¶ … determinants technology strategy - focusing -topics: - explain internal external environments - Describe integrative mechanisms - Discuss generative mechanisms Structure report 1.
The determinants of technology strategy
The economic agents of the modern day business society have to respond to a wide array of challenges, emerging from both within as well as outside their organizational environments. At an internal level for instance, they face mounting pressures from the need to invest more in their personnel members, to better train and reward them. Additionally, they face pressures at the levels of resource allocation, planning or deadline completion.
At an external level, some of the new challenges for economic agents include the increasing demands of customers, the intensifying competition at both national and international levels or the mounting pressures for environmental responsibility. Aside from these, companies must also address the ongoing evolution of technology, which creates new challenges and opportunities on ongoing bases. In such a complex setting then, the economic agents come to develop and implement technology strategies aimed at capitalizing on the opportunities of technology, such as increased operational efficiency, improved competitive position, better customer relationships and so on.
2. The determinants of the technology strategy
The economic agents have to devise and implement complex technology strategies, through which they increase their chances of attaining their ultimate goals and scopes, namely that of generating financial profits. In the development and implementation of these technology strategies, the companies have to consider a series of determinants, such as those emerging from the internal and external environments, the integrative mechanisms of the generative mechanisms. All these aspects are discussed below.
Determinants in the internal environment
Within the internal environment, the elements which drive the implementation of the technology strategy are numerous and complex, integrating basically all elements...
Macro-Environment of Southwest Airlines (Revised Text) Economic Environment: encompasses all factors that have a direct effect on GDP, unemployment, inflation, interest rates, and exchange rates (Gimbert 48). The most fundamental are; fuel prices, and the effect of economic cycles. Economic downturns brought about by such factors as the 2007 financial crisis and the September 2011 tragedy drive airline customers across the U.S. To cut down on personal expenditure. The company, as
Moreover, considering that the country has a tradition in consuming cereal products due to its agricultural background and preoccupation for healthy lifestyle, the technology adopted by a market entrant should also allow for flexibility in terms of receipts or changing health requirements from both the customer and the authorities. Political (legal) General food safety requirements refer to the health and hygiene of the food handlers, their food handling skills and knowledge, the
The best alternative is to divert Microsoft resources from copycatting an attempt a better, bolder form of technology to rival these competitors. Resistance to change Dropping out of the Internet search engine and downloadable music markets until a real, innovative change can be offered may be met with resistance from marketing staff, who wish to establish Microsoft as a continual player in these areas. But if Microsoft does not release a
Macro-Environment Socio-cultural and demographics Demand for green products Legislation Economic environment Technology Business Level Strategy Protection from the Five Forces Threat of New Entrants Competition Substitutes Supplier Power Competition The building of relationships Business partners/transactions Strategic management Improved value chain Inbound logistics Manufacturing operations Outbound logistics The sales and marketing techniques The virtual value chain The macroeconomic environment of any enterprise is indeed a very vital thing to all the operations of the enterprise. This is brought about by the fact that both the present and the future operations of the business
Six Examples of Macro Environment Introduction The macro environment refers to the external factors that can affect a business or organization on a larger scale. These factors are generally uncontrollable and can include economic, social, political, technological, environmental, and legal influences. Understanding and analyzing the macro environment is crucial for businesses to thrive and remain competitive in the market. One example of the macro environment is the economic factors, such as
They must comply with the legislation imposed in their country, as well as that in other countries where they operate. Also, in terms of international operations, fashion designers must act in accordance with the regulations imposed by the international regulators, such as the World Trade Organization. Microenvironemnt - Luella works with a team of talented specialists who are devoted to supporting the company reach its objectives in both creations, sales
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