Development Of Technology From Management?s Point Of View

To clarify what r mean about this long title, I would like to define the term technology. A standard definition of the word "technology" is "a technical method of achieving a practical purpose". Incidently, another definition of the term is merely "technical language". The same dictionary defines the word "technology" as "having a special, usually practical, knowledge of mechanical or scientific subject." Naturally, the practical purpose of the subject with which we are concerned is solving of problems we encounter in the mining industry. I might further describe the subject of this discourse by defining the term "manager". An old definition, "one who dispenses the duties of his position with care and economy." In line with the above definition most of the technology with which we in the mining industry are confronted with deals with some form of cost reduction. This may be related to the speed of doing an operation or to saving of labor or supply costs. These can be improvements of an existing method or the result of new processes or inventions, such as new machinery.