Question

Michael is the project manager in a Manufacturing Company he wants his organization to use technology for higher revenue and productivity what should Michaels company do​

Answer 1

Answer:

Stablish a Project that aims to make a technological improvement in the actual assets using for the production. The project can be financed by external debt or by allocating part of the revenue to it-; That will ultimately depend on the financial health of the company.

Answer 2

Answer:

He should propose a plan/model highlighting the benefits of using technology in manufacturing, to the higher management of the company.

Explanation:

Since the world is moving towards technological advancements and digitization, it is important to keep up with the face pace of the industry in adapting new things so that the profit doesn't hurt and the company achieve stability. Hence, Michael should try to convince the upper management by highlighting all the benefits that the company can achieve only if they move towards technological advancements.

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