Strategic Planning towards Effective Management of New Technology in Open Cast Mines

Strategic Planning towards Effective Management of New Technology in Open Cast Mines Anand Pd. Sinha, Supriyo Roy Department of Management, Birla Institute of Technology Mesra, Ranchi, Jharkhand, India ______________________________________________________________________________________ Abstract: Technology has become backbone of corporate sustainability after the pro-market reforms due to immense competition worldwide in prime sectors. Technology Management is a practice that entails classification, selection, adoption and exploitation of the technologies needed to maintain organization ’ s current and future survival. Manufacturing sector though invested lot in technological part; is still lacking as per their expectation in terms of overall performance. Coal mining sector in India is one of the core sectors which are far behind comparing with global standards inspite of implementation and use of best technologies. Open cast coal mining industries warrants for state of the art technology which have two aspects: first is the selection of appropriate / suitable technology and second is the effective management of them. Present article highlights strategies and methods adopted in a coal mining industry for effective management of new technology and its implementation. It attempts to focus on effective management of new technology by identifying various factors required for the same in opencast coal mining industries. This research also directs to understand and assess the reasons for low productivity and suggest suitable remedial measures towards effective management during implementation of new technology.