Strategic Applications of Robotics Technology

Currently in the United States it has been estimated that 10‐12,000 robots are utilised in larger corporations. Future predictions calculate that within five to seven years up to 100,000 robots may be in use in the US alone. It was predicted that by 1990 more than 50,000 new jobs would be created in making and maintaining robots in good condition. With such a dramatic increase in the use of robotics technology, enterprises must acknowledge the future implications of such advancement on both management and employees. The purpose is to test the strategic application of robotics technology, why it should be used extensively in the future, the fear of unemployment due to the robots, and the reorganisation of traditional management practices as a result of new technological advances. Also the application of such technology in the developed and developing countries is discussed.