Challenges and issues in technology upgrading from the corporate perspective has always been predominant and will continue to exist for many years to come. The challenges pertain to the five Ms: markets, men, machines, materials, and methods. For markets, there are problems of size (or the lack of) and the increasingly shortened life cycles. For men, there is a need to raise skills level and competencies, have suitable trainers, provide budgets and resources, and be able to retain the workforce in the industry. For machines, there are issues such as the high cost of capital, expensive Read more
