1 / 17

The Market

The Market. Technological Change. Changes in Technology. List as many changes in technology as you can think over the last: 200 years 100 years 50 years 10 years These can be changes that affect business or society generally. How has technology changed our lives?. 200 years ago.

uta-winters
Download Presentation

The Market

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. The Market Technological Change

  2. Changes in Technology • List as many changes in technology as you can think over the last: • 200 years • 100 years • 50 years • 10 years • These can be changes that affect business or society generally.

  3. How has technology changed our lives? • 200 years ago. • Industrial revolution. Machines and engines introduced to allow ‘mass production” through division of labour.

  4. Industrial Revolution

  5. How has technology changed our lives? • In the past 100 years. • Radio (1880/90’s) • Tv - John Logie Baird 1926. • Eradication of Smallpox via vaccine. (1979). • Nuclear power (1934) • The aeroplane 1902 first flight.

  6. How has technology changed our lives? • In the past 50 years. • Video tape, CDs DVDs • Computer technology (CAM, CAD in business) • Mobile phone technology. • Commercial Satellites • Internet • Organ transplants (1964 – First heart transplant). • In the past 10 years. (2000 – present) • Broadband • Wifi / Bluetooth • MP3 • Bio fuel • Airbus • Gene therapy. • Hd TV – Digital switch over 2012.

  7. How technology can be used in business? • 2 ways: • Development of production methods • Development of new products / services

  8. Car Manufacturing. Ford • Model T car • Early version of ‘lean manufacturing’ – Youtube • Today’s car manufacturing equivalent - Youtube • The future of manufacturing. - Youtube • What are the main benefits to the business of using ‘modern’ methods of car manufacturing? • Operations • Finance • Marketing • Human Resources

  9. Technology and Product Development • Currently there is a demand for cars to be ‘cleaner’ and use more environmentally friendly fuels. • The Japanese have produced the H2O car • Ariticle • How will the business benefit from producing this car? • Who else (in business or society) would also benefit? • Can you see any problems with this type of technology being used? For business or society.

  10. Opportunities from Technological Change • Reduce costs. • savings in production mean spending can be increased elsewhere. I.e. marketing. • Streamline production and shorter lead time • Through ICT, robotics etc. • Can improve quality of product / service. • Robots / computers can be more precise than humans and carry out repetitive actions constantly without becoming tired. • Allows business to be more competitive. • Combination of above.

  11. Benefitting from Future Technology • Take a business of your own choosing and think about what ‘future’ technology it may decide to use. • Explain how that technology would be used. • I.e. production methods, integration into final product, use as a raw material etc. • Explain how the business would directly benefit from the use of the ‘new’ technology. • E.g. • Operations Efficiency legislation requirements • Marketing and Sales (Competition, Market Share, Image) • Human Resources (staffing) • Finance (Costs) etc

  12. Are Advancements in Technology Beneficial to All? • Employees • Businesses • Governments • Society

  13. Drawbacks of Technology. • Research – can be costly and time consuming. • Technology implemented may not be successful. • HDVD and Blue-Ray. • Lead to ‘battles’ for standardisation in the market. • New technology may lead to unemployment. • Retraining of employees to be able to ‘use’ technology. • Time consuming and expensive. • The decision to implement technology now or wait a while • Technology is always advancing. Expensive systems can soon become outdated. • Not all technologies are beneficial to all stakeholders. • Eco friendly cars will mean the oil producers suffer. • Mobile technology has had a major effect on BT. • Removed telephone boxes due to lack of use. Non-mobile users loose out. • Post Office closures due to email and electronic banking.

  14. Task • Read IPod case study and complete questions.

More Related