Long before Henry Ford adapted it to automobile production, meat packers had developed the first industrial assembly line. It was more accurately a “disassembly line,” requiring nearly 80 separate jobs from the killing of an animal to processing its meat for sale. “Killing gangs” held jobs like “knockers,” “rippers,” “leg
When a private limited company needs more money for its growth and expansion plans, it goes to public to raise the capital. Thus, it becomes a publicly-owned company. People who buy company’s shares bear the highest risk but they also enjoy the collective ownership of the company which is transferable.
A product innovation example offered in 1991 by Ikujiro Nonaka and Martin Kenney in the Journal of Engineering and Technology Management involved a key part of a photocopier — its drum. A team of engineers at Canon Inc. was considering how to redesign the drum in order to ease photocopiers’
The digital world has made the possibility of having everything delivered at your door step. This, however has created new set of challenges to companies which move the goods across the world. Yes, the logistics providers irrespective of scale are faced with enormous challenge of keeping up with the ever
Using solutions from nature has time and again proven to be highly successful for problems posed by nature. Two interesting stories on how nature’s resources and engineering is put in action for solving interesting problems Plan Bee to avoid elephant fatalities According to the Wildlife Trust of India, train collisions
You might have always wondered as to why only of your siblings had a sharp nose or wide ears? The answer to your question can be answered if you understand certain principles of heredity. The field of genetics has come a long way over the last decade or so. Business
Open source software has come a long way since the Linux revolution. Back in 90s, it was such a unorthodox and powerful concept to make software free challenging the big proprietary software firms. Today, RedHat a company specialising in open source IT products today is a classic example of how
In several countries today, utilities (electricity, gas,water, telco) are still government controlled or either managed as a monopoly or duopoly. Customers in such cases are always at the receiving end as they don’t have any forums to present their views. Most of the customer forums set up by government are
William Edwards Deming, the famous quality guru once said,”in God we trust, rest bring data”. Though most would agree with him there in one topic where I am happy to challenge him and make a claim without data to back up- ‘More than 98% of people never read the terms
Sherlock Holmes was a fictional detective created by Scottish author and physician Sir Arthur Conan Doyle. A brilliant London-based “consulting detective”, Holmes is famous for his astute logical reasoning, his ability to take almost any disguise, and his forensic science skills to solve difficult cases. Holmes, who first appeared in
