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Investments in Technology
Increasing Investment in Gasoline Production
As a leader of any corporation or organization that faced the decision of whether or not to invest in the continual improvement of processes and systems that would make gasoline production more efficient, I would. In making this decision, the fluctuation in gasoline prices attributable to the unique oil market dynamics would be of secondary concern relative to the streamlining of the value chain the entire industry is based on. From the initial mining and exploration to the refining and sales of oil-based products including gasoline, there is significant room for improvement at the process and system level. Concentrating on process flow-based manufacturing analysis there are many opportunities in any company to see significant gains from business process management and business process re-engineering (Lin, Fan, Newman, 2009). These gains in efficiency can be driven first through process improvement and re-engineering with technologies integrated into these processes secondarily. By taking this approach the processes themselves will be as efficient and automated as possible. Take for example investments in quality management as part of the industry-wide supply chain. Process re-engineering of these areas could dramatically reduce the amount of shortages and overages in the supply chain of not only gasoline but the key chemicals and raw materials necessary for its production. Second, the processes of gasoline refining could be made more efficient through process re-engineering and then automated to make them more cost effective over time. The bottom line is that the fluctuations in gasoline prices should not be a decision factor in investing in improving gasoline production efficiency. Rather, the continual pursuit of greater efficiencies in the entire process of gasoline production must first be considered if the entire industry is going to stay profitable and have the potential for longer-term growth. (Lin, Fan, Newman, 2009)
Huiping Lin, Yushun Fan, Stephen T. Newman. (2009). Manufacturing process analysis with support of workflow modelling and simulation. International Journal of Production Research, 47(7), 1773. Retrieved March 6, 2009, from ABI/INFORM Global database. (Document ID: 1645330821).
Investment and Portfolio Analysis With the increasing economic downturn in the economy, the need of investment has increased considerable. The potential investors generally foregoes their current leisure and earnings and investment their earnings and expect to earn benefits in future for the same. For analyzing the investment, we have taken into consideration a hypothetical investor who has $50,000 which needs to be invested in different, in different assets. Investment is one of the
Instead, organizations must strike a balance between the autonomy and independence offered by technology in the workplace and the need for employees to have some level of formal and informal commitment to the organization as a whole. Just as seemingly counterproductive activities such as doodling, daydreaming, or, in the information age, surfing the internet, can actually contribute to efficiency by offering employees productive mental stimulation, so too can the
Technology in Training of Employees In what ways has technology impacted the way(s) we train employees? The changing nature of the workplace environment brings with it a vast field of challenges in the organization. The aspect of the change being rapid makes the situation require adverse and quick reaction from organizations to ensure they remain on course towards their objectives. Thus, rapid change in the workplace brings with it the necessity for
Technology and Social Responsibility The objective of this study is to answer the following three questions: (1) What are three major factors fueling international technological growth? Explain the ways in which those factors impede or support corporate social responsibility. (2) What major corporate social responsibility issues arise out of the use of technology and scientific research? And (3) Compare and contrast organizational self-regulation vs. governmental regulation on issues such as eugenics,
As a result, it can be said that the workplace of the modern world has changed beyond recognition with the revolution brought by the technological advancements. The technological transformation in the last two decades has been drastic and this trend will continue for the next many decades as robots are increasing replacing jobs that require the engagement of repetitive, customized actions. There are a number of jobs that are at
Technology Business Processes Technology Mediated Organizational Improvement: Spotify's Marketing Mix The proliferation of the personal computer, the high speed internet connection and the personal listening device have all have a dramatic change on the way that consumers acquire and use music. The inception of digital media and file compression has changed the rules of music acquisition for the artist, the consumer and the retailer alike. For the consumer, the acquisition of music