| Abstract: | In this paper the work of the technical function, along with that of the other functions is outlined in developing the Business Unit concept, put forward in the previous paper on Planning. It mainly covers the ongoing activities of the Business Unit and the work which can be seen as a natural evolution of its present activity. What it does not cover is the identification by both the Planning and Technical Functions of the longer term developments of a company or its Business Units, and also possibly the fields for still wider diversification. These will be dealt with in Part II. In many cases, however, a surprisingly high proportion of the Technical Function budget is spent on the natural extension of the present business and a means of analysis by business unit objectives is proposed so that other functions can participate in the setting of objectives and evaluating progress. Close identification with business unit objectives will be found helpful in eliminating waste and often identifying new problems for the Technical Function to pursue. |
