Technology assessment as a guidance to business management of new technologies

Technology assessment becomes an important tool in the process of introducing new technologies to production and commercial phases. The paper goal is to reflect different aspects of technology assessment and their relative importance for future business performance. We developed a hierarchical model with multiple criteria to evaluate the alternative concepts in approaching technology assessment process on the corporate level. The presented model appears to be comprehensive, flexible and easy to implement in managerial practice. The illustrative example shows that in the case of mature company, the knowledge platform becomes a focus point of the technology assessment process.