Organisations and Environment
" Discuss just how an organisation's competitive benefit can be increased with the intro of new technology”
It is important to remember the difference between inventions and technology. Inventing something is the foundation of the thought but the technology in it is ‘the using knowledge to production' (Wetherley, P 2008). This is because ‘Technology itself are unable to do anything. It can be how this technology is used that is important' (Wetherley, G 2008) and just how people associated with business adopt new technology and exploit the benefits. Which means that the actual technology can be complicated or basic, the defining factor is definitely not ‘In the precise characteristics of the technology itself however in how it is used plus the conditions that determine how it can be used' (Wetherley, P 2008). In more recent years the speed where technology offers affected and transformed the ways in which business' operate. Technology is important since it promotes innovation and continuously helps our economy grow.
Mandsperson Smith (1776) showed how technology can be used to increase monetary efficiency. Because of the rapid advancements of market segments there was an important improvement in productivity of businesses and as a result businesses began to evaluate their production methods and altered these with the launch of technology. The biggest modify was the label of labour between the workforce, this is where production was broken down right into a number of stages with workers only getting responsible for a set activity in their offered production stage. Over time this kind of also resulted in those workers would focus on their provided task, progressively more skilled within their role and as a result increasing effectiveness. (Wetherley, G 2008).
An research of Smith's theory is that;
Physical capital + technical advancement & specialisation of labor & free transact = economical efficiency Totally free market + competition => encourages non-public entrepreneurs => innovation => development of new technology => improved productive productivity => monetary efficiency (Mahtab, T 2012)
Henry Ford became the innovator in the moving manufacturing plant and consequently are an essential aspect of the production function of manufacturing. This method of creation is based on the division of work and that the operate moves to the employees. With the moving production line it also meant job specialisation of personnel in the process they have been given on the assembly line which would also increase productivity as previously stated. By implementing technology and making use of the moving manufacturing plant he was capable of mass develop a car, resulting in lower costs and increased profits. This complete process is actually referred to as Fordism in reputation of Henry Ford.
The Solow growth unit follows the assumption that for development not to slow, it was technological improvement that was essential. Solow believed that within a products your life cycle with the point where maturity is definitely beginning to be realised, technology should be brought to extend lifespan cycle of the product. (Mahtab, T 2012)
The main criticisms of this theory are the fact that technology which will it depends on to induce the growth does not have any explanation as to where it is going to come from and who will spend on this. (Mahtab, T 2012)
New Expansion Theory- technology focusses on individuals or perhaps firms looking for increased income by investing in human capital e. g. teaching staff and developing and adapting existing technologies. For this to job there needs to be openness to trade technology between other folks both domestically and internationally. Businesses ought to continually progress with development and efficiency and the way in which this theory focuses on this can be by R& D.
Once mentioning the impact of technology on organization and competitive advantage it can be impossible to do and so without speaking about the Value String. The value change consists of your five stages;
Incoming logistics include the receiving and warehousing of input components....
Bibliography: IFM. (2012). Assurer 's Value Chain. Offered: http://www.ifm.eng.cam.ac.uk/dstools/paradigm/valuch.html. Previous accessed 11th March 2012
Mahtab, T (2012)
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Porter, Meters (1985). Competitive Advantage
Porter, M (1985). Competitive Benefit. New York: The Free Press. p169
Tenir, M (1985). Competitive Edge
Porter, Meters (1985). Competitive Advantage. New York: The Totally free Press. p170
Sudgen, D (2012). 'Lecture three or more - Technology ', notes from a class distributed inside the topic 9561 Organisation as well as Environment. Manchester Metropolitan College or university, Leeds On 14/02/2012.
Wetherley, P & Otter, M (2008). The business enterprise Environment. New york city: Oxford College or university Press Inc.. p65.
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Wetherley, P & Otter, G (2008)
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