With the recurrent expansion of scientific knowledge and technology in today’s society, new inventions, theories, and ideas are frequently brought into practice. All though new technologies and advancement in understanding of the world around us is crucial to scientific expansion, the outcomes of these ideas aren’t always positive. Mary Shelley’s Frankenstein and the original practices of Eugenics both serve as correlations to vast and ever-growing scientific universe. These two works can be related in their ability to serve as sources of caution during innovation of science. Nevertheless, both Frankenstein and Eugenics can also be dissimilar from that of one another.
Such firms are searching for ways in order to beat up their respective competitors, and this leads them to enroll themselves in more advanced technologies. Oligopoly market structure is best suited for technological innovation. It is so because this market structure has an incentive to innovate in the form of additional profits and because they have the profits to devote to investing in the research and development of
o A tendency to avoid reversing changes even if it was not the best choice o In reality, past expenditures are sunk costs and the organization should use a clean slate to look at new choices, but to the manager, this will come at great personal loss. • This relates to strategy because it is important to understand the effect management has on it. o If a manager will suffer personal embarrassment or a loss by adopting a new (although better) strategy, they are more likely to simply stick with the current course of action. o This can be avoided by assessing and addressing the problems of an organization prior to major investments being made o Implication on strategic choice, as they can act for the betterment or detriment of the organization. o Differences in manager’s preferences are specific to their individual personalities, experiences and situations.
The new changes have been difficult to accommodate within the existing budget and timeline. The client did not take into consideration the fact that, adding new requirements would greatly affect the projects schedule. The legal principle here should be that, companies need to stick to the agreed upon contract clauses and in the event of change like system requirements, the involved parties should amend the contract by revising the relevant clauses to capture the new terms and conditions. In simulation, performance and delivery schedule disputes were resolved by agreeing to revise the terms that included recruiting and scaling up the team members on the Span Systems side in order to speed up the delivery schedule. The quality issue was to be addressed by
The new product may be able to use current technologies or a new technology may be presented and the new product is the outcome. The new product may offer a radically new way of doing something it may simply be an existing theme. For example, David Packard created an information processing and scientific instrumentation empire. Hewlett Packard is based on the advanced knowledge obtained from scientific developments.
Benefits of Innovation and Change To fully understand the benefits of innovation and change, we must first understand what innovation and change actually are. The Oxford Dictionary then defines change as “an act or process through which something becomes different. O’Sullivan describes innovation as something “helping organizations grow…Innovation is the process of making changes to something established by introducing something new” (http://www.sagepub.com/upm-data/23137_Chapter_1.pdf). There has always been the need for organisations to change, update and improve but now more than ever given the world’s current economic situation and the need to more than satisfy market needs. First an organisation must recognise their need to change a current process, their equipment, structure or any other possible thing to change.
As this manner of knowledge management is not efficient and outdated it is suspected to be the main cause for loss of sales. Objective Our objective is to provide recommendations to improve the current knowledge management system by providing available options and suggestions. Current system Basic system in place for accounting functions, but no available procedures available for the collection and tracking of essential customer information. Desired Outcome For Dooright Enterprises to have an up to date knowledge management system in place, including updated software for accounting and point of sales and software for tracking important customer information. Action Required * Install new and up to date software to keep accounting functions efficient * Install software for keep track of customer information * Implement new procedures to knowledge management Gap Analysis Identified Gaps in system performance | Potential Solutions | Priority for action | No system in place for tracking customer info | Install best suited software | Needs to be implemented immediately for best results | Update accounting system | Review and install up to date software |
Although there are always new discoveries, theories that were once thought to be unchanging are being challenged. The breakthroughs that are then made due to these challenges, created through observation and experiment, are what shape knowledge and truth. Knowledge and truth are also gained through the analysis of the experiments’ results. Through this process theories and hypotheses are either supported or falsified. Even falsified theories allow for information to be gained by the revision of hypotheses and design processes (Jackson, 2012, p.22-23).
Brave New World Most people would think that advancement in the scientific fields, new discoveries, and advance technologies would be beneficial to society. Technology is particularly known to have contributed to making our lives easier. With technology such as remote control and the robotic vacuum cleaner, people just have to lift their finger and technology would take care of the rest. However, the Brave New World, by Aldous Huxley, predicts a future overpowered by technology that strips people of their own thoughts and identity. Huxley is trying to warn readers that scientific advancements can be a threat to society.
This advantage is most especially important in the technologies sector, in which a definitive product of specific design or purpose sets the standards for which other organizations can find most difficult to match. Though designs may be similiar in style, the cause of entering into an untapped “arena” may provide unparalled precedence in the industry. Additionally, being a first mover provides the organization the ability to set pricing at whichever value suffices its tactical goals (primary goals), as well as an enhanced demand for a rather new and innovative product. However, the problem with being a first mover is actually based upon the contrary to what is mentioned above. Without prior market penetration of an organization’s competetitors, the usefulness and effectiveness of properly marketing a new product or service can be quite burdensome.