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Impact of modern technologies
Impact of modern technologies
Impact of advancement of technology
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Research and development is an important process for business today. Consumers needs and wants are always changing and so it is vital for the business to meet these demands with R&D to hopefully exceed customer expectations. It is also important for businesses to keep with advances such and technological and medical. Otherwise they will be left behind in the competition.
As before, R&D is very important and relies on market research information. After the research the company has to have good confidence that the product is fit for sale before they produce it. If not, they will lose money due to the large cost of production. The product specifications vary depending on consumer needs, wants and competition from other firms. For example Sony have released the smallest minidisc in the world which creates competition and also covers the consumers wants/needs.
Improving the operational processes, developing new ones and developing new/improved products are part of the research and development commercial function. R&D should be looking at two areas, which are to:
A) Take as much care for the environment as possible.
B) Make use of materials in the most efficient way.
By doing this they must calculate their costs and make sure they can do the above without getting into debts from the costs they produce. The businesses labs keep links between the universities so that they can exchange research findings wh...
The next step is the growth stage. In this stage product growth is monitored and big investments are made. Maturity stage the growth of the outputs is significant. For the company to ensure product survival in the market and gain a competitive advantage over competitors it has to incorporate product differentiation. The final stage involves product decline stage. In this juncture product sale goes down and the product identification
Over the course of history, Japanese life and culture has been significantly influenced by the strong presence of Shinto, Japan’s native religion. From politics to social structures and beyond, Shinto can be found in every aspect of Japanese life. As of 2003, approximately 50% of Japan’s population adhere to Shintoism, which is roughly 106 million Japanese citizens (Hartz). Shinto is a polytheistic religion that has many deities known as Kami. Kami are everywhere in everything that occupies the Earth. Furthermore, Shinto does not have a known founder or central figure like many world religions, such as Christianity, Buddhism, or Islam. Shinto also differs from other world religions through which it does have a fixed scripture or holy book,
Shinto is an indigenous belief, by the Japanese, that they were to worship “...the sun,
Confucius, a teacher and musician, constructed Confucianism on the proper conducts of the five relationships. He thought if we perfected the relationships between ruler and subject, father and son, husband and wife, older brother and younger brother, and friend and friend people would be able to restore the order that China lost after the warring states period. Filial piety, or respect for
Reaching harmony with the world is important in Confucianism (Confucianism.pptx, 4). Confucius placed an importance on harmony in the family, he believed that it lead to a better society (Wilkinson, 242). Harmony starts at the top. The ruler has to give sacrifices to heaven “to insure his mandate to rule” (Confucianism.pptx, 5). These practices were already around before Confucius, he did however support many of the old traditions (Confucianism.pptx, 13). Taiji, the ultimate reality, “is an unknowable absolute force that orders the universe” (Wilkinson, 242). People believe that with enough meditation, contemplation, mental discipline and the pursuit of knowledge can lead them to a “unity with Taiji” (Wilkinson, 242). Like in Daoism, Confucianism believes in yin and yang (Wilkinson, 242). Followers can reach harmony in two ways, li and ren. Li is “epitomized by the behavior of the ancient sages in the Five Classics” and includes a balance between ceremony, rituals, and manners (Wilkinson, 244). Ren is about right human conduct, “goodness, love, humanity, and generosity” (Wilkinson,
Shintoism is the indigenous religion of Japan that focuses on the worshipping of ancestors and nature’s elements. It is a religion that can be traced back to japans earliest history. Buddhism which developed in Northern India, revolves around the idea of being enlightened by the teachings of the Buddha. One of the fascinating things that these two religions have in common is how the teachings of these two religions focus on having the individual follow a certain set of rules where individuals grow and become
Keeping business and other organizations doors open for business is our function and we accomplish this with many tools. Research is our most deadly weapon against business and organizational failures. After our company takes a thorough and objective audit of the business, we then make recommendations for what should be done. Our company however also tries to be proactive and innovative with our recommendations in hopes to get a first mover’s advantage on the competition.
The meaning behind the name “Shinto” is “Way of the Gods” and stands as the traditional but also ancient religion of Japan, created by the Japanese.. Once Buddhism was brought into Japan, Shinto became its own distinct religion. Although there is no clear definition as to when Shinto originally began, it is believed that in between the 4th and 6th centuries BCE Shinto had begun to define itself. Even then, the name “Shinto” was not associated with the religion until the 12th century. Unlike most religions, Shinto regards all natural things as spiritual, and thus has no founder nor sacred scriptures. Though believers refer to the spirits as “Kami”, which translates to “God”, the Japanese “Kami" and Western “God” are different, there is no one
...&D capability was not supported by their ability to efficiently produce and market the innovation. Since the R&D is separated from production and sales, it was not market-oriented enough. The limitation of sharing local market knowledge also leads Philips to its inability sell the excellent innovation that R&D has developed. Seeing this as opportunity, Japanese companies able to combine Philips invention with their mass-market production ability and successfully became the leader in the market.
emerging or new market. It can originate from new technology or new market opportunities (Eliashberg, J., Lilien, G. L., & Rao, V. R. 1997). Literature defines product development as exploiting an untapped market opportunity and turning it into a value product for customer satisfaction. Development and introduction of a new product requires extensive research on understanding customer needs, market structure, emerging trends and analysing the internal & external competitive market environments. To evaluate customer satisfaction previous researches provide strong relationship between customer satisfaction and product quality, product features and value for money. ***
Expansion of the technology trends hit the industry with another blow, consumers became “innovation-hungry”, constantly searching for new, cutting-edge products, which means a lot of investments in R&D for the industry players.
Shinto, the indigenous religion of Japan, survives even to this day and lies at the basis of Japanese society. Shinto played and continues to play not only an enormous role in general Japanese society, but also regarding the roles of women both in general society and the society within traditional Shintoism.
High R&D costs – To come up with a better or a substitute product with better added features it requires great deal of investment in research and development which can be very risky because if the product fails then the costs incurred are sunk costs and cannot be recovered.
Setting goals for Process, Cooperation of the Process, Combination of the ideas, Evaluation, Testing ideas of Innovation Process, Execution of Implementing Innovation Process ,Estimation of lifecycle.
Managers should take note of the value in inquiry, development, and forecasting future technological innovations in order to keep ahead of their competition.