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Effective Decision Making Entity for Production Technology Development
According to reading the firm situation that it is facing is chosen one type of production
technology over the others and under what circumstances is the one type of technology is more
effective than the others. However, the company management faces many trials and decisions on
a day-to-day basis in the global marketplace in their determinations to keep their company
competitive. Companies understand the risk and reward associated with engaging in these types
of projects and must understand the impact on their company’s current and future states (Kim,
2005).
Companies use metrics to monitor, measure, and manage the different processes within their
operating system. They must also determine the project leadership structure with this information
in mind and understand the “layering” that exists in the decision-making process for these types
of projects (Kim, 2005).
There are many influences that can impact technological projects. One of these is the level of
management complicated in the development. The decision-makers range from top management,
middle management, supervisors, and down to the operators on the shop floor. The participation
by all these parties is critical to the success of the project from planning, execution, and
integration of the new technologies into the functioning processes for the company.
According to this case study, by looking at data analysis from 22 manufacturing plants using 83
technological missions, substantial statistical propositions formed that correlated to the project
consequences. These propositions support the three components of effectiveness of technology
development. These components are technology choice, technology mechanism, and decision
entity.
As underlined by the World Business Council on Sustainable Development, business
“understands technology transfer to be technology diffusion, a means for the deployment of new
equipment, products, processes or knowledge, previously not accessed by a recipient country”,
adding that “the private sector diffuses technology on a commercial basis every day”
Another challenge in the technology discussions concerned how to meet the diversity of
technological ‘needs’, as technologies tend to be country and sector specific. This diversity
makes it particularly challenging to devise eeffective international arrangements that can address
the needs of a large heterogeneous grouping of ‘developing countries’, which in reality
encompasses middle-income countries with advanced technological capabilities but also a
large number of Least Developed Countries (LDCs).
Corporations must look at all four propositions presented and must develop the precise
combination of personnel, resources, structure, and decision-making to ensure they are able to
combine the benefits presented in each. Production technology development projects involve
participation, input, and decision-making by top management, middle management, supervisors,
engineers, foreman, field workers, and operators to be effective. There should be overlap within
the project framework to ensure “organizational involvement” and project success.

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Effective Decision Making Entity for Production Technology Development According to reading the firm situation that it is facing is chosen one type of production technology over the others and under what circumstances is the one type of technology is more effective than the others. However, the company management faces many trials and decisions on a day-to-day basis in the global marketplace in their determinations to keep their company competitive. Companies understand the risk and reward associated with engaging in these types of projects and must understand the impact on their company’ ...
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