Professional Documents
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Management of Technology and Innovation Class Notes
Management of Technology and Innovation Class Notes
Threat of substitutes
Tacit knowledge
Core competencies
Integrated and harmonious abilities that distinguish the company in the marketplace; abilities that
make the company unique
Dynamic capabilities
Strategic intent
Ambitious, long-term goals drawn from all levels of the company that builds upon and stretches
the core competencies
Capital rationing
Deciding how to allocate capital to projects since resources are finite, or they are not limitless
(they have a limit)
Benchmarking
Comparing 'like with like' to determine the stance of the company with that of the competitors
Evolving
Expanding
Envisioning
Rethinking the brand to identify products and services that the company can offer in the future
Money does not have the same value overtime; it is worth more today than tomorrow
R&D development is linked to the company's strategies in terms of how the new products and
services fit into the company's architecture