Company Background : Science Technology Company was a leading manufacturer of computer-controlled automated test equipment (ATE) that was used to monitor and manage quality over the life cycle of electronic products. With 31% market share‚ the company was the dominant firm in the design and manufacture of testers and test software for printed circuit boards. Its second business was its semiconductor test operation‚ which manufactured complex systems that cost in excess of $1 million and were used
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Science Technology Company (STC) Case Bill Watson as President of Science Technology Company (STC) should ask the Chief Financial Officer‚ Harry Finson‚ to fine tune and rehash the 5 year financing plan Harry prepared. This is to address the following issues and concerns: A. Projected thirty percent (30%) increase in annual sales Historically in a strong ATE market‚ STC was able to increase its sales on a compound annual growth rate of 12% only. In 1983‚ the company posted its highest
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systems requiring intensive research and development spending‚ short product life cycle‚ rapid technology obsolescence and fast growth with increasing technology competition and the potential price competition were not taken into account. The failure to consider these issues led the CFO to assume a large sales growth from 1985 to 1989. These assumptions would further hurt the financial position of the company because it would tend to hedge on the forecast by needlessly expanding capacity and increasing
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Science and Technology Justin Larson University of Phoenix‚ Axia College Science and Technology Where would we be as a global community without the study and aid of science and technology? How could humankind have survived through the ages without it? Science and technology have been around for almost as long as time itself. Ancient caveman used early science to learn how to make fire. Caveman‚ who developed spears from sticks tied with carved stones to hunt with‚ benefited
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Science and technology is a vital part of our society’s world and how we function. Unless you happen to live out in the middle of the Sahara Desert and have sworn off all aspects of technology and science‚ then you are most likely exposed constantly to science in your daily life. While it is a big part of our world‚ there is a constant uneasy relationship between human beings and science. It is a common axiom that people don’t trust what they don’t understand. That is exactly what drives and causes
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Advancement of Science and Technology of Ancient India Since 1858 till 1948‚ India has been under the British rule‚ the period also known as ‘British Raj’. The scientific‚ technological and medical developments that took place remains to be a debate till today of whether India introduced its own developments or silently borrowed from the West. But a history of science in India must also be a history of India‚ not merely a history of the projection of western science onto India. Over this 200-year
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Economics and Management‚ Changchun University of Science and Technology 7989 Weixing Road‚ Changchun 130022‚ China Tel: 86-431-8628-7978 E-mail: blessyandm@163.com Yan Wang (Corresponding author) School of Economics and Management‚ Changchun University of Science and Technology 7989 Weixing Road‚ Changchun 130022‚ China Tel: 86-431-8521-7930 Abstract At present‚ the world economy is shifting to the model of knowledge-based economy‚ knowledge and technology to economic growth has greatly exceeded the
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that is‚ science and technology. Science is systematic knowledge of the physical or material world gained through observation and experimentation. Technology is a scientific or industrial process‚ invention‚ method‚ or the like. We can therefore say that scientific and technological advancements simply mean the use of the method of science to create inventions that makes life easier. Although many might stand to disagree but i would say that depending totally on science and technology to make Nigeria
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ago if necessity and serendipitous discoveries had not driven men to achieve great things. Science and technology have had huge positive effects on every society. The world today has gone digital‚ even human thought. Our world has been reduced to a global village and is better for it. The benefits of science and technology far outweigh every perceived shortcoming. Some of the biggest effects of technology are in the area of communication; through the internet and mobile phones. There is advancement
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especially in the Western world‚ that people are disconnected. Communication technology is supposed to connect people: it is beginning to connect people to machines‚ but not people to people. A young kid in U.S. knows how to deal with computer networks but does not know how to play with his next-door neighbour‚ so technology does bring in some level of problems. Some use technology‚ some abuse technology. The main idea behind technology has been to increase comforts‚ helps us in doing things outside of our
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