4. Change and Development
Technology forces changes on people whether they are prepared for it or not.
Business organization must always watch out for changes and developments taking
place around.
New developments adopted and New ideas explored lets the Business
flourish earliest.
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5. Widespread effects
The effects of the technology are widespread.
It effects every community of society
It ‘s evolution is far beyond our expectations
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6. Self Reinforcing
Technology feeds on itself and acts as a multiplier to encourage its own faster
development
Technology brings in more technology
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8. Technology and Society
Ever growing expectations of the Consumers can be met with Technology.
Technology is converting the complicated systems in to simple ones
Technology advancements tends to remove the social differences
mainly between men and women
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9. Technology and Economy
It transforms people into professionals and create more upgraded
job opportunities
It creates a great demand for capital investments
Some organizations may disappear due to non-adaption of technology
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10. Technology and Organisation
It has a great impact on organizational structure
In organizations the effect of the technology can be seen in
Total quality management
Business Process Reengineering
Flexible Manufacturing Systems
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11. Transfer of Technology
It is the process of acquiring ‘know-how’ essential for the
Socio-Economic development of a Country
The TT may be broadly classified in to two:
- According to the nature of the TT
- According to the nature of the instrument used for TT
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12. According to the nature of TT
1. Simple direct sales of Technology: (a) Embodied TT refers to sale of Capital
Goods or deputing the Technical People to render their services.
(b) Disembodied TT refers to the licensing of Process/Product technology.
2. Process packaged sale of technology: Supply of machinery for a complete
industrial process
3. Project Packaged Sale of Technology: Supply of necessary machines and
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licensing Brand names etc…., for a project.
13. According to nature of
Instrument used
-TT by the flow of Books, Journals, and other published information.
-TT by the movement of people – immigration
-TT by foreign investment
-By the import of Machinery and Equipment
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14. How MNCs go for TT
-Branches
-Subsidiaries
-Joint ventures
-Franchising
-Turn key projects
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