Technological factors are factors that have impact on area of management (e.g. managing project, implementing strategy) and they are related to technological limitations or issues. Technological factors are e.g.:
- productivity of machines,
- cycle time,
- energy consumption,
- dimensions of equipment,
- dimensions of buildings,
- parameters required to achieve quality product.
Technological factors are mostly known variables when implementing strategy or managing project. However, relations between technological factors can be not recognized, which can lead into problems. For example, known dimensions of equipment and known dimensions of entry gate doesn't imply that manager recognized that gate is too small to pass the equipment.
Therefore technological factors should be not only identified but also analyzed in order to find important relations between them.
- Figliozzi, M., Boudart, J., & Feng, W. (2011). Economic and Environmental Optimization of Vehicle Fleets: Impact of Policy, Market, Utilization, and Technological Factors. Transportation Research Record: Journal of the Transportation Research Board, (2252), 1-6.
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