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Rather success will go to those who innovate in the organization,optimization, and customization of the process of getting work done with bots and machines”(Kelly Page.310), therefore, big business will have to worl hard towards collaberating with robots in order to maintain a successful business and for those who are starting out will have to work as hard to become successful in the robot industry.

Unimate was such a huge success that many European manufacturers, including BMW, Audi, and Volvo, developed their own Unimate like robots to produce parts for their vehicles. This shows how successful Unimate was and how effective it was, that it spread like a disease across the planet. The spread of Unimate and robots alike across the world increased automotive production and dramatically increased profits for automotive manufacturers. Similar to the U.S., a Japanese auto plant introduced robots into production and they had amazing success (Koshiro). Production in Japan was increased and their cars became cheaper for the American market and around the world. X Motor Co., the plant that used robots, experienced an output increase of 186 percent between 1970 and 1980. Humans are unable to match the speed and production of robots, making a robot for repetitive one task jobs the perfect fit. By using robots for tasks such as welding and carrying cumbersome car parts, production and efficiency is increased in every way. In the Address to the Nation on Labor Day, Richard Nixon spoke about technology in the workplace. Nixon stated, “you have the latest technology to help you do your job,” and that “investment in modern equipment will increase productivity” (Nixon). By applying this to the auto industry, robots being the latest technology are going to help workers complete their jobs. And when auto companies invest into new technologies to help

Unbeknownst to most people, technology has been around much longer than we expect and the rate of these innovations actually coming to grips with the community is a slow one. While many scientists and engineers may be in the lab as we speak creating a robot, we

Looking back in early 80’s, no one thought that world will reshape as it has reshaped. The significant pillar in reshaping the world has been introduction of technology in almost every sector starting from pharmaceuticals to retail stores. There is a reason to call this time as modern time and that reason is technology. Technology has advanced to this extent that robotics are now involved in almost every sector. A small and simple example of robotics can be taken of the electronic shutter installed in a store or shop. The industry of robotics has turned in to billion dollar industry. Industries such as automobile, telecommunication, power generation and steel manufacturing have extensive usage of robotics in production. Japan is among the pioneers

Tesla Motors Inc. (Tesla) was founded in 2003 by a group of engineers in Silicon Valley. Tesla has been in the business of designing and manufacturing fully electric vehicles (EVs). The company’s name came from Nikola Tesla, who influenced the design of the powertrain for their first vehicle. Tesla’s CEO is Elon Musk, he had a few goals for his company. First, was to build a sportscar. The next goal was to use that money to design and sell a more affordable car. And then use that money to design an even more affordable mass-market car. Finally in 2008, Tesla released their first electric vehicle, the convertible sportscar called the Roadster, which is now no longer available to buy. In order to raise funds for more research and development, Tesla had their initial public offering of shares in 2010 at $19 per share, under the ticker symbol TSLA. Today, Tesla stock goes for approximately $232(Market Watch, 2016). In 2012, Tesla released the Model S, which was the world’s first premium electric sedan. To date, Tesla has sold and delivered approximately 50,580 vehicles, most of which are the Model S. In 2016, Tesla has announced that they will release a new vehicle, called the Model X, which will be an electric crossover utility vehicle. In addition to vehicle sales, Tesla also develops batteries for their cars, and is in the process of building a gigafactory which is expected to produce more lithium ion batteries than all of the other manufacturers of these

Henry Ford, an American industrialist proved, not only to America but to the world that a car can be affordable to the so called, “Everyday Man”. “Henry Ford did not invent the car; he produced an automobile that was within the economic reach of the average American” (Sorensen 1). Subsequently, Henry Ford’s assembly lines were used in World War II to make equipment for the army. His car company, Ford, still produces one of the most durable and most cost effective car on the planet. In fact, every big car franchise today uses Henry Ford’s one hundred year old assembly line in order to manufacture safe and efficient transportation for everyone. Seeing that, Henry Ford’s moving assembly line has grown more complex because the parts and variety of vehicles being built continue to evolve. As a matter of fact, more automakers continue to improve the assembly line with flexible tooling, virtual engineering and robotics in order to keep up with the demands of the twenty-first century with ambitions of making Henry Ford’s one hundred year old technology better. Above all, making the automobile less expensive was an achievement in the engineer world, and as Henry Ford said, “Coming together is a beginning; keeping together is progress’ working together is success” (“Henry”

Currently, there are jobs that robots can do better than humans, such as weaving and car manufacturing (Kelly 306). Again, when those machines first came to fruition, they eliminated human jobs, but then created jobs. Additionally, there are jobs that humans simply cannot do without robots such as making computer chips (Kelly 306). Looking toward the future, Kelly concludes that if we collaborate with machines and allow them to take over, we will “let them help us dream up new work that matters” (Kelly 312).

Big companies like “Google” are signing a 60 year, $1.16 billion lease Moffett Naval Airfield in San Francisco the historic Hangar One as part of its expansion into robotics, aviation and space exploration. Kyrre Glette, Associate Professor at Oslo University’s Department of Informatics states “In the future, robots must be able to solve tasks in deep mines on distant planets, in radioactive disaster areas, in hazardous landslip areas and on the sea bed beneath the Antarctic. These environments are so extreme that no human being can cope. Everything needs to be automatically controlled. For an example a robot is entering the wreckage of a nuclear power plant. It finds a staircase that no-one has thought of. The robot takes a picture. The picture is analyzed. The arms of one of the robots is fitted with a printer. This produces a new robot, or a new part for the existing robot, which enables it to negotiate the stairs.” This is the primary example of what the future could hold with robotic technology.

He gives examples of robotic breakthroughs like Baxter the first ever humanoid robot made for industrial use, or the Roomba an autonomous vacuum cleaner to prompt thaose robotics are getting advanced and already being integrated into society. The author also cited information from American futurist Thomas Frey saying that” almost 2 billion jobs worldwide would fall to robots” (Gillis, 2012, p.480) to make others think about the upcoming future, he wanted people to be as open minded as

Evaluating the Risk of the American General Corporation we started from looking at company's market standing from potential investors point of view. First we take a look at the companies profile. American General Corporation is a diversified financial services organization, provides retirement services, life insurance, and consumer loans. The company offers retail financial programs through fifteen thousand merchants. American General Corp. operates in 41 states. Puerto Rico, and the United States Virgin Islands.

As technological advances surpass expectations, the business world sees constant innovation of new products, robotics, and ways to create efficiency. Businesses unremittingly seek ways to cut unnecessary costs, and manufacture products for higher profit margins. Debra Donston-Miller’s article “My Co-Worker Is a Machine: Telepresence Robots in the workplace,” previews telepresence robots in many practical future business settings. Instead of business professionals traveling city-to-city meeting colleagues or checking in on projects, telepresence robots allow managers to view progress through a mobile robot equipped with monitors, speakers, and microphones. Telepresence robots allow managers to direct projects and track development no matter

After a thorough analysis of the presented options, our team has come to the conclusion that “Robots R Us” should be selected for our new manufacturing process. Although switching to fully autonomous manufacturing will be a major and somewhat controversial transition for our company, the economic benefits of this option lead to it being the most beneficial to our long term success. Not only does “Robots R Us” bring us to profitability faster than any other option, but also provides us with the highest profit margins of any manufacturing option presented.

Global Electronics, Inc. (GEI), headquartered in Sarasota, Florida, designs, manufactures, and markets discrete power semiconductors and analog, digital, mixed-signal, and radiation-hardened integrated circuits for signal processing and power-control applications. The company employs about 2,300 people at its three U.S. fabrication facilities (located in Huntsville, Alabama; Evansville, Indiana; and Reading, Pennsylvania), and has 4,000 employees at its assembly and test facility in Kuala Lumpur, Malaysia. In 1999, GEI 's profitability came down with operating losses reaching $100 million on sales of approximately $650 million, causing management concern about the accuracy of the company 's standard cost system.

Background Information- General Electric Company, known as GE the world over, is an American-based, multinational corporation headquartered in Connecticut. In 2010, the company reported in excess of $150 billion in revenues, net income of over $12 billion, and almost 300,000 employees. It operates through four basic segments: Energy, Technology Infrastructure, Capital Finance and Consumer and Industrial Production. In 2011, GE was ranked the 6th largest firm in the United States as well as the 14th most profitable. Since its founding by Thomas Edison in 1990, and becoming one of the original 12 companies listed on the Down Jones Industrial Average in 1986, GE has been iconic in its relationship as an American innovator. In fact, GE founded RCA in 1919 to further the use and disbursement of international radio, just one example of their early commitment to innovation (GE Fact Sheet, 2012).

The newly appointed district sales manager, Larry Barr, faces the problem of allocating sales quotas among his various sales representatives. This decision will affect everyone's earnings including his own. This problem is compounded by the fact that different territories have, for a variety of reasons, different potentials. In addition, the territory that is known to be the toughest will soon require a new sales rep.