<Li> the development, utilization, and application of new scientific ideas, concepts, and information in production and other processes; and </Li> <Li> enhancement of technical performance capabilities, or increase in the efficiency of tools, equipment, and techniques in performing given tasks . </Li> <P> Studies in this area often employ a multi-disciplinary research methodology and shade off into the wider analysis of business and economic growth (development, performance). The studies are often based on a mixture of industrial field research and desk - based data analysis and aim to be of interest and use to practitioners in business management and investment (etc .) as well as academics . In engineering, construction, textiles, food and drugs, chemicals and petroleum, and other industries, the focus has been on not only the nature and factors facilitating and hampering the introduction and utilization of new technologies but also the impact of new technologies on the production organization (etc .) of firms and various social and other wider aspects of the technological development process . </P> <P> How and When Technological development in industry Performed: </P>

Advantages of science and technology in trade and industry