COIT20249: Analyzing the Business Impact of 3D Printing Technology

This report examines the impact of 3D printing technology on business development, focusing on its opportunities and challenges within the manufacturing sector. It analyzes the economic implications of 3D printing, including its effect on market structures and a firm's payoff function. The report references research highlighting the potential for low-cost manufacturing and flexible product offerings, while also acknowledging existing limitations and the need for further advancements. It concludes with recommendations for leveraging the technology's economic benefits and addressing challenges for future business growth. This COIT20249 report is contributed by a student and available on Desklib for educational purposes.

Running head: 3D PRINTING
3D Printing
Name of the Student
Name of the University
Authors note

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Reference 1
Attaran, M. (2016). 3D Printing: Enabling a New Era of Opportunities and Challenges for
Manufacturing.
URL: http://www.ijres.org/papers/Volume%204/v4-i10/Version-1/E41013038.pdf
Annotation
The 3D printing technology is evolving rapidly and it has driven the manufacturing sector
by providing ease for printing designs. The technology helps to meet the customers demand
quickly however, there are challenges related with the technology. The author mainly focuses on
the impact that the 3D printing technology has on manufacturing sector. Due to the infancy stage
of 3D printing technology, there are challenges with the technology (Attaran, 2016). The
summary of key findings and themes are that the technology has several advantages such as
quick processing that will help every industry to improve its business functions. However, there
are still some advancements to be done in the technology to overcome its challenges. The
research conducted for this paper is through identifying and analyzing various technologies
related with 3D printing technology used in manufacturing sectors. The usefulness of this article
for the case study is that it will help to understand the impact of the technology in manufacturing
area. The technologies related to the 3D printing that will be used for the business is also useful
for the case study. The limitations of this report is that is does not focus on every sector such as
retail and corporate, and how it will be implemented in an organization.
Recommendations
The recommendations are that there are various advantages provided by the technology
that will drive the present and future businesses. The impact on various industries are great and

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potential to transform the industries. However, there are challenges that need to be taken into
account for better opportunities through advancements in the technology.
Reference 2
Weller, C., Kleer, R., & Piller, F. T. (2015). Economic implications of 3D printing: Market
structure models in light of additive manufacturing revisited. International Journal of
Production Economics, 164, 43-56.
URL:
https://www.researchgate.net/profile/Frank_Piller/publication/276898572_Economic_Implicatio
ns_of_3D_Printing_Market_Structure_Models_Revisited/links/562a41f608aef25a243ff3f6/
Economic-Implications-of-3D-Printing-Market-Structure-Models-Revisited.pdf
Annotation
The 3D printing technology is driving the economic factors of every sector. The
technology is helping to provide low cost manufacturing in the competitive market to satisfy the
need of multiple customers at once. The author analyzes the impact of 3D printing technology on
a firm or organization’s payoff function and marketing model. The summary of key findings and
themes are that to analyze 3D printing technology impact on economic factors of an industry.
This also presents the principles that are required while analyzing economical characteristics of
an organization. The impact of 3D printing technology is to provide low cost manufacturing and
flexible products to the customers that will impact the market structures (Weller, Kleer & Piller,
2015). The research has been conducted through assumed propositions of 3D printing technology
in terms of payoff function. The market structure research due to 3D printing technology is also
provided to conduct the research of the paper. The usefulness is that it helps to provide proper
analysis of payoff function to understand the payoff function criteria for the case study. The

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other usefulness is that it helps to understand the economic aspects that will be achieved for the
case study. The limitation is that the propositions provided in the paper are assumed that will be
not useful for large scale implementation of the technology.
Recommendations
The recommendations are that the economic characteristics will improve and hence, the
organizational products and services demand will also increase. This will help to improve the
future economical characteristics and provide increased profit to every sector. This will result in
lower prices of the products and services.

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Bibliography
Attaran, M. (2016). 3D Printing: Enabling a New Era of Opportunities and Challenges for
Manufacturing.
Weller, C., Kleer, R., & Piller, F. T. (2015). Economic implications of 3D printing: Market
structure models in light of additive manufacturing revisited. International Journal of
Production Economics, 164, 43-56.