Management of technology

The key to competitivness and

wealth creation
by:Tarek khalil
Chapter II

The role of technology in creating wealth

Presenter :Esmaeil Aalipour

Esfand 89
 Introduction

Strong impact on the technology so that

progress in human civilization has been based
on the dominant technology era, identification
and evaluation is, as the chart next page has
Human evolution based on the age of
technology
Biotechnology age

Information age

Space age

Electronic age

Nuclear age

Age of electricity

Age of steam

Iron age

Stone age
Dow Jones Industrial Average

Dow Jones Industrial Average is an index of

industrial market.
In order to compare the list of transactions
and stock sales and corporate performance
assessment is used.
 The following chart stock market growth in
America during the years 1900 to 2000,
according to Dow Jones Industrial index
shows
 Time magazine Managing deformation of
the digital revolution represents the end of
this century knows.
As the end of the industrial revolution a
century ago that the deformation.
Create wealth

Adam Smith in his book Wealth of Nations

in 1776, analyzing the nature and causes a
strong United Nations has provided the
wealth upon which economic wealth is
created and published.
absolute advantage

Be the best investment to generate wealth

to provide services to every country should
produce goods that they have absolute
advantage.
It means that the goods better than other
countries can produce.
Adam Smith
Doctrine of free trade

And that free trade and market factors, not

government control, to order, size and
composition of international trade and
wealth distribution are determined and set.

Adam Smith
Private property

Featuring the capitalist economic system of

private property (private practices),
production is a market and credit.
Innovation
What our non-scientific manner, we know
economic development necessarily means
taking advantage of ways to generate
resources that have not been tested so far
and also meant to discard the previous
method of using them. Call it Innovation.
 GDP

Growth rates based on changes in GDP per

capita is determined.
When the country will grow economically,
their citizens must somehow live better.
Growth in real GDP per person represents a
material improvement in the welfare of
citizens.
Total factor productivity

Three major sources of economic growth of

each country are: high investment, skilled
labor and technical progress .
Capital

Capital includes equipment, buildings, tools

and improvements made in natural
resources.
labor

labor or manpower is the same source .

Technical advances

Technical advances include improved

techniques and skills development.
long-wave cycle

Through the mechanism of technological,

new technology and emerging growth and
economic development are created.
In economic literature this mechanism as
long-term economic cycles or long-wave
cycle is referred.
 Development of production
technology
Revolutionary Technology-1980

Control theory-1970

automation -1960
Cloning

Digital computer-1950
Operation research
Quality Theory-1940
Material-Handling Systems

Statistical Quality Control-1920

Control Charts

Organizational Concepts-1900
Motion Studies

Scientific Management-1880

Agricultural Society-1880
Industrial Revolution
Important technological innovations
developments

DNA composition 1970

Tunneling
Russian launch of Sputnik satellite
into space 1969-1950
The first human space flight

Color TV 1949-1940
Jet Airways

Flight 1939-1901
Jet engine

Telegraph 1900-1830
Radio

Steam Locomotive 1829-1793

 Technology and national
economy

This technology does not create wealth but

also the effective and appropriate manner
taking advantage of technology that makes
wealth.
 With proper management technologies can
also moderate a clear competitive advantage
and to create an effective way to create
wealth be used.
Asian Tigers
In confirmation of this view, economic
growth can be newly industrialized
countries(NICS), particularly countries that
are called the Asian Tigers countries
,Singapore ,South Korea, Malaysia and
Taiwan noted.