Technology Value Mapping (TVM) : Method for Designing Technology Value Capture by Visually Modelling Product Properties and Behaviours

The purpose of this thesis is to develop and introduce a new technology valuation method for concept development phase. The aim is to support the evaluation and valuation of new technologies, particularly in terms of improving the reliability and cost-effectiveness of technology valuation. A constructive research approach and design research methodology (DRM) were used in the research and method development of this thesis. The presented technology valuation method was evaluated and developed through three case studies in the mining industry. This thesis contributes to technology valuation by increasing understanding and providing tools for modelling the effects of technology through the product. To understand the effects of technology, a product’s properties and behaviour and their connections, dispositions are used. Contribution to knowledge management was made through defining the information needed for technology valuation and providing tools to gather the information in the form of a practical method. The work resulted in a six-step Technology Value Mapping (TVM) method. The TVM method improves the reliability of technology valuation, as well as cost-efficiency, thus enabling business-friendly technology decisions. The method is based on understanding and modelling dispositions; hence, if the object or technology under consideration does not contain the needed dispositions, the method cannot be used. This thesis combined theories that are commonly used in design science with technology valuation and research into value creation and capture. According to case studies, using this interdisciplinary approach could improve organizational learning and communication when making technology
decisions.