Research Paper on:
Technological Strategy Development

Unformatted Sample Text from the Research Paper:
are many technological skills present as well as the technology itself, in the company, and that there is the potential for this resource to be used in order to advance  stagy. In a company such as this, such as the case provided by the student, there is a need for a strategy to develop technology so that it will add  increased value to the organisation. If we look at a this company we can see that technology is used in a variety of ways, technology that was developed for internal  use is now bringing in external revenue, which provides up to 50% of the financing, however the department is running at a loss, as it does not actually produce anything,  and has found that as a supplier of IT systems and consultancy work the diversification has reduced that loss. The profitable divisions are the manufacturing division and the resourcing  division. Both use technology internally, and the manufacturing division use technology externally. Therefore we can see there are many departments, and to create a strategy the first and overriding principle  must be the increase of profits by lessening costs, creating more sales, and/or adding more value. A business existing, mostly. To create profit, otherwise investors would not place money in  the shares, therefore this needs to be a major consideration, measures that decrease costs also need to be considered for their implementation costs. To formulate the strategy there are  several needs, we will look at some of these needs and consider how they may impact overall strategy. The first consideration must be the way that the technology is used  by the company, what the users need, and what they already have. We have the manufacturing department using external technology, and then we have the engineering and IT divisions, that