StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Strategic Management of Technology - Essay Example

Cite this document
Summary
Globalisation has seen many a face of countries around the globe change. China and then India have been the beneficiaries of huge FDI influx. China opened its borders to FDI in 1979 and India opened its economy to foreign investors as late as the 1990s. Since then, both these countries have grown economically…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER95.3% of users find it useful
Strategic Management of Technology
Read Text Preview

Extract of sample "Strategic Management of Technology"

Download file to see previous pages

Companies such as IBM, Microsoft, Oracle to name a few, have been beset with the task of identifying suitable locations around the globe to set up infrastructures to profit on specialized workforce and competitive pricing. Look no further, for India is the destination for you. Algeiser Software Pvt. Ltd., a medium-sized software company employing 300 software engineers, is looking to improve its stakes in the international market through rigorous marketing and presentations. The strength of the Algeiser lies in its highly qualified loyal engineers, who believe that with the globalization of Indian markets to foreign investment and tie-ups, there are strong possibilities of the company going places.

Many foreign companies would be participating in taking advantage of the liberalized policy by the Indian government to promote its well qualified workforce and cheap labour. The company's General Manager, Projects, Mr. Mukund Malhotra is well aware of his company's assets and is quite confident of coming up with a contingency plan to compete in this highly competitive market. The company directors are sure that with further inputs from Mr. Malhotra, and using his experience and tactical business development portfolio, Algeiser Software Pvt. Ltd. .

India is one of the fastest growing IT and telecom markets in the world today. The Indian IT market grew at over 26% in 2005, which included domestic BPO-ITeS, providing tremendous opportunities for IT and telecom vendors and service providers. Ranked as the 18th highest spender in IT in 2005, India is poised for greater growth and is expected to move up the table to 13th position in 2010. Its IT and Telecommunications markets provides trends and market dynamics for the IT and telecom industry, highlighting various products/segments driving the market like PCs, enterprise systems, storage, MFDs, IT Services, packaged software, BPO, enterprise applications, telecom services, datacom and so on.

Leading hardware, software and services providers in India include, Cisco Systems, HCL, HP, IBM, Infosys, Microsoft, NIIT, Oracle, Satyam, Sun Microsystems, TCS, and Wipro (IDC, 2007).1. Strategy Strategy plays an important part in the success of any organization. Imagine what would happen if one were to start an organisation without even considering its overall objectives and contingencies. Strategic management is the organisation of products, services, processes and systems; the elements present within the operating and wider environment of the enterprise, leading to effective growth and success.

These elements require proper direction to generate an everlasting, successful, profitable, effective and innovative business system. This is the prerogative of a successful strategic business management. Algeiser Software Pvt. Ltd. faces major hurdles in the form of financial limitations, and international exposure to compete with these mega giants. With its limited financial backing, the company will have to remain content with its present market share, which is

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Strategic Management of Technology Essay Example | Topics and Well Written Essays - 3000 words”, n.d.)
Retrieved from https://studentshare.org/miscellaneous/1519173-strategic-management-of-technology
(Strategic Management of Technology Essay Example | Topics and Well Written Essays - 3000 Words)
https://studentshare.org/miscellaneous/1519173-strategic-management-of-technology.
“Strategic Management of Technology Essay Example | Topics and Well Written Essays - 3000 Words”, n.d. https://studentshare.org/miscellaneous/1519173-strategic-management-of-technology.
  • Cited: 0 times

CHECK THESE SAMPLES OF Strategic Management of Technology

Key Elements of a Market Analysis

In the paper “Key Elements of a Market Analysis,” the author analyzes several key elements which help to analyze its potential and create a market plan.... Market Analysis allows a company to identify the maximum units of a defined product of being purchased within a designated geographic area....
3 Pages (750 words) Assignment

Wrist Watches Industry - Innovation, Technology, and Market

The paper “Wrist Watches Industry - Innovation, technology, and Market” highlights factors that affected innovation in the wristwatch industry, product and technology life cycle, price-elasticity of demand, the appropriate strategy required to launch it in the market.... These companies often were unable to detect the trends and cycles of the changes in watch-making technology in order to get prepared for it.... The great examples of these technological changes were the 'Quartz technology' and the 'following shift of emphasis on fashion has had dramatic impacts on the watch industry'....
9 Pages (2250 words) Term Paper

Shell Oil Company and the Technology Management Issues That It Faces

However, the array of technology on which Shell depends is so vast that it is impossible for this company to assist in developing everything.... This essay presents a discussion about Shell and the technology management issues that are of importance to this company.... Immediate benefits are possible from technology improvements in areas that are of interest to Shell production and operation, but being an energy company with a transport focus Shell is likely to benefit from anything that can reshape energy systems for transport....
10 Pages (2500 words) Research Proposal

Comprehensive Intellectual Capital Management

As discussed by Mazzarol (2004), strategic management is a term, which is broadly connected with large, medium as well as small-sized businesses that are normally... Apart from this, the other motives include attaining superior competitive position and sustaining in this competitive landscape among others....
8 Pages (2000 words) Essay

W1 Disc Strategic Management of Technology and Innovation

The Strategic Management of Technology and innovation, therefore, entails underaking f management functions, in conjunction with the analysis of the environment, Strategic Management of Technology and Innovation al Affiliation Strategic Management of Technology and Innovation Management, per se, entails undertaking functions of planning, organizing, directing and controlling of various facets of organizational settings (Hartzell, 2014).... The Strategic Management of Technology and innovation, therefore, entails underaking f management functions, in conjunction with the analysis of the environment, specifically pertaining to factors affecting technology and innovation....
1 Pages (250 words) Essay

Strategic Management of Technology and Innovation

This paper "Strategic Management of Technology and Innovation" focuses on the two cases that provide us with a better understanding of how technology, innovativeness can be perceived, and how the use of this can cause one company to be extremely successful while making the other a complete failure.... hellip; In the case of Amazon, the company has used high levels of technology and innovation to provide customers with excellent services and innovative ideas every single day....
6 Pages (1500 words) Case Study

Management of Technology and Innovation In Business

The paper "management of technology and Innovation In Business" highlights that the virtual business model should contain these characteristics of an emerging model that aims to achieve the high-level results, performance, and customer satisfaction and increase loyalty for business growth.... For instance, in the management consulting industry several firms have incepted several measures to guarantee their success in the future through innovation and development of newer models of technology....
7 Pages (1750 words) Coursework

Innovation and Strategic Management

However, this article clearly champions The paper "Strategic Management of Technology and Innovation" is an excellent example of an annotated bibliography on management.... Strategic Management of Technology and innovation.... bstractApparently, this particular work of art is mandated with the task of outlining the significance of innovations in the strategic management of business enterprises.... Notably, the article clearly acknowledges the role of innovations in the strategic management of a business organization....
3 Pages (750 words) Annotated Bibliography
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us