To What Extent Is Embracing Technological Change The Most Significant Factor In The Future Success Of UK Manufacturing Businesses
To what extent is embracing technological change the most significant factor in the future success of UK manufacturing businesses? Justify your answer with reference to your own research and the item above. (40 marks)
Technology is the application of scientific knowledge for practical purposes, especially in industry. It can be argued that skills and other factors are considerably more important than technological change, for the future success of UK manufacturing businesses. Yet I disagree, I view technological change to be the most significant. In this essay, I am going to talk about several companies in which technology is vital.
Firstly, within the Food sectors, technology is absolutely essential. This is due to the need to adapt,
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For example, robotics for painting to be quicker, allowing for change to happen in the shortest possible time, again reducing time wastage. With this reducing costs, it means that these increased levels in profits can lead to future product development, such as giving more investment to R&D to become more innovative, thus gaining a competitive advantage. The R&D may lead to investments into such technologies as Green Technology, which encompasses a continuously evolving group o methods and materials, from techniques for generating energy to non-toxic cleaning products, thus allowing products to be more sustainable. By doing this it allows for companies to meet the needs of society, which can continue into the future without damaging or depleting natural resources. Already, green technology is playing a massive part in Uk manufacturing, with the £60bn a year industry managing to save nearly 180,000 tonnes of CO2 in 2012. Toyota are leading the way for Green Technology in the UK, with their production plant situated in Wales. They produce the Prius, which, has near to zero emissions, which offers incentives from the government, such as lower road tax. Green Technologies have broadened the visionary design of the car of tomorrow, which if the UK wish to be market leaders, with a large customer