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Technology Management - Production Process

Technology Management - Production Process

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Published by Shahid kv

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Categories:Types, School Work
Published by: Shahid kv on Sep 28, 2009
Copyright:Attribution Non-commercial

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03/26/2014

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Changes in Process

 Allows

the incorporation of higher levels of skills functions into equipments.  Continues production of individual products

Changes in Process
 Labour

cost declined.  Cost reduction for the product  Labour charges declines due to surplus labours.  Higher quality product  Better planning coordination and control

Changes in Process
 Developing

countries suffer  Out sourcing will be stopped  Developed countries have more & more benefits

Changes in Process
 Developing

countries suffer  Out sourcing will be stopped  Developed countries have more & more benefits  More Engineers and Technicians are needed to carry out programming, repairing, installing and also for developing newer process

Competitive Advantage
 New

Ventures  Innovation  Research  Research Infrastructure

New Ventures
 New

ventures centered around technology are an important class of business  Involves two major risks

• Concerned

• Developing new product • Creating new market

with entrepreneurial management, over all business plan and the dynamics of organizational growth

Innovation
 

Process of creating new technological knowledge to implementing in new business Innovation include concepts:
– – – – – – – – –

Type of innovation Technology S curve Technology life cycle Economic life cycle Source of innovation Business opportunities Marketing Corporate diversification through new ventures Technology in manufacturing strategies

Research
 What

things to produce and how to produce them  Corporate laboratory is in charge of the research  Integrating with other management function and corporate strategy is essential

Research Infrastructure
 It’s

a part of industry then of a nation, and then of world.  R&D infrastructure of a nation plays a critical role in economic competition

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