POSTECH Technology What is it ? Sept, 2012 POSMIS Lab Technology-1 Four characteristics of technology Opportunity Appropriability Transferability Resources Types of technology Base Key Pacing MOT links engineering, science, and management disciplines to plan, to develop, and to implement technological capabilities to shape and accomplish the strategic and operational goals of an organization 2 POSMIS Technology-2 Relationship of technologies to scientific and engineering knowledge and to products process Products Technologies Engineering and scientific knowledge 3 Continuous sheet extrusion of thermoplastics PVC polymer sheet PVC molded parts Formulation of PVC resins Extrusion of thermoplastics Free radical chemistry polymer rheology vinylchloride chemistry POSMIS Technology-3 The ‘technical system’ of the early 19th century 4 POSMIS Technology-4 Science, technology and industry : a few examples Problems to be solved To produce energy while reducing the dependence on imported oil 5 Scientific fields Existing techniques Technology • Nuclear physics • Science of heat • Transformation of thermal energy into electrical energy • Nuclear electricity To balance the brake system according to the grip of a vehicle’s wheels on the road • Fluid mechanics • Strength of materials • Conventional brake system technique • Microprocessor data analysis • Transmission sensors • ABS brake system To obtain a photographic print right after taking the photograph, without having the film processed by laboratory • Optics • Chemistry • Miniaturization • Isolation of chemicals • Polaroid process POSMIS Technology-5 The pace of technological innovation Photography (112 years) Telephone (56 years) Electronic Engine (65 years) Radio (35 years) Vacuum tube (35 years) Television (12 years) Radar (15 years) Nuclear reactor (10 years) Atom bomb (6 years) Transistor (3 years) Solar battery (2 years) 1720 6 1740 1760 1780 1800 1820 1840 1860 1880 1900 1920 1940 1960 POSMIS Technology and Competition -1 Technological evolution and industry growth potential EMERGENCE Emergence of a new industry as a result of a technological innovation E.g.: Microcomputers, biotechnologies Technological Innovation Growth External Internal Industry A (Formation of progress) A Time REVITALIZATION Existing industry gains new growth potential as a result of a technological improvement in the production process or the product itself E.g.: Laser cutting of textiles (process), electronic toys (product) Growth External Internal Industry B B Time 7 POSMIS Technology and competition -2 Technological evolution and industry growth potential (cont’d) Growth SUBSTITUTION Emergence of a substitute product contributing to the decline of an existing industry and the growth of a new industry E.g.: Transistors v. Vacuum tubes, Laser discs v. LPs E External Internal Industry D D Time Growth DECLINE Growth potential of existing industry declines as a result of a technological innovation concerning the very nature of the product E.g.: Greater resistance of rubber in the tire industry External Internal Industry C C Time 8 POSMIS