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BUSINESS ENVIRONMENT

BUSINESS ENVIRONMENT. Department – MBA Presented by- Shumeet K. Grewal. Technological Environment. Technology can be defined as knowledge of methods to perform certain tasks efficiently and solve problems pertaining to products and services

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BUSINESS ENVIRONMENT

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  1. BUSINESS ENVIRONMENT Department – MBA Presented by- Shumeet K. Grewal

  2. Technological Environment • Technology can be defined as knowledge of methods to perform certain tasks efficiently and solve problems pertaining to products and services • Technology is one of the important determinants of success of a firm as well as the economic and social development of a nation.

  3. Features of Technology • Change and then more change. • Time gap between idea and implementation • Widespread • Self- reinforcing • Complex.

  4. Impact of Technology • Social Implications • Economic Implications • Plant Level Changes

  5. Social Implications • Technology reaches people through Business • High Expectations of consumers • System Complexity • Social Changes

  6. Economic Implications • Increased Productivity • Need to spend on R & D • Jobs become Intellectual • Problems of Techno structure • Increased regulations and stiff competition • Demand for capital • Rise and decline of products and organizations • Boundaries redefined.

  7. Plant Level Changes • Organization Structure. • Resistance to change • Fear of risk • TQM • E-Commerce & E- Business • Flexible manufacturing System.

  8. Hurdles in Technological development • Pollution-generates smoke, smell, noise, effluents & dust. • Industrial resources- technological development depends upon the availability of minerals, energy, water supplies, highly skilled labor & high human knowledge. • Social Institutions- many societies adopting modern technology encounter problems in arriving at a consensus between their traditional social institutions & the new trend of technology development.

  9. Transfer of Technology • Training or Employment of Technical Experts • Contracts for supply of Machinery and Equipment • Licensing Agreements • Turnkey Contracts Shumeet Grewal

  10. Issues in Transfer of Technology • Cost • Appropriateness • Reliance • Obsolence Shumeet Grewal

  11. Technological Policy -Pt. J.L. Nehru adopted scientific policy resolution (SPR) by G.O.I on March 4, 1958. It recognized science & technology as the key to national prosperity. AIMS & objectives of SPR are- • To promote & sustain science & research • To ensure adequate supply of highly trained & qualified research personnel by recognizing their work as an important component of nation` s strength • To ensure the benefit of science & technology to all the people in country. • To develop scientific thinking by building large number of scientific institutions. Shumeet Grewal

  12. Industrial Policy Resolution of 1948 & 1956 • Mix of indigenous & imported technology. Govt. policy will be directed towards reducing technological dependence in key areas but advantage should be taken of technological development elsewhere. Hence Indian govt. has followed a dual policy- -To borrow developed & costly technology. -To develop indigenous science & technology for the betterment of society & nation. Shumeet Grewal

  13. New technological policy • Attain technology competence & self-reliance. • Provide maximum gainful & satisfying employment to all sections of societies with emphasis on the employment of women & weaker sections of society. • Use traditional skills & capabilities making them commercially competitive. • Ensure a correct mix between mass production technologies & production by masses. • Ensure maximum development with minimum capital outlay • Identify obsolescence of technology in use & arrange for modernization of both equipment & technologies. Shumeet Grewal

  14. New technological policy • Development of technology which is internationally competitive particularly those with export potential. • Improve production through greater efficiency & fuller utilization of existing capabilities & enhance the quality & reliability of performance & output. • Reduce demands of energy, particularly energy from non renewable sources • Ensure harmony with the environment, preserve ecological balance & improve the quality of habitat • Recycle waste material & make full utilization of by-products Shumeet Grewal

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