Hiving off from 1999-2001, L & T went about debottle- necking its cement plants. They were modernized and capitalized were raised from 12 million tones to 16 million tones annually, with minimum costs. The mantra really was to grow the business and then divest it as cement fell in the non-core category.
So, in September 2003, L & T sold its cement business to the Aditya Birla Group, which resulted in the company’s Economic Value Add‌ SUMMARY
Technological environment wields considerable influence on international business. Technology is systematic application of knowledge to practical tasks.
Three features of technology are conspicuous, change, widespread effects and self-reinforcement.
Technology may be structured into different categories, for example, state of art, proprietary, supporting, and the like.
Technology management involves its awareness, acquisition, adaption, advancement and abandonment phases.
Impact of technology can be studied under three heads - impact on society, impact on economy and plant level implications. Major aspect of plant level implications relates to the management of technology transfers.
QUESTIONS:
1. What is technology? How does it differ from science? 2. Describe the different phases of technology management?