0- what is today’s dominant Technology? 1 - What is the role of Technology in pr
ID: 456541 • Letter: 0
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, also provide reference if possible thx
Explanation / Answer
0 - The dominant technology today is cloud computing. This technology is based on the use of network of remote servers. The servers are hosted on the Internet to store and manage data. There is no use of local server or a personal computer. In other words, it is the delivery of hosted services on the Internet. Cloud computing does away with the requirement of building and maintaining computing infrastructure and computer resources can be used as a utility.
1 - Technology plays an active role in improving the production of goods and services. Growth in productivity is bound by the production possibility frontier (PPF). PPF stipulates a series that shows the maximum amounts of two commodities that can be produced using a fixed quantity of factors of production. Technology helps the PPF in shifting out, thereby increasing the output. Technology works as a change agent to increase productivity on one hand and reduce long term costs on the other hand.
2 - No, a company will not be able to survive only with technology assets. A company should have an optimal mix of different assets like financial assets, manpower, technological assets etc. The different assets work in a harmony to create synergy that will help a company achieve its goals and objectives. A company will not be able to grow only if it has technological assets or financial assets or any other assets. Different type of assets are required to enable a company function efficiently.
3 - Companies trying to acquire or transfer new technologies will require its managers to serve a dual role of both technical developers as well as implementers. If a company is acquiring a new technology then they do not want to take active part in implementation. The user organization is often less willing to take the responsibility for the technology till the point where the evolution is complete. There is also the difficulty in early identification and improvement of the fit between the technology and user needs.
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