An evaluation of the planning and control system required for technology management in an engineering business

Abstract

Opportunities abound in the Armaments industry is South Africa and abroad. This is probably one of the main reasons why it has grown to almost astronomical amounts in va lu e . Simultaneously, the vast f igures in turnover and profits have attracted numerous competitors into the business. The next factor which has contributed most significantly to the increase in development and manufacture of armaments is of course the need of countries to defend themselves against aggressors. Political unrest , terrorism , border conflicts , war and invasions are the order of the day. All of these events require a show of arms, if not retaliation . In order to satisfy a need for strategic independence, even to a limited extent , countries have insisted on development and establishment of various categories of technologies. During the past fifty years there has been an explosion in the amount of information published in the technology sector. Some highly sophisticated technologies have become commonplace in most technical fields , including the armaments industry . As might be expected, the armaments industry is also greatly influenced by trends and change in the sector of economics, by social and cultural factors , and new legislation. It may rightfully be regarded as a highly volatile , complex and dynamic part of any economy. Under these circumstances the role of technology management in a country and in a business enterprise becomes more important, more difficult , and more essential. To ensure that a large organisation stays competitive, or becomes more competitive, the system of planning and control must be well integrated , kept up to date, and well/managed to fulfil its purpose. For the purpose of this script an investigation was undertaken into the corporate and business systems for technology management in a firm in the local engineering industry . The description covers planning and control theory, system models, innovation and technology management principles , and the theory of forecasting methods usually adapted for technology predictions , Evaluation of the practical systems which are in place and are being utilised , led to a few significant observations and conslusions. The investigation was by no means exhaustive, but was aimed at getting an overview of the corporate and business systems as they operate with in the stated strategic frameworks. It is concluded that technology planning and control systems are well-developed, highly integrated and applied in a top-down fashion . Not all aspects are conducted as efficiently as should be possible. Also, due to the dynamic nature of the industry, effectiveness can still improve for the company. Moves are afoot to meet new challenges and requirements and there is no doubt that the future will see great achievements.