Advances in technology have moved manufacturing organizations
toward a new competitive landscape in terms of improved product
market characteristics, improved plant capacity and flexibility.
With the liberalization and globalization of today's economy, a lot
of pressure has come on the organisations in developing countries
to perform better in the coming days. For that reason, the
companies' related to industrial production should try to improve
their technological status by implementing advanced manufacturing
technologies through joint ventures or licensing agreements. It
comprises of five phases: literature review, survey of
manufacturing industry by employing strategically designed
questionnaire, conduction of case studies in different
organizations, the inferences drawn from the survey and case
studies have been synthesized for the development of implementation
plan. An implementation plan has been suggested to equip the
technology manager with number of options such as optimism,
pessimism and averages for exercising the freedom to manage the
industrial situation through flexible system methodology.
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