of
TECHNOLOGY
The Key to Competitiveness and Wealth
Creation
Copyright 2012 by The McGraw-Hill Companies, Inc. All rights reserved.
Competitiveness
INDIAS COMPETITIVENESS: A
FEW INDICATORS
MANAGEMENT OF
TECHNOLOGY AND GLOBAL
COMPETITIVENESS
MANAGEMENT OF TECHNOLOGY
AND GLOBAL COMPETITIVENESS
(Contd.)
MANAGEMENT OF TECHNOLOGY
AND GLOBAL COMPETITIVENESS
(Contd.)
MANAGEMENT OF TECHNOLOGY
AND GLOBAL COMPETITIVENESS
(Contd.)
MANAGEMENT OF TECHNOLOGY
AND GLOBAL COMPETITIVENESS
The Case of Japan
(Contd.)
MANAGEMENT OF TECHNOLOGY
AND GLOBAL COMPETITIVENESS
The Case of Japan
(Contd.)
MANAGEMENT OF TECHNOLOGY
AND GLOBAL COMPETITIVENESS
(Contd.)
MANAGEMENT OF TECHNOLOGY
AND GLOBAL COMPETITIVENESS
(Contd.)
A COMPARISON OF
INTERNATIONAL
COMPETITIVENESS: ECONOMIC
INDICATORS
The economic performance
of a nation is commonly expressed
Source: IMD
International,
1999, 2011.
COMPETITIVENESS: THE
GAME OF NATIONS (Contd.)
Support R&D activities
Encourage creativity and entrepreneurship
Vigorously participate in international debates on technological
as well as trade issues
Predict the social and environmental consequences of
technology and develop appropriate public policies to deal with
them
Develop strategic alliances with compatible countries to enhance
technological progress and strengthen trade partnerships
COMPETITIVENESS OF FIRMS:
THE MICRO LEVEL (Contd.)
At the firm level, management must develop a strategy for
competing. Some are:
Offer products or services desired by a customer
Achieve technological superiority in (a) products, (b) process, (c)
service, and (d) marketing
Concentrate on quality of product or service
Reduce cost and/or price
Be first to market
Reduce the product development cycles time from concept to market
Create and target niche markets for products
Eliminate waste
Build in flexibility to change
COMPETITIVENESS OF FIRMS:
THE MICRO LEVEL
To become or to remain competitive, firms must be able to:
Develop a culture in which the value of technology as a strategic
competitive weapon is fully appreciated
Monitor and forecast technological changes
Develop and adopt effective methodologies to measure the impact of
new technologies on their business
Facilitate the implementation of new technologies in their operations and
build the infrastructure or migrating from one technology to another
Prepare, train, and hire the proper workforce to implement the new
technology
Develop an organizational structure that permits effective and efficient
implementation of technological changes
Develop an appropriate reward system for employees and managers
COMPETITIVENESS OF
FIRMS: THE MICRO LEVEL
(Contd.)
COMPETITIVENESS OF
FIRMS: THE MICRO LEVEL
(Contd.)
COMPETITIVENESS OF
FIRMS: THE MICRO LEVEL
(Contd.)
WEBLINK
ears.pdf
http://www.imd.org/research/publications/wcy/upload/20y