The production manager at RJ Fabrics Inc., a clothing manufacturing company, has proposed replacing some of the equipment on its production line with newer technology. The chief executive officer (CEO)insists on comparing the company's current technology with that being used by other organizations to decide what new technology should be considered. However, the chief technology officer (CTO)thinks that the company should look ahead and consider a new technology that is under development. He also raises the issue of whether the company should go to an outside firm or try to develop the technology itself.The CTO of RJ Fabrics Inc. is concentrating on what can be done in the future and on the new technologies being developed. This is known as

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The CTO is engaged in scanning, which involves systematically searching for and analyzing information about new developments, trends, and emerging technologies that could potentially impact the company. This activity focuses on looking ahead and considering what advancements may be possible inthe future. Benchmarking (B) involves comparing one's own company with competitors to identify best practices, while licensing (A) refers to obtaining the right to use a product or technology that is owned by someone else. Contract development (D) and technology trading (E) both involve agreements between companies, but are not directly relevant to the CTO's focus on exploring new technologies.

The Production Manager at RJ Fabrics Inc