• Prof. Dr. Rekha Gulhane

The most important strategic decision in a company is to determine the timing of the selection of a new technology that will replace the existing one. The life cycle represents the product and process innovations in the production unit. Timely identification, acquisition and adoption of new technologies will lead to coincide moment of maturity and decline of the old technology and a moment of growth of new technologies. The introduction of new technologies can significantly affect the former structure of enterprises, the production process, financial management, etc. The best example, which is just one of the biggest problems of today is the use of technology as a substitute for labor. By automating processes technology gradually replaces the human factor in all processes

innovation, enterprises, competitiveness.

"INNOVATION AND COMPETITIVENESS OF ENTERPRISES ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 5, page no.153-156, May-2019, Available :http://www.jetir.org/papers/JETIRCE06020.pdf

"INNOVATION AND COMPETITIVENESS OF ENTERPRISES ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 5, page no. pp153-156, May-2019, Available at : http://www.jetir.org/papers/JETIRCE06020.pdf