Innovation and Technology Management Essay Example | Topics and Well Written Essays - 3000 words

Innovation and Technology Management - Essay Example Finally in the last context, the essay will analyze the rapid growth of technological advances of companies that often tend to favour them, but not the individuals of the society. It would not be possible to achieve such perilous economic growth in today’s world without the essence of technological improvement. The learnt from the essay will help to analyze the evolution and modernization of the state of economic affairs in the contemporary commercial world. Situation Analysis Question 1: Discuss all elements of ‘The TQM Philosophy and its possible impact of each element to your university or college? What might be the benefits? Total Quality Management Approach is a special management segment that primarily concentrates on the quality-related attributes of an organization. It is also based on the participation of the individuals in an organization for long term success. For a corporate organization, quality management can be achieved by attaining customer’s satis faction and maximizing the society’s welfare. In the current epoch, TQM philosophy is related to the task of managing a commercial or a non-commercial organization in a manner that the concern can effectively and efficiently cater to the satisfaction of the stakeholders without altering the ethical values. The primary elements that are involved in TQM are factors that are related to customer-focusing, employee involvement, process-centred, integrated system, strategic, systematic, continual improvement, fact-based decision making and communications. In this era of ‘consumerism’, the ultimate decision makers to analyze the nature or quality of an organization are the customers. Regardless of improvements made by a firm in terms of its different factors of production, the... The essay will throw light on the types of intellectual property rights available to the companies. The essay would use at least three illustrations for each type of property right. Property rights are indispensible business facts today as they are the norms that protect the competitive rights of the companies in the market. The essay will analyze the rapid growth of technological advances of companies that often tend to favour them, but not the individuals of the society. It would not be possible to achieve such perilous economic growth in today’s world without the essence of technological improvement. The learnt from the essay will help to analyze the evolution and modernization of the state of economic affairs in the contemporary commercial world. This article makes a conclusion that that the state of business affairs in the modern days have changed to a large extent. The contribution of TQM has been priceless in the commercial field. Business firms have benefited from TQM elements to such an extent that the managers of the educational institutes are also willing to govern on the basis of the primary elements of TQM. It is believed that quality management in the higher educational institutes would help to nurture efficient individuals, who would facilitate the promotion of the growth in the economy’s commercial sector. Today, the business firms have highly developed in terms of business operations, but this progress is largely boosted by the protection of the intellectual property rights.