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Technological progress is a process of replacement and renewal, which implies for new technology to add value, it must make pre - Essay Example

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TECHNOLOGICAL PROGRESS Class Code: November 21, 2011 Table of Contents 1 Table of Contents 2 Introduction 3 Manager’s Perspective on Technological Progress 4 Reaction of managers during technological progress 5 Conclusion 7 References 8 Introduction It is worth noting that technological progress is effectively defined as a process of replacement and renewal of existing technologies, this means that, if new technologies have to add value, then they must make formerly unknown things possible, rather, they have to make the older technologies obsolete…
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"Technological progress is a process of replacement and renewal, which implies for new technology to add value, it must make pre"

Download file to see previous pages For instance, this was evidences in the 20th century when the agricultural technological process shifted the agrarian revolution to an industrial production workforce in the US. As a result of the progress, US farmers significantly lost their vocation as well as career even if the productivity per acre was enhanced dramatically and the production volume, which amplified with technology. In such situation, farmers are therefore what the industry would refer to as ‘tech-losers’. As the technology ubiquity spreads development worldwide, it usually establishes two categories of people: tech-winners as well as tech-losers. Tech-losers in most cases of cannot be incorporated into the changing technological environment. Many are the times they fear losing their jobs as well as their lifestyles as a result of technology progress (Sood and Tellis, 2005). This per evaluates the whole aspect of technological progress with a clear focus on the manner in which a manager would think about the situations if they occur in a mid-sized company. It also evaluates various ways in which managers might try to resolve the issues that arise in the process as well as the indicators that would guide them. Manager’s Perspective on Technological Progress Technological progress is a very paramount issue that managers often evaluate in their companies. Often, with technology surfacing at breakneck speed, it is becomes apparent that no single manager would predict what's around the next corner. More importantly, a particular type of technology has to be forgotten if innovations are made. Nevertheless, life circle remains constant. Usually, when a novel high-tech establishment is born, the older one has to die. Sood and Tellis (2005).established that at times, the loss is a good thing because it brings easier way of doing things as well as elevating companies’ profitability. Nonetheless, sometimes, the departure swirls bittersweet feelings especially if the IT employees had been used to a particular mode of operations. As an IT/IS Manager, major concerns include embracing a system that do not lead to significant errors, curbing identity theft through hacking as well as enhancing workers cooperation among others. Often, IT managers in companies construe technological progress as a path which has one-dimensional as well as with milestones on it. Research indicates that managers agree that the process helps everybody to crosswise especially if one has the intellectual capacity to do so. However, they take this not to be an accurate description. For instance, taking into consideration a flat plane which has two dimensions and without milestones, one would notice that there are outstanding points of accomplishment spotted all over it. Overlay on such a flat surface would be a structure of a branching tree; which signifies culture's progress. Often, culture begins at some point in lieu of its preliminary conditions. Therefore, as it moves, it has to touch on some of the potentials on the flat surface but not all. This implies that is a possibility of getting a new technology which becomes successful replacing an old one. For instance, after innovation, Boeing 707 ...Download file to see next pagesRead More
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