Man lives with the tools he has developed; he depends on them for his livelihood" (). Technology may be defined as the organisation of knowledge for the achievement of some purpose or purposes ().Every industry has felt the impact of technological advance…
Changes in technology may be broadly grouped into those that are industry specific and those that have an impact across all business. The development of Information and Communication Technology is a part of the latter.
The electric motor rewinding industry is a traditional industry and usually operates at small scales, being limited by the availability of motors to rewind. Yet it is a specialised industry that requires its own skills especially in the case of motors of large capacity and sophistication. The generally small dimensions of these companies, makes them less inclined to incorporate new technologies into their business. Added to this, the limited importance of the sector as a whole, in comparison to other manufacturing industries means the availability of new technological advances is not the same as in other sectors. The development of new engineering techniques are few and far in between.
Despite this, the motor rewinding sector has not remained immune to the general trend of the last few decades where technological innovation and renovation have become the norm. We have become used to living with such terms as "society of communication", "computer revolution", etc.
In the widest sense of the term new technologies can be better understood from the point of view of the impact they have on our organisations. A broad classification, based on the differential levels of impact on the organisation might be:
Management enabling technologies
Automation and industry specific technological advances
Environment friendly technologies
Improvement of health and safety in the workplace
Globalisation through the opening of trade and tariff barriers, uniform legislation, improved communication and shipment infrastructure have made it possible for companies, all over the world, to compete for every business opportunity. The impact of cheap labour combined with availability of skills in the developing economies like China and India is being felt in the West and many businesses are finding it very difficult to compete. It is, today, cheaper to buy a new motor of a rating of up to 2.5KW manufactured in these countries than to get it rewound! And the new motor is also of excellent quality, and likely to be more dependable and give better service!
2.0 Technological Advances
2.1 Management Enabling Technologies
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(Technological Innovation and Commercial Changes Essay)
“Technological Innovation and Commercial Changes Essay”, n.d. https://studentshare.net/technology/291769-technological-innovation-and-commercial-changes.
18 7.0 Conclusion 20 8.0 References 22 9.0 Bibliography 26 1.0 Introduction Innovation and change is an important part of any business organisation. An organisation in order to be competitive in a market has to adopt incessant innovation strategies. In this paper, the importance of innovation in present day business environment has been described.
It involves the scientific ideologies that intend to solve human problems and make life simpler. Information technology as part of technologies has experienced most innovations in recent developments in the field of science. Technologies utilize modern communication channels that enhance understanding within organizations (Baste 2002).
Film form has in all aspects changed from what it used to be in the beginning. The transformation in film form stems from technological innovation and development in changing all original aspects of film form to what it is today (Livingston & Plantinga, 2012).
These technologies allowed companies to modify their business models allowing them to operate more efficiently and profitably.
The internet technology is irrefutably one of the major advancements which shaped and continue to shape operations of business organizations (Kotler 2005).
It is now generally accepted, within the construction industry, that there is a relationship between a firm's efficiency or profitability and its ability to innovate. . Construction organisations need to determine their positions in terms of processes, services, products, technologies and markets.
The impact of technological change and innovation is not a recent phenomenon. Technology, from the Greek words techné (useful knowledge) and logos (study), can be understood as the application of useful knowledge to everyday life and has acted as a main driver of change in the world. Consider the simple example of fire.
There is a marked increase in the number of organizations that have also started to move their support services and customer call centers to more cost effective countries. However, few of these organizations have authentic global technological and innovative
The telephone allowed people to communicate from long distances. During the last decade, there has been a proliferation worldwide of cellular phones as prices have come down significantly. As of March 2011, there were 5.3 billion cellular subscriptions worldwide, 4.2 billion of which corresponded to individual users.
hese details are run in the adverts to give the interested parties a chance to compare their personal characteristics and whether they would be of essence in the process of filling a given position in a firm (Richard, 2003). The job descriptions, thus, offer a preliminary ground
The conclusion from this study states that innovation and technology development are major drivers of economic advantage within a country. A comparison of the UK, US, Japan and Germany technological innovation systems signifies that a country’s investment in technology is directly proportional to the economic development of the country.
8 Pages(2000 words)Essay
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