The Kazzinc joint stock company was established in early 1997 following a merger of free large ore mining and processing as we

Case Study: Innovation

Kassenov Maxut MBA ID#20001058

The Kazzinc joint stock company was established in early 1997 following a merger of free large ore mining and processing as well as metallurgical enterprises – joint stock companies Ust-Kamenogorsk lead and zinc integrated works, Leninogorsk polymetallic integrated works and Zyryanovsk lead integrated works.

Kazzinc also incorporates Bukhtarminsky hydroelectric power complex and Leninogorsk repair-machine plant which allow to solve problems pertaining to electric energy supplies and upgrade dependability of equipment. The merger of the above enterprises was necessary step given the current economic crisis plaguing the Republic of Kazakhstan and CIS countries. This allowed not only to stabilize the enterprises but also to improve considerably the economic situation in Eastern Kazakhstan.

The Kazzinc JSC incorporates two zinc and one lead plants, a refining enterprise, shops for production of rare metals, alloys and cathode copper. Currently, the leadplant uses two types of technologies:

Classical technology which includes burden agglomeration by sintering, blast smelting, refining and pouring of metal;
State-of-the-art technology which includes autogenuous smelting of burden in the KIVTSET unit, refining and pouring of lead.
They new autogenuous technology for processing lead-bearing materials, which was developed by specialist of the Nonferrous Metal Research Institute and the UK LZIW (Ust-Kamenogorsk Lead and Zinc Integrated Works), differs from methods of obtaining lead by ecological purity, a higher level of extracting metals and sulphur and a possibility of processing several kinds of raw materials (sulphide, sulphate and oxidized). The technology found broad application in the world practice. Lead plants in Kazakhstan (the city of Ust-Kamenogorsk), Bolivia, Italy and Canada were built using the KIVTSET technology.
The KIVTSET method was patented in many countries of the world such as Italy, Canada, Germany, Austria, China, Finland, Japan, Korea, Sweden and France.
The UK LZIW plant was built in the city of Ust-Kamenogorsk in 1985 using this technology, in Porto-Vesm in Italy (the Samim company) in 1987 in Trale in Canada in 1997 (the Cominco company).

Multiple Choice

Can you consider this an innovation:

computer in 2001
Internet technology in 2000
Steam powered machine in 19 century

What is the difference between innovation and invention:

a firm is an innovation, it will produce the product
a firm`s business is innovation not production
none of above

What risk an innovation could take:

to take the risk of failure in demand to innovation
to take the risk of repeating of innovation
to create something useless

How quickly should firm introduce the innovation:

as quickly as it can

the relations between present value of innovation and spend of developments and introduction to the society

П(t)= C(t) - R(t)

When the market will be ready for the innovation

What percent will acure in reduction of average cost in case of doubling of cumulative output:

20-30%
50-60%
10-20%
none

True or False

The rate of technological change is often measured by changes in productivity.
Research and development can’t be regarded as a process of uncertainty reduction or learning
For a particular innovation, there is likely to be a time-cost trade-off function
In many industries, there is a learning curve, which the average cost production an item falls in response to increase in its cumulative total output.
As the number of firms adopting a new process increases, the probability of its adoption by nonuser decreases.

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