The article discusses how managing technological change is a major challenge for the future. It covers factors influencing technological developments, acquisition of new technology, and various management approaches. The researchers studied industry cases and analyzed the economics of production and technology change. They found that productivity can increase with technological advancements and examined different modes of technological change. The research explored sources of new technology, different pricing strategies, and methods for forecasting future technological advancements. In simple terms, the article delves into how companies can handle and benefit from technological progress to stay competitive in the ever-evolving market.