Title: Technology strategy framework for firms in growing economies

Authors: Zafar Husain

Addresses: College of Business Administration, Al-Ain University of Science and Technology, Abu Dhabi Campus, Abu Dhabi, UAE

Abstract: In the recent economic downturn, effective management of technology has acquired an even more important place in corporate strategy. This paper aims at proposing an empirically based technology strategy formulation framework. Nominal group technique (NGT) has been used to engage Chief Technology Officers (CTOs) from two different countries in two separate groups to make use of their expertise in technology strategy formulation. The two groups of CTOs indicated different priorities for different components of technology strategy to be persuaded. On the basis of focused discussions on several aspects of technology strategy being practised by firms in different sectors of industry, a technology framework particularly applicable to the firms based in growing economies is proposed as an outcome of NGT exercise.

Keywords: strategic management; technology management; emerging economies; technology transfer; technology strategy; R&D; research and development; innovation management; nominal group technique; NGT; Chief Technology Officers; CTOs.

DOI: 10.1504/JGBA.2016.076723

Journal for Global Business Advancement, 2016 Vol.9 No.3, pp.248 - 274

Received: 07 Aug 2014
Accepted: 19 Jun 2015
Published online: 23 May 2016 *

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