TECHNOLOGY AND ECONOMY

Group’s Name: Resurrection

Group’s member:1.PETER CHIN WANN CHIT

2.AILEEN JONG SHEK AN3.LOW CHEAU MING

4.OOI PEIH SHIA5.WOON CHIN ONG

USM believes that it can play a role and contribute to sustainable development vis-à-vis the generation of human capital, acting as a source of expertise through research and consultancy, by bringing

together talents and elements for sustainability, adopting best practices through on-campus management and development activities to undertake strategic planning, building design, waste control, and

water and energy efficiency practices.

From USM@APEX:

Abundance, sustainability and efficiency are the

enemiesof

profit

According to Peter Joseph,

Problems & Scarcity=

Profit

Job opportunity

By : Chin Onn

• Technology can be used by the little people to complete the big amount of work .

• It mean the technology reduce a lot of worker

• For examples, manufactures

By : Chin Onn

• The technology can create the new opportunity

• For an example, computer repairer

• Beside that, there are a lot of people required for R&D

By : Chin Onn

Uncertain future

By : Chin Onn

Computer

Changeable and universal

Internet

Knowledge can be worldwide

Changing opinion and knowledge with other

country

By : cheau ming

• Creation of computer – life easier get information just a click

• In past, go to library research to get information that they want

• High technology century -- tools

• Advantages

-- doing the assignment or task

-- presentation

-- exchanges their notes and opinion via computer from different university

lectures

students

By : cheau ming

Increase quality Increase quantity

higher profits

By : Aileen

-the existence of higher profits can subsequently be followed by three

effects:

1.The firms in the industry can keep some of the increased profits for

internal use (additional investment, etc.), or distribute a part of it to their

owners or shareholders;

2.The firms can decrease the prices of their service (or products) to the

consumers, or—they may increase prices by less than they would have in

the absence of productivity increases.

3.The firms can provide higher compensation to their employees—in the

form of higher wages and/or fringe benefits.

By : Aileen

-while some inputs will be of improved quality or there can be changes in production arrangements.-the same output can be produced with fewer resources.

-more output can be produced with the same quantity of inputs.

By : Aileen

waste

By : ops

•Technology today evolving very fast. We can observed that from before people walking. Slowly replaced by motorcycle, car and aeroplane.

•Sometimes we haven’t fully control the old technology, scientist had invent a new technology.

Source:www.fotosearch.com

•It is caused by the demand of the people. They demanded for new products which is convenient and high-tech. Example hand phone today besides have main function to call and sms but it also can surf net, play games, and watch video.

•Because of the demand from the people, scientist try to fulfill our requirements. The old technologies will replaced by the new invented technologies.

By : ops

Source: photographer.org.uk www.panasonic.com.my

The old product The new product

This phenomena will created a lot of waste which is refer to the old products. I am sure that students in this classroom have been changed handphone before. So, are you using the old handphone or you have dumped it? These old products become the stock and fill up the factory inventory become a waste.

Source: www.nokia.com.my www.nokia.com.my

The old product New product

By : ops

Another strategy which USM will follow to realise this sustainability-led growth is the “Blue Ocean Strategy” which is proposed by Kim and Mauborgne (2005) as entities to propel itself toward unknown market space (hence the blue ocean) which is untainted by competition. “Blue Ocean” is analogised as the deeper potential of market space that is yet to be explored and this requires institutions to expand their existing boundaries and change the rules of the game which, in turn, will render competition irrelevant.

Another text from USM@APEX:

Because, Competition = wasteCompetition = inferior productsCompetition breeds monopoly?!

competition make people to stab each other from behind.. (Red Ocean by 1B)

But, doesn’t competition too have positive point?

It can :

Motivate people

Give us various product and choice for us to choose..

-By Peter Joseph

Thank You