Bossard is a hardware international conglomerate that specializes in the development of fastening technology and devices. It also uses a wide variety of smart and sensor technology to achieve a competitive advantage. It plans to utilize “smart factory” logistics and verge into various new sectors or initiatives where their innovative approach may be useful. Bossard Company’s Business Model Originally, Bossard was founded as a family-owned hardware store in Switzerland. It sold various small hardware and fastening products which consist of bolts, screws, rivets, and nuts. It then expanded to a regional, national, and international level in the $72 billion global fastening industry. It has continued to expand and experience profit with a 15% increase in sales year over year. It has over 70 service locations, 35 logistics centers, and 10 applications engineering laboratories. Bossard went from serving local individual consumers and regional businesses to cooperation with international industrial companies. It Continue reading
Business and Technology
Case Study: IT Infrastructure Library (ITIL) Adoption by Disney
The Walt Disney Company is an internationally famous corporation that operates in the domains of media and entertainment. Having grown from a small cartoon studio, the company now operates in more than 40 countries around the world and includes such major departments as studios, parks, and experiences, and consumer products. The division of Theme Parks and Resorts is one of the busiest branches of the corporation, with 13 parks, over 40 resorts, and more than 118 million visitors each year. To succeed in such an environment, the Disney company adopted the best practices of IT service management as outlined in the Information Technology Infrastructure Library (ITIL). Informational Technology Infrastructure Library or ITIL is a group of practices designed to align IT services with the goals and vision of the business. It was originally developed in the 1980s and since then received regular revisions to suit the changes in technology and Continue reading
The Impact of Technological Changes in Organizations
The impact of technology on organisational procedures and performance has become very crucial. Many organisations have realized that technological advancements shape performance levels in workers employed by the organisation. The management personnel in the organisation need to ensure that the technological changes that are introduced are managed effectively. Technological change in a company can only be successful if the existing organisational culture allows for it. All the participants in the organisation need to be aware of the benefits of technological change and their role in contributing to technological change. Many organisations have introduced newer technological processes, which have significant impacts on their users. Technological changes help in improving efficiency and performance levels in the organisation. Employees need to know how they can use these technologies and the results that are likely to be obtained from them. It has become vital for organisations to manage the changes in work procedures that are Continue reading
Decentralization in Cryptocurrencies
Decentralization is a defining characteristic of numerous cryptocurrencies and blockchain-based initiatives. By design, cryptocurrencies are decentralized and distributed, so there is no centralized authority or point of control. Decentralization in cryptocurrencies provides several benefits, including resistance to censorship and fraud, enhanced security, and better privacy. Decentralization carries several difficulties, particularly in terms of scalability and administration. Cryptocurrencies are a relatively young technology that is undergoing ongoing development. Therefore, there is no universal approach to Decentralization. Each project must carefully consider the involved trade-offs to develop a system that works. Adopting Decentralization in cryptocurrency makes firms more resilient and secure and gives users greater control over their finances. The policy enables investors to make independent decisions because the firm’s directives are not dependent on a specific authority. Consequently, this develops a system of trust, as the system must rely on its integrity to sustain the company’s longevity in the market. Decentralization Continue reading
Is Technology Hindering / Killing Creativity?
Recently, there have been numerous studies exploring the effects of technology on the youth population. Along with the significant growth in technology use, there are substantial gaps in knowledge about the rapid and sweeping changes it has on young people. Technology offers many benefits, including sustaining distance learning, improvements in communication, sustainable development, and transformation of goods and services. If it is universally accessible and used appropriately, technology can be a game-changer for the youth. It can significantly help address numerous problems regardless of a person’s disability, ethnicity, geographic isolation, or race. It can do so by providing youths with the knowledge and skills necessary to succeed in an increasingly digital world and connecting them to a world full of new opportunities. However, technology also has adverse effects on youth. Unarguably, technology is slowly reducing human’s imagination and creativity because people are highly dependent on the internet, are digitally distracted, Continue reading
Case Study of FIAT: Deployment of Robotics in Manufacturing
Fiat was among the first companies to adopt a Post-Fordist system in production after its recovery from the 1970 oil crisis. The large-scale deployment of robotics in the production process of Fiat Company was the most significant move to cope with increased competition and demand. In 1972, the company initiated the adoption of FMS so that it could shift to flexible production methods from the Fordistic inflexible mass production systems. The move was considered as the first step towards discontinuity in management and organization involving the shift in planned goals and replacements of procedures supporting operations supervision. The Robogate technology was developed in-house by Fiat Company and used to create flexibility with enhanced product-mix flexibility. Product-mix flexibility is the conferred ability of an organization to produce different products sequentially using the same lines of production. As indicated, the shift from Fordist mass production systems enables a company to reduce tool specificity Continue reading