We are moving through a period of rapid Technological change in the realm of industries. A missed
opportunity could mean the demise of the firm or even the industry. It is essential not to overlook
the fact that it is the application
and consequences of these changes which are wealth creating--not the technological developments themselves.
For the creation of wealth, technological change must be harnessed to provide improved or new products
within the time scales
and costs commensurate with competitive market needs.
This is the central theme of engineering management in manufacturing industry. It involves many tasks
including product innovation and the product realization process. To face the challenges the management
will invariably go for getting
the right people, aiming at the right targets, encouraging innovation through competition and developing
awareness of the social and other consequences of new technology. The responsibility of the institution
will be to generate right
type of technical manpower who will be in a position to meet up the craze of industries. The syllabi
should be highly flexible and laboratories and workshops should be well equipped. Industry institute
interaction should be built up and
this should go a long way to built up industry institute partnership.