Func t i onal i t yModelasBasi sf or Tec hnol ogyManagement( TM) Li t er at ur eRevi ew Thel i t er at ur er evi ew begi nswi t hashor tbackgr oundoft heconnect i on bet ween Technol ogy Li t er acy and Technol ogy Management . Thi s i s consi der edast hemostbasi cpost ul at i onwhi chwi l lbei mpl ement edi nt hi s r esear ch pr oj ect .Thi s al so pur poses f ort echnol ogy t o be i dent i f i ed and under st oodi ni t sv ar i et yofmani f est at i ons,pr act i t i oner sandst udent sofTM shoul dhav eahol i st i cappr oacht ot echnol ogy , aswel l asi t sr el at edf unct i onal char act er i st i cs.I ti si mpor t antuponTM t oof f erpr act i cal andt heor et i cal t ool s t ot hi send,doi ngsoi nt er msofaccept edr esear chpr i nci pl esi nt hef or m of t echnol ogi calpar adi gm ( Johnson&Phi l i ps, 2005) . Av ar i at i onoft het hemei nv ol vi ngt echnol ogypar adi gmsi st hesocal l ed t echnoeconomi cpar adi gm.I ti sapar t i cul art hemewhi chbecamepopul aras a r esul t of a school of t hought whi ch may be char act er i z ed as NeoSchumpet er i ans. Among t he t hought l eader si ncl ude Chr i st opher Fr eeman,Gi ov anniDosi ,andCar l ot t aPer ez,whost at edacaser egar di ngt he r eci pr oci t yi n bet ween t echni caland economi c change,as pr esent ed by di f f er ent t echnol ogi cal r ev ol ut i ons,i ncl udi ng t he associ at ed f or mat i on r egar di ngadi st i nct i v epar adi gm i nv ol v edi nt het heor et i calanal ysi soft he act ualr el at i onshi p( Pet er son,2003) .Per ez( 2004)suggest si mpl ement i nga ser i esofr ev ol ut i onsi nt het echnoeconomi cf i el d, whi chi sat hemeaddedt o t hedi st i nct i v ebehavi orofpr oduct i onandf i nanci alcapi t al , r espect i v el y .Wi t h t he age ofcommuni cat i on and i nf or mat i on t echnol ogi es,now r eachi ng mat ur i t yt owar dst heendoft het echnoeconomi cr ev ol ut i ons.