Technology is a major factor for success in the global competitive
environment. In today's world, by technological development, competition become
more intense and new opportunities arise. Obtaining an advantageous position in
the global competitive environment depends on satisfying consumer demands with
best quality at an affordable cost. However, achieving and maintaining
competitive advantage is not only possible with low cost and high efficiency
but also with right technology management. Meeting the changing needs and
demands, ensuring competitive advantage and realizing economic growth depends
on following technological developments and adapting new technologies to
production activities and processes. In this context, it is necessary to
understand the relationship between technology and competition, form necessary
strategies, realize research and development activities for new technologies,
make necessary investments and carry out the process of technology management.
Technology management becomes essential for economic growth and sustainability
of companies. This study aims to evaluate the impact on competitive advantage
of technology management by putting out the importance of technology
management.
Journal Section | Articles |
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Authors | |
Publication Date | June 30, 2017 |
Published in Issue | Year 2017 Volume: 4 Issue: 1 |
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