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.)-

5. PERSONAL PRIVACY MAY BE THREATENED.

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

Queries ???

Thank You

“ Scientist discovers that which exists. An engineer creates that which never was”