0- what is today’s dominant Technology? 1 - What is the role of Technology in pr
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Question
0- what is today’s dominant Technology?
1 - What is the role of Technology in production of products & services?
2- Can a Co. survive only with Tech assets? give an example?
3- Discuss inherent difficulties for some companies trying to acquire/transfer new technologies.
4- For manufacturing Industries, give an example of each type of technologies(used in factories, storages,…..)
5- In addition to technology, what are other factors are important in wealth generation?
6- What is the role of a ( technology) manager in a stable technological environment?
Answer each question in 4 to 5 lines briefly
Explanation / Answer
0.
There are many technologies that are dominant in nature. But, one of the prominent one is “Embedded technology”. It is used to develop smart devices that help in the decision making process. Today, it is being used in developing devices that range from smart watches to sophisticated medical devices. It has spread into many functional domains so that most of the industries can capitalize on it to make their product with artificial intelligence.
1.
The role of technology is very important. First, it helps in making a superior quality product. Second, it reduces the cost of operation. Third, it gives a competitive advantage in the market. Fourth, it reduces the dependence upon manual labor. Thus, it increases the efficiency and productivity of overall operation.
2.
Technological assets are means / tools that are employed to produce product and services. Thus, it also requires skilled human resource that can utilize it. So, a company cannot survive only with technology assets. It should be complimented by human assets also. For example, an IT company who sells software products, also requires IT professionals who can demonstrate, install and test the product at the client side for proper business. Without human resource, business deal cannot be completed.
3.
The first difficulty is the suitability of the company with respect to technology. It can be size, resource as well as the skill level of technology. Second, technology can require additional investments that cannot be met by a company. Third, use of technology in the present business scenario may not be suitable. Thus, the company will face difficulty in acquiring technology.
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