Assignment on Current Information Technology Example | Topics and Well Written Essays - 1250 words - 1

On Current Information Technology - Assignment Example This essay seeks to examine the use of research and development program in enhancing the operations of the firm in line with the firm’s strategy (Jacques & Fabrizio, 2014). As a point of departure, management of technology consists of management of research, products and development of processes. In essence, research development aims at expanding the company’s grasp of science and engineering skills and its relevant applications. Effective technological management needs integration of the process development and manufacturing engineering (Jacques & Fabrizio, 2014). This aspect of integration is common in the Japanese industries and it is immensely attributed to high-level manufacturability, with cost and quality effectiveness. Managing an R&D program in an efficient manner, a company must have a coherent product and market strategy. It is realizable that, the level of strategic attentiveness in one or more product- market. For instance, the strategic focus of the R&D program in managing the technological processes of the firm is to increased improvements in value, performance, quality and cost (Jacques & Fabrizio, 2014). This brings the difference between manual or physical firms’ strategy sustenance and the technologically sustained. The technologically based strategy management contributes immensely to the achieving of the firm’s objectives and helping in sustaining the market share and profit margins and this leads to high cash flows thus creating a competitive edge in the market niche. On the same note, the R&D program plays a fundamental role in replacing an existing product with a new one in the market. The role entails immense depths of improving functionality and lowering cost. In comparison with the manual replacement and managing of a replacement process, the technologically based management system oversees a smooth transition and ensures that, the rest of processes in the firm are not disrupted (Mario, Margherita &Massimo, 2013).