L1-issues Of Technology In Industry Ind

  • November 2019
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  • Words: 294
  • Pages: 12
Issues of Technology in Industry • • • • • • • • • •

Science Technology Engineering Industry Macro-economic environment Micro-economic environment Production Manufacturing Stakeholders Goals

Science • • • • • •

Pure sciences Applied Sciences Pure research Applied research Scientific inventions Science education

Technology • • • • • • •

Applied science Application in industry Evolution Appropriate technology Environment friendly R & D and innovation Technical Education

Engineering • • • • • • •

Working systems/contrivances Usable product Re-engineering Innovation Commercialisation of technology Engineering Education

Industry • • • • • •

Agriculture, Industry and services Manufacturing for trading Support for agriculture and services Industrialisation Value addition (gross & net) Creation of wealth and well-being

Industrial History (Sri Lanka) • • • • • • •

Traditional industries Colonial era Post-Independence Nationalisation and government Economic Liberalisation Peoplisation / Privatisation Foreign Investments

Macro-economic environment • • • • • • • • •

Aggregate economic behaviour Goods Money Labour markets / unemployment Real incomes Savings Investments Growth Balance of payments

Micro-economic environments • • • • • •

Individual person, firm, industry Utility value Price mechanism Competition and monopoly Demand and supply Theory of firm / production functions

Production • • • • • •

Design function Product design Process design Manufacturing function Management of production Globally dispersed manufacturing

Manufacturing • • • • • • •

Generic processes Technologies New materials Mechanisation and Automation Economics Information Technology Advanced Technologies

Industry Stakeholders • Cluster – Ministries – Trade Associations/ Chambers – Universities and training Institutes – R & D organisations – Facilitating organisations – Funding organisations

• Need for Networking

Ultimate Goal • • • • • • •

Profits Growth Development Competitiveness Standards of living General Well-being Peaceful world

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