the paper, we propose somewhat different conceptualizations of technology, of a fundamental relationship between technology and wealth in a society, of technological capability, and of management of technology. We based our proposed conceptualizations on the current general and relevant technological practice. In order to infer these conceptualizations, we studied today’s largest companies worldwide in different production and technology sectors as well as some general reporting on technology from technology-oriented media. These fundamental conceptualizations may be of interest to all those who are practically or theoretically concerned with technology, wealth, technological capability and management of technology, and who want to comprehend the essence of technology and its relations to phenomena, such as wealth and management (‘to get the big picture’). At the end, we explain why there is a need inmodern companies tomanage technologies and what a new paradigm of management of technology is, i. e. what new challenges and trends a modern management of technology has to face.

Suggested Citation

  • Slavko Dolinsek & Peter Strukelj, 2012. "Technology, Wealth and Modern Management of Technology," Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 10(1 (Spring), pages 29-49.
  • Handle: RePEc:mgt:youmgt:v:10:y:2012:i:1:p:029-049

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    technology; wealth; technological capability; management of technology; technology trends;

    JEL classification:

    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights


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