Science And Technology Essay

589 words - 2 pages

Science Technology Company (1985)What is the importance of financial planning? This serves as a guide to day-to-day decision making of the business. As periodically revenues vary, it is important to identify why there are times that a business has plenty of cash or sometimes, they have shortage. I appreciate that Harry Finson, the financial officer, prepared the 5-year financial planning for Science and Technology Company.It was identified here that while the sales increased each year, profits were erratic. Opportunities were detected such as there was an increase of the number of employees and the amount of plant capacity in anticipation of a stronger sales growth than the 10% realized. Aside from that, it was identified that there are market opportunities and competitive pressures required that research and development spending be increased and also, company had significant problems with a new product at the largest division, thus there's an expensive product recalls and repairs. Lastly, there was a major manufacturing problem with a line of very large and complex testers at its semiconductor test division, resulting a loss of 18million. By identifying the factors of the poor performance of STC, this is an advantage to convert these issues as opportunities to help the business achieve its goal, a bigger profit. Not only the issues were identified here, but also the strengths of the company when it reached sales increased from 359 million in 1978 to 1.6 billion in 1984. Factors identified of this positive increase in profit are steady increase in labor rates, the move by electronics manufacturers away from design and manufacture of their own test equipment and the dramatic improvement in testing technology and changes in devices to be tested. As...

Find Another Essay On science and technology

Hazards and Benefits of Science and Technology

1410 words - 6 pages Walking down a busy street you can see the effects of science and technology at every glace you take. Its in the shoes that you are wearing, the cell phone that you are using to stay in touch with your family and friends, its in the breakfast sandwich and yogurt parfait that was just ordered from McDonalds, its in the headlines of the news papers that read ?Bin Laden Captured Alive?, and its even in the air that we breathe as a public bus drives

Policies and Procedures for Science and Technology

2347 words - 9 pages Policies and Procedures for Science and Technology Policies and procedures can quickly become out-of-date if an effective policy coordination function is not coupled. The creation of science and technology policy and procedure is to response for the documentation, maintenance, distribution of policy records, and up-to-date procedures along with providing guidance in collecting and preparing documents, even on criminal investigation and

The Impact of Modern Science and Technology

792 words - 3 pages The Impact of Modern Science and Technology The quest for scientific knowledge should be boundless. There should not be any type of barriers to prevent such an enrichment of knowledge, and that is exactly what science presents to us. Scientific knowledge can only help us in the long run and even perhaps save us from catastrophes that may occur naturally in the world. There could be an agreement that science has produced many dangerous and

Technology and Science Unite: Solving Crimes

964 words - 4 pages Technology and Science Unite: Solving Crimes The focus of this paper will be on the development of forensics in the criminal justice profession, both past and present. The main focus will be on the roll technology has played in the updating and improvements in the field of DNA study, fingerprinting, and the newest concern of forensic teams, computer crimes. All levels of law enforcement depend on the technological improvements in forensics in

Women's Role in Science and Technology

2454 words - 10 pages Women's Role in Science and Technology Women have played an important role in the development of science and technology, but there is an insufficient number of females in those career fields. Technological change has affected the roles of women and gender role ideas. Women without doubt came a long way improving the numbers and increasing the percentages in the workforce of Science, Technology, Engineering and Mathematics (STEM

Switzerland’s Contemporary Contributions to Science and Technology

1273 words - 6 pages Switzerland’s Contemporary Contributions to Science and Technology Established on August 1, 1291, the Swiss Confederation is a small country with a giant impact in the world of scientific and technological innovations. Commonly known for cheese, chocolate, mountain chalets, army knives, precision watch movements, and financial prowess, its national resume also includes a commitment to higher education, scientific research and development, and

The Benefits of Science and Technology

3000 words - 12 pages Man, powered by his imagination and inquisitive character, has wondered he mechanisms of Nature since time infinite. This quest for the truth, the ways in which his surrounding works, has led to many a scientific discoveries and innovations.Since the art of making fire and creating handcrafted tools, our civilization has come a long way. Science and Technology are making advances at an amazing rate. From telephones to the Internet, calculators

Restrictions on Technology and Science Research

1120 words - 5 pages Technology and human knowledge are ever evolving and changing. Restrictions put on this advancement of technology only hinder the exponential growth of scientific fields. Human nature and morals naturally curb the exploration into fields of research harmful to humans or to society as a whole. The benefits of an unrestricted technology greatly outweigh the possible disadvantages of such a system. The development and advancements in science should

Gender Stereotypes in Science and Technology

1605 words - 6 pages Gender Stereotypes in Science and Technology The experiences we have and the ideas we formulate as children can and do have a tremendous impact on what we do with our lives as adults. One thing that we studied during this course was the differences between toys that boys play with and those that girls play with. When little boys are given things to play with like chemistry sets and erector sets, they are given tools to develop skills like

Science and Technology in the Middle Ages

1161 words - 5 pages Science and technology in the middle ages flourished because of the need of inventions to make life easier. In Europe, from the 5th century to the 16th century there was a radical change in the inventions made. It was between the fall of the Western Roman empire and the early modern era. This was a time for exploration in new ideas and ways of doing things. Europe invented many things for wars, time-keeping, and for everyday use. These

History of Modern Science and Technology

2508 words - 10 pages History of Modern Science and Technology The Impact of the Microscope The world we live in today has many complexities that have perplexed mankind for ages. Various great men and women of science have gotten together to try and uncover the mysteries of the world. On their journey there have been instruments and tools invented that would help them further their studies beyond compare. One of the most significant inventions that have

Similar Essays

Science, Technology And Us Essay

1287 words - 5 pages Science, Technology and Us Science is an important part of our every day lives. We wake up each morning because we hear the ringing of our alarm clocks and turn on our faucets to wash our faces with warm water. We turn on the lights in our rooms to see our clothes and get dressed and we put our breakfast in the toaster and sip coffee from our mugs. All these things we do in the short time we are rushing to get ready for work or school, are

Fear Of Science And Technology Essay

1621 words - 6 pages Fear of Science and Technology Traditionally, most people think of science in form of physics, chemistry, biology. They might also include the social science , anthropology, economics, psychology, and sociology as a branch of science. In truth, within each of these fields have emerged a new subdivision of science which continue emerging at present time and in future rapidly. Science branches are being vaster in every moments of our life

Science, Technology, And Human Values Essay

1086 words - 4 pages Science, Technology, and Human Values in Sigmund Freud's Civilization and Its Discontents, Henrik Ibsen and Arthur Miller's An Enemy of the People, and Kurt Vonnegut's Slaughterhouse-Five Technology has advanced to the point where it touches our lives in nearly every conceivable way-we no longer have to lift a finger to perform the most trivial tasks. The wealth of information and science we have learned in the last few centuries have made

Science, Technology And America’s Military Essay

1517 words - 6 pages Science, Technology and America’s Military When it comes to the latest and fastest computers there is one place that all that technology can be found, the United States Military. There is no doubt that the U.S. Military is one of, if not the most technologically advanced armed forces in the world. “Over our countries development we have changed from a “grind it out” fighting machine, to a more advanced, rapid tactical corps to meet