Professional Documents
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Definition
● The branch of knowledge that deals with industrial arts, applied science, or engineering; the
terminology of an art or science or a technological process, invention, method and the like
and some of the ways in which a social group provides themselves with the material objects
of their civilisation.
● Technology is defined to be know how physical procedures used to produce products and
services.
● Technology is defined as all the knowledge, products, processes, tools, methods and systems
employed in the creation of goods or in providing services. It is the way to do things.
● Technology is the systematised knowledge applied to alter, control or order elements of our
physical and social environment.
Meaning
Know how
Used to
Technology Physical things Products and services
produce
Procedures
● Know how : Knowledge and judgement of how, when and why to employ equipment, processes
and procedures.
● Procedures: Rules and techniques for operating the equipment and performing the work.
Evolution of technology
Three main time periods :
● Stone age: Age of Early human where tool creation and use was prominent.
• Early writing
• Basic government
• Trade
• Agriculture and ox-plows
• The wheel
• The Loom
• Bronze.
● Iron age :
Much better for weapons and armor :
● Very abundant, and inexpensive
● Allowed for more permanent settlement
● Better militaries
● Information age:
● The Information Age (also known as the Computer Age, Digital Age, or New Media
Age) is a historic period beginning in the 20th century
● Rapid shift from traditional industry that the Industrial Revolution brought through
industrialization to an economy primarily based upon information technology.
● Machine : A machine is a tool that substitutes part of or all of the element of human
physical effort, requiring only the control of its functions.
Machines became widespread with the industrial revolution, though windmills.
Characteristics of Technology
Resources :
Money, Time, People, Collateral assets.
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Transferability :
Technology transfer is not easy. Knowledge is always scarce and is sticky. Between the sender and
receiver during the communication, there is no perfect correspondence.
Oppurtunity :
Technology development takes place when human beings perceive an opportunity for improvement
due to intrinsic or economic reasons.
Appropriability :
In certain instances, technological development is for economic motives, wherein individuals will
pursue development only to the extent that there is a reasonable assurance; the fruits of their
labour will flow back to be developers.
1. Change in technology.
2. Change in scope.
3. Change in competition.
Technology Innovation :
Technological innovations comprise new products and processes and significant technological
changes of products and processes. An innovation has been implemented if it has been introduced
on the market (product innovation).
● Technology creation and exploitation requires a chain of events starting with inventions in
labs and ending as sales at market place.
● Types of Innovation:
● Architectural Vs Component.
● Radical Vs Incremental.
1. Technology push
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2. Market pull
Technology Invention :
Invention ( the creative process) only produce “ideas: they are not useful while they are reduced to
practice and use, which is the process of innovation.Roberts and Wainer have identified five types of
people who are needed for technological innovation.
● Gate Keepers : Researchers who maintain a broad network of outside contacts, both
with people outside the organisation and the technical literature; they are not
appointed people but the wise research manager recognise them and their function.
● Program managers.
● Sponsor : the senior managerial person also provides financial and moral support.
Technology Diffusion :
Diffusion is the process of closing the gap between what people don’t know and what they can
effectively put to use.
Diffusion is the process by which a new idea or new product is accepted by the market.
Diffusion strategies address both internal and external customers are influenced by several factors
like
● Organizational climate.
● Innovation.
● Technology substitution.
● Bandwagon effect.
● Opinion leaders.
● Change agents.
1. Innovation stage.
2. Consolidation stage.
● Diffusion is not one-way traffic. The innovator can also learn from imitator.
● Diffusion can take place in variety of forms like product, service or a process, use &
production, stock of technological knowledge.
● Standard measures :
● Awareness – building
● Research
● Training
● Financial support
● Standardization.
Revolutionary Innovation :
Revolution : Forcible overthrow for an entirely new system.., drastic, disruptive, far-reaching,
momentous change.
Stable margins.
● If you can use your lead to establish such a beachhead that even if better options
become available, your customers will find it too much of a hassle to switch.
Evolutionary Innovation :
Product Innovation :
Creation and subsequent introduction of a good or service that is either new, or improved on
previous goods or services of its kind.
● Core benefits – these are the basic functions and attributes meant to be provided by the
good/ product.
● Tangible specifications:
● Augmented Features:
These are the additional benefits or utilities associated with the product like after sale
service, perceived benefits of a brand etc.,
● Functions/attributes
● Weight,size,appearance
● Engineering/technical specifications
Product design has direct impact over selection of processing equipments and methods, plant layout
and in process material flows.
● Sustaining competitiveness
Process Innovation:
A Process is combination of facilities, skills and technologies that are used to produce products or
provide services.
● A set of tasks
These tasks transform inputs to outputs. Thus process results into change. Process changes i.e.,
converts inputs into outputs. Inputs being land, labour, capital etc., output being goods, services.
Process Design :
● It means the complete delineation and description of specific steps in the production
process and the linkages among these steps that will enable the production system to
produce products / provide services as per the goals / policies of the organisation.
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● Process design directly influences plant layout effecting processing wastage and quality
of output.
3. Selecting a small group of operators and workers, seeking their participation in process
innovation through communication, counselling, training and rewards etc.
5. Observations and improvements in the new process based on feedback from pilot
testing.
Tools :
● Developing Assembly Charts for studying conceptual frame work of material flow
● Time Study for comparing time taken for various operations and tasks
● Benchmarking
● Financial Appraisal.