techno economics
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APPT PRESENTATION ON“TECHNO ECONOMICS”
Department of Electrical EngineeringPoornima Institute Of Engineering & Technology
ISI-2,RIICO Institutional Area, Goner road,Sitapura,Jaipur-302022
Presented By :- ANIL KUMAR KUMAWAT EE,PIET
Contents Introduction Technology Economy Economic Development Role of the entrepreneur Role of Entrepreneurship in Economic
Development Feasibility Analysis Benefits & drawbacks of technology Business project life-cycle
INTRODUCTIONINTRODUCTIONWhat Is Techno Economics ?
The Term Techno Economic is combination of two different words i.e. Technology & Economics
It deals with the Impact of Technology on Economics or in another words we can say that how economy is being affected by technology
Techno Economic is shows the good as well as adverse effects of technology on economics
What is Technology ?What is Technology ?
Technology is comprised of the products and processes created by engineers to meet our needs and wants.
Needs vs. WantsNeeds vs. Wants
Needs – what people must have to live.
Food , Clothing ,Shelter
Wants – the things we would like to have, but can live without.
ECONOMYECONOMY
Economy is concerned with the production, consumption, distribution and investment of goods and services.
Economics is the social science that studies economic activities.
Types of economics :-
1.Micro-Economics
2.Macro-Economics
Economy(Contd.)-Economy(Contd.)-
1.Micro-Economics:-
Study of economy at individual or small level
2.Macro-Economics:-
Study of economic system as a whole. Ex.-study of Indian Economy.
ECONOMIC DEVELOPMENTECONOMIC DEVELOPMENT
“Development is a multi dimensional process involving changes in social structures, popular attitudes, and national institutions, as well as the acceleration of economic growth, the reduction of inequality, and the eradication of poverty.”
Economic development consists of the reduction or elimination of poverty, inequality and unemployment within the context of a growing economy.
In economic terms, development is the capacity of a nation to generate and sustain an annual increase in its GNP (Gross National Product).
ROLE OF THE ENTREPRENEURROLE OF THE ENTREPRENEUR
An innovator who combines technical innovations and financial finesses.
Important role in producing competitive products, processes, and services.
Generation of new employment
Local and regional economic development
Improved allocation of resources and transfer of technologies
ROLE OF ENTREPRENEURSHIP ROLE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENTIN ECONOMIC DEVELOPMENT
Introduction of new goods and products
Introduction of new processes and methods of production
Opening up of new markets
Opening up of new sources of supply
Industrial re-organization
FEASIBILITY ANALYSISFEASIBILITY ANALYSIS
Feasibility analysis is the process of determining whether a business idea is viable.
It is the preliminary evaluation of a business idea, conducted for the purpose of determining whether the idea is worth pursuing.
Feasibility analysis takes the guesswork (to a certain degree) out of a business launch, and provides an entrepreneur with a more secure notion that a business idea is feasible or viable.
Role of feasibility analysis in developing Role of feasibility analysis in developing successful business successful business ideasideas
BENEFITS OF TECHNOLOGYBENEFITS OF TECHNOLOGY
1. ABLE TO PERFORM EVERYDAY TASKS FASTER
2. ABLE TO PROCESS INFORMATION, MANAGE AND KEEP RECORDS BETTER
3. HELPS PEOPLE GATHER INFORMATION, LEARN, ENJOY ENTERTAINMENT AND COMMUNICATE
DRAWBACKS OF TECHNOLOGYDRAWBACKS OF TECHNOLOGY
1. HEALTH & DEVELOPMENT MAY BE ADVERSELY AFFECTED
a. PHYSICAL INACTIVITY
b. “COCOONING” =TOO MUCH TIME ALONE WITH A COMPUTER LEADING TO LONELINESS AND ISOLATION
DRAWBACKS(Contd.)-DRAWBACKS(Contd.)-
2. DAMAGE TO THE ENVIRONMENT
OBSOLESCENCE
A STATE OF USELESSNESS.
AS THIS TREND INCREASES DUE TO TECHNOLOGICAL CHANGES, THE RESULT IS A LOT OF TRASH.
DRAWBACKS(Contd.)-DRAWBACKS(Contd.)-
3.TOO EASY TO SPEND VIA INSTANT ACCESS TO CASH AND CREDIT AND TO ONLINE PURCHASING
MAY LEAD TO FINANCIAL CRISIS
DRAWBACKS(Contd.)-DRAWBACKS(Contd.)-
4. TOO MUCH PRESSURE ON OTHER FAMILY RESOURCES
TIME STRAINS
MONEY STRAINS
DRAWBACKS(Contd.)-DRAWBACKS(Contd.)-
6. FAMILY LIFE MAY BE THREATENED
a. HIGH TECH EQUIPMENT DOES NOT ENCOURAGE FAMILY INTERACTION
b. CONSTANT COMPETITION FOR USE OF THE TECH AT HOME
c. FAMILY TIME IS REPLACED WITH INDIVIDUAL TIME SPENT WITH TECH
The Business Project Life-CycleThe Business Project Life-Cycle
Initiation
Planning
Implementation
Closure
Monit oring , E
va luatio n &
Contr ol
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