Sensing Smart Ltd is a UK-based company that develops smart sensor technologies. It has a small portfolio of products but strong finances. The company aims to expand into new markets like smart clothing. To achieve growth, the summary discusses analyzing the company's strengths, weaknesses, opportunities, and threats. It also outlines management steps the company should take like establishing goals, prioritizing tasks, and identifying alternative courses of action to build strategies and sustain its success.
Our experience helping companies launch their innovation strategy has led us to believe that, to a great extent, one of the most important challenges facing companies that have started out on this journey is without doubt intelligent risk management.
Towards a Client-Centric Transformation - ConceptTarek Salah
This is a modified version of an internal proposal in my organization to transform it into a client-centric model of operation in offering our support programs to develop the ICT industry.
The material is now generic for anyone who needs to know what does it mean to transform an organization into a client-centric one or needs supporting materials to use within her/his organization. However, the proposed steps need not necessarily match all types of businesses :)
The way the slide is developed is actually new relative to my other slides on slideshare, which is aiming to maximize absorption by audiences ...
Enjoy :)
(Business related information is removed)
Research and Development is the most important and functional part of the whole business organization which helps in deciding the considerable objectives, finding ways to accomplish them and taking future decisions for overall business growth.
In 2017, Global Research and Development investment has been maximum in the field of electronics and computing. The present foremost requirement of developing business is innovation and Research and Development is contributing a lot towards it.
Thanks for Reading
Team MakeWebBetter
Our experience helping companies launch their innovation strategy has led us to believe that, to a great extent, one of the most important challenges facing companies that have started out on this journey is without doubt intelligent risk management.
Towards a Client-Centric Transformation - ConceptTarek Salah
This is a modified version of an internal proposal in my organization to transform it into a client-centric model of operation in offering our support programs to develop the ICT industry.
The material is now generic for anyone who needs to know what does it mean to transform an organization into a client-centric one or needs supporting materials to use within her/his organization. However, the proposed steps need not necessarily match all types of businesses :)
The way the slide is developed is actually new relative to my other slides on slideshare, which is aiming to maximize absorption by audiences ...
Enjoy :)
(Business related information is removed)
Research and Development is the most important and functional part of the whole business organization which helps in deciding the considerable objectives, finding ways to accomplish them and taking future decisions for overall business growth.
In 2017, Global Research and Development investment has been maximum in the field of electronics and computing. The present foremost requirement of developing business is innovation and Research and Development is contributing a lot towards it.
Thanks for Reading
Team MakeWebBetter
Technology Links (Pvt) Ltd Report by Mansoor Ali SeelroMansoor A. Seelro
The purpose of this document is simply to show how Hypothetico-deductive Method is applied practically to discern, analyse and solve corporate problems.
Business breakfast devoted to discussions on interim management services in Poland and EU on the basis of experienceof Interim Management companies - Impact Executives Ltd from the UK and Loranc & Partners Sp. z o.o. from Poland
It staff augmentation vs delivery teamsKaty Slemon
IT Staff Augmentation Vs Delivery Teams: Know the advantages, disadvantages of both the outsourcing models and decide which one to choose for your company
Etude PwC sur l'innovation du secteur Aéronautique, Défense & Sécurité (2014)PwC France
http://pwc.to/1owpVso
L’étude "The runway to growth : Using market understanding to drive efficient innovation in the aerospace, defence and security industry" est issue du rapport “Breakthrough innovation and growth”, réalisé auprès de 1757 dirigeants issus de 30 secteurs d’activité dans 25 pays. Ce focus Aéronautique et Défense est construit sur la base des réponses des 58 dirigeants du secteur, issus de 10 pays, ainsi que d’une vingtaine d’interviews et d’une recherche parallèle effectuée sur le marché américain.
Learn about the 10-Step Strategic Account Alignment Process:
- See the 10-step account planning and implementation process using real-world examples
- Focus on 3 of the biggest challenges facing strategic account management programs
- Learn the unique approach that Global Partners uses for the account planning and management process
Technology Links (Pvt) Ltd Report by Mansoor Ali SeelroMansoor A. Seelro
The purpose of this document is simply to show how Hypothetico-deductive Method is applied practically to discern, analyse and solve corporate problems.
Business breakfast devoted to discussions on interim management services in Poland and EU on the basis of experienceof Interim Management companies - Impact Executives Ltd from the UK and Loranc & Partners Sp. z o.o. from Poland
It staff augmentation vs delivery teamsKaty Slemon
IT Staff Augmentation Vs Delivery Teams: Know the advantages, disadvantages of both the outsourcing models and decide which one to choose for your company
Etude PwC sur l'innovation du secteur Aéronautique, Défense & Sécurité (2014)PwC France
http://pwc.to/1owpVso
L’étude "The runway to growth : Using market understanding to drive efficient innovation in the aerospace, defence and security industry" est issue du rapport “Breakthrough innovation and growth”, réalisé auprès de 1757 dirigeants issus de 30 secteurs d’activité dans 25 pays. Ce focus Aéronautique et Défense est construit sur la base des réponses des 58 dirigeants du secteur, issus de 10 pays, ainsi que d’une vingtaine d’interviews et d’une recherche parallèle effectuée sur le marché américain.
Learn about the 10-Step Strategic Account Alignment Process:
- See the 10-step account planning and implementation process using real-world examples
- Focus on 3 of the biggest challenges facing strategic account management programs
- Learn the unique approach that Global Partners uses for the account planning and management process
Report on strategic rules of Information System for changing the bases of com...Md. Khukan Miah
Achieving advantages requires broad IS management and user dialogue plus imagination. The process is complicated by the fact that many IS products are strategic though the potential benefits are very subjective and not easily verified. Often a strict ROI focus by senior management may turn attention toward narrow, well-defined targets as opposed to broader strategic opportunities that are harder to analyze.
Businesses that actively pursue innovation are better positioned to anticipate and respond to market disruptions, ensuring their long-term viability and success in a rapidly changing business landscape.
Delivering more effective marketing through the right technologyJeffrey Evans
ADMA Whitepaper looks at;
What comprises the technology stack
How to define the stack for your organisation
How planning ahead can help drive successful implementation
Choosing the best way of implementing your technology stack
Future developments in products and providers
Addressing the skills gap
Conclusions for marketers
5 Steps to Effectively Handle Digital Transformation and Business Disruption:...SVRTechnologies
Digital technology continues to change the business world dramatically. This article provides business and IT leaders’ helpful tools to drive and manage digital transformation effectively.
Running Head DIVERSIFICATION STRATEGY1DIVERSIFICATION STRAT.docxcharisellington63520
Running Head: DIVERSIFICATION STRATEGY
1
DIVERSIFICATION STRATEGY
8
Diversification strategy
Name
College
Course
Tutor
Date
Diversification is one of the strategies that the company will use so as to stay afloat in the highly competitive market. It is a risk management technique which involves mixing a wide range of investments in the same portfolio (Kenny, 2009). Most companies use the strategy so as to grow, spread risk, to fully utilize the existing resources and to escape from the undesirable industry environment. The essence of using the strategy is that on average, the different product types will yield higher returns to the company and at the same time reduce risks in comparison to individual products. Since the company market is a highly competitive one, the organization should diversify its products and services so as to attract more customers and reap as much benefits as it can from the potential market.
Diversification of the business
The advantages associated with the diversification strategy are: It creates opportunities to achieve economies of scale. It creates opportunities to expand product offerings and expand into new geographical areas. It reduces the cyclical fluctuations in sales and revenues and cash flows and it lets the company continue to grow after the core business has matured. The disadvantage is that it may be complex and difficult to coordinate the different but related businesses. The other problem with the strategy is that the managers of the firm may lack the knowledge of the firms’ businesses. The strategy may therefore be useful if well implemented and follow ups carried out so as to ensure that the strategy is effective and advantageous to the firm.
Strategy for diversification indicating the products and industries for the diversification and how synergies may be gained from the diversified activities
Diversification could either be related or unrelated to the products currently on offer. In the case of the APAtizer Company, since not all tutors require the assignments to be written in the APA format, tutorials for the other formatting styles such as Turabian, Chicago, MLA and Harvard could also be offered at the APAtizer website. That will highly increase the sales volumes due to the increase in the market size. That will be as a result of different services offered. The site could also use other retailers to offer their services. That could be through affiliate companies which would increase the company’s market.
Synergies may be gained from the diversified activities in the human resource department since there will be no need to acquire new staff as long as the diversified strategy is related. The technology will also not be acquired as the existing one will be shared in the processing of the new products and services. The few resources will be used to produce the new products and increase revenue. By using the unrelated product differentiation strategy, the synergies to be gained w.
Project report
Guide Line
Introduction
Interviewee signature
Target business
Business process
User requirement
ERD
Gantt Chart for the project plan
Introduction
Describe the whole project.
1 or two pages
Target Business(In USA)History of the business (Organization)
Location
Number of branches and etc.
Size of the businessBusiness activities
Total sales
Target area
Services and etc.
Business Process
Sequences of all the business activities that relate to new database application
Generate activity scenarios
Eg. A customer comes then register, …
Sales sequences
Process modeling
All the information for data processing
E.g. flowchart and Data Flow Diagram
Data model related information
All the information for data modeling e.g. ERD
User RequirementData Model
List all the user requirement
Identify the data model component
Complete information is required (detail enough for the ERD)
Process Model
Application part
All the process sequences must be identified
ERD & User Requirement
Match with the user requirement
Sufficient number of tables (structure)
(Complexity of the queries)
Running head: STRATEGIC PLAN PART 2 1
STRATEGIC PLAN PART 2 9
Strategic Plan Part 2
Sharitza Bailey
BUS/475
October 6, 2016
Prof. Linda McKee
Strategic Plan Part 2
Internal and external environmental analysis, and Supply chain analysis
SWOT analysis is the course of analyzing the internal and external environment of a company so as to locate the primary factors that benefit the organization appropriately. Internal environment refers to those strengths and weaknesses that mainly affect the operations in the business (Böhm, 2009). Therefore, the new division, Web technology of the Amazon Company Inc. should identify the necessary changes that will help it achieve success. It includes some factors like management, skills, and experience, structure of the business and some of the processes used, the method used to produce the products and also some of the strategies used to ensure goals are met. External environment comprises of opportunities and threats that the business is exposed. However, it is the mandate of Amazon Company to come up with new methods and techniques that will make sure that it uses the available opportunities to eliminate the threats that may lead to adverse effects on the organization. The corporation has the responsibility of using the strengths to eradicate the weaknesses as a way of achieving efficiency (Fine, 2009).
SWOT analysis table of the new division of Amazon Company
External forces
Strengths
Weaknesses
Opportunities
Threats
Legal
Sound rules and policies
Lack of adequate rules
Government control
Poor rules and policies
Global
Broad market
Barriers to entry in the market
Huge market
Competitors
Economic
Sufficient capital
Scarce capital
Large market
Lack of monetary funds
Technological
Use of developed technology
Lack of improved technology
Advanced technical practices
lack of technology
Innovation
Inno.
1- Background and ProblemThere is a regional clothing store c.docxjeremylockett77
1- Background and Problem:
There is a regional clothing store chain that has 8 different locations in the northeast. They have the traditional technologies expected for this type of store (point of sale system, inventory, etc.).
The clothing store chain has been doing well, but has seen a decrease in their sales over time. This is typical of all similar stores, with the popularity of online shopping. The store is really well known for customer service and their products, so they have not been hit quite as hard as others and is not on the verge of bankruptcy. Even with that, there is a need to look at solutions for increasing their revenue.
The store has decided that one of the things they want to do to increase sales is to invest in technology. They are not interested in necessarily changing out their existing systems though. What they want to do is invest in a technology that will help give them a solid competitive advantage compared to other similar brick and mortar stores, as well as all of the technologies that online stores take advantage of.
The primary requirements for this product are:
1. The technology needs to support multiple store locations and allow syncing so that customers have the same experience in any location
2. The solution should help support their sales by providing them with an advantage over other brick and mortar stores
3. The solution should be easily implemented in terms of any employee or customer interactions
4. Depending on what the solution will be working with in terms of data, there could be security concerns
Instead of developing a solution in-house, the regional clothing store has decided to acquire and integrate a solution. The solution may be a single product or an effort that integrates multiple products with minimal additional effort required for integration to minimize cost.
2- AS AN INNOVATION ON MY PREVIOUS PROJECT-1, I HAVE CHOSEN “Business Website” FOR “Background and Problem:”
Business Website
It is easy to set up a business website because it requires a computer and a specialist. It benefits both the consumer and the seller in different ways. The seller is able to reach as many people as possible, therefore having a high chance of gaining more customers. The customers have access to information about the products they are interested in and can even order for them and thus saving them a lot time and resources which would have been wasted if they had gone to the store physically. It is a platform which can attract stakeholders due to its ability to be accessed by anyone from anywhere. It is a cost-effective solution which should be adopted by the clothing store chain.
Selection
The company should adopt the business website other than the other two trends. Creating a website is less expensive than buying a HRIS software or adopting machine learning. A business should select an innovative technological trend which will not incur the business a lot of expenses. It also takes a short time to design ...
Marketorum is an experienced team of Business Strategists with expertise in technology and marketing based solutions.
Our solutions are based on in-depth research and facts found through Di2 methodology. This methodology is predicated on a proven, unique three-phase process which is comprised of discovery, innovation and implementation; and, has been used for finding solutions for leading worldwide organizations in a wide array of industry sectors, including hospitality, banking, consumer brands, human resources, executive recruiting, pharmaceuticals, medical and medical devices, specialty chemicals, technology and telecommunications, among others.
2020 Marketer's Guide to Emerging Technologies with Analegy Innovation Rating...Actuan Global
Technology buzzwords are inescapable but what do they all mean? In this document, we tell you which technologies are most likely to impact your customer experience. We also provide a handy score you can use prioritize the technologies most important right now.
1. Part one Post an executive summary of your Comprehensive Proje.docxambersalomon88660
1. Part one: Post an executive summary of your Comprehensive Project in the body of a post in this Discussion Board (do not use attachments). An executive summary is a 10% synopsis of a larger document that outlines the purpose, planned processes, actual processes, findings, and recommendations for the project. Chief executive officers (CEOs) often read and assess executive summaries before deciding to read entire reports. Consequently, the summary must be a high-quality narrative that demonstrates the significance of the work, addresses all the important issues being undertaken – the seven GP questions are important issues - shows, the objectivity of research and analysis underpinning the report, and establishes the credibility of the resulting conclusions. 250 to 300 words
About your company:
Your abilities in international management have been recognized, and your consulting assistance has been requested. The company Quasimoto Enterprises has been approached by a reputed Chinese firm that wants exclusive production and selling rights for one of its new high-tech products. The company has been looking for a strategic partner for the production of this product to reduce costs. Hence, Quasimoto Enterprises is very interested in exploring the possibility of developing relationships with this Chinese firm. This deal is very critical to growth of Quasimoto in the international market. Both parties are anxious and preparing for their first meeting in a month’s time to move this deal forward. This is the first time Quasimoto is doing business with China, and this is also the case with the Chinese firm.
2. Part Two: Please review the executive summaries of other students, and provide an objective assessment and constructive feedback that will help strengthen the effectiveness of their efforts and the quality of their finished reports.
Classmates executive summary #1
Q1
Executive Summary
John Leander Malloy
Toolscorps™ Corporation will be established as a C Corporation home based in Memphis Tennessee. Its known for production of home improvements products such as microwaves, kitchen appliances, exterior furniture and power tools. Toolscorp™ is a United States Manufacturer that has sold retail and wholesale. ToolsCorp™ aims to be expand inside of the global market.
ToolsCorp™ is a manufacturing company that provides interior and exterior home improvement solutions, electronical products that follow the state laws of Tennessee as well as laws in accordance with the department of revenue services. Toolscorp™ business mission is to manufacturer products locally and sale through major retailers such as Walmart, Lowes, Home Depot and 54 Lumber with the target market focused on the global region with the high demand for power tools and exterior home improvement equipment.
With obtaining success inside of the United States, Canada and Mexico, Toolscorp plans on expanding to Asia, Africa and Europe. Research shows that several African a.
The Chief Digital Information Officer (CDIO) will lead the AI & Blockchain division and work with Customers, Web-players, and AI Operators to CO-INNOVATE AI Solutions in areas such as IPR Tracking, Market Monitoring, Report/document QA & reviews and global data retrieval processes. The CDIO will work with a set of AI & Blockchain solution architects, software developers, User Interface developers, and business model developers to rapidly prototype solutions with the partners and test out new business models.
Digital strategies, digital agendas, digital business all are becoming the norm but how do you know if your organisation has taken all the right steps to leverage the digital technologies available. Here we look at the key dimensions to measure to get a picture of your digital maturity
The Future of Business: Trends in Digital TransformationQurinom Solutions
Digital transformation is the process of integrating digital technology into all aspects of a business, fundamentally changing how it operates and delivers value to customers. This transformation involves utilizing digital tools and technologies to streamline operations, improve efficiency, and enhance the overall customer experience. By embracing digital transformation, businesses can stay competitive in today's fast-paced, technology-driven world.
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The document delves into DOJO training, an immersive offline training concept designed to educate both new hires and existing staff. This method follows an organized eight-step process within a simulated work setting. The steps encompass safety protocols, behavioral coaching, product familiarity, production guidelines, and procedural understanding. Trainees acquire skills through hands-on simulations and rehearsal prior to transitioning to actual shop floor duties under supervision. The primary aim is to minimize accidents and defects by ensuring employees undergo comprehensive training, preparing them effectively for their job roles.
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UPVC Bathroom Doors Price in Kerala
When renovating or designing a bathroom, the choice of doors plays a pivotal role in ensuring both functionality and aesthetics. In Kerala, UPVC (Unplasticized Polyvinyl Chloride) bathroom doors have gained popularity for their durability, water resistance, and modern designs. This article delves into the pricing of UPVC bathroom doors in Kerala and why they are a preferred choice for homeowners.
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5. **Aesthetic Variety**: Available in various colors and designs, UPVC doors can complement any bathroom decor, from modern to traditional.
#### Price Range of UPVC Bathroom Doors in Kerala
The cost of UPVC bathroom doors in Kerala varies depending on factors such as size, design, and additional features. Here's a general overview of the price range:
- **Basic Models**: Simple UPVC bathroom doors start from ₹2,500 to ₹5,000. These doors are functional and offer essential benefits like water resistance and durability.
- **Mid-Range Models**: For more intricate designs or additional features such as frosted glass panels or metallic handles, prices range between ₹5,000 and ₹10,000.
- **Premium Models**: High-end UPVC bathroom doors, which may include custom designs, advanced locking systems, and superior finishes, can cost anywhere from ₹10,000 to ₹20,000 or more.
#### Conclusion
UPVC bathroom doors are an excellent investment for homes in Kerala, offering a blend of practicality and style. With a wide range of prices and designs available, homeowners can easily find a UPVC door that fits their budget and enhances their bathroom’s aesthetic appeal. When choosing a UPVC bathroom door, consider the specific needs of your space and the long-term benefits these doors provide. Investing in a quality UPVC bathroom door ensures a durable, low-maintenance, and stylish addition to your home.
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1. Hi
I am sending you some samples along with general introductory notes as in this email
These are to have a browse through for a broad picture, they are in some ways multi-
domain. They align to HRM, organisational studies and work from critical pieces to more
extensive studies. There is also scope to get financial management related work (not in
sample).
The nature and structure of each piece is customized so look at these samples as only
a broad overview of what it may be like. Instructions content et al., vary a lot.
No piece is perfect (none of these are- you may find very minor errors) but have to be
up to standards, “plagiarism free” (everything is picked up by software like Turnitin) and
structured and referenced in the format asked. It is NOT only about spell and grammar
check – one must read what is written on screen carefully (vision at 150/200%) or on a
printout. It will help as you will not then waste time in amendments
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mimic writing style in samples.
A range of inputs can become useful but not essential- these for example would be
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precise financial tools BUT only as the piece may demand. If you are not able to do a
task just let me know- of course moralities around accepting and completing for later
……...meanwhile have a browse through of these samples.
Introduction to sensing smart Ltd.
Sensing smart Ltd is a UK based company, which has healthy finances and a small portfolio of
services and products for the future ahead. The company is medium sized and has set its status
worldwide in the sensor market. They considerably have advanced skills and abilities in the
smart sensor technology.
The company’s present clients are great players internationally in the field of health, and are
continuously building their ways and technologies so as to make more and more clients’
worldwide. They are continuously working hard to achieve the top most position in the market
and are not too far from its successful future.
They provide their customers great services and support as needed. They also ensure that the
customers could use the solutions to their complete potential. The R and D departments are
comparatively of a larger size and have revenue through licensing of products. The main aim of
the company may b giving their clients proper technologies and services, and also providing
proper knowledge to the staff. The sensors developed by the company have a potential market in
the area of smart clothing.
The company has a smart sensor technology that is not obstructive but transparent and sturdy,
which means it might solve the various smart clothing issues such as stability and wear ability.
Planning’s and strategies for future growth
The company has been planning a lot of strategies which might lead to success and growth. The
most discussed way is being interactive with the customers and providing proper support to
them. Improving the tools and technologies will lead to success in the global market, and
2. increase the place value and the goodwill of the company. Also it needs to insure that the clients
can use the products or solutions to their complete potential.
A proper support center is very important for the clients for being safe and precise. The support
center is a great way of solving the problems of the clients and staying in touch with them, also
knowing their views, pros and cons of the product or the service.
Now, before planning the strategies we need to know the strategic management technologies,
which are given here under.
Studying the management technologies
Technology is a word from the Greek, which has been derived from two words techno and logos,
techno meaning art and logos meaning science. Therefore we can say the technology is an art of
scientific discipline.
“It has been defined as a design for performing instrumental action that lessens the uncertainty in
the cause effect relations involved to achieve a desired result”, by Everett M. Rogers.
Technology has a broad range of potential effects on management, in the business context:
• Creating a new market and new product.
• Improving the customer services.
• Cost reduction in operations. For example, some computer company made use of
technology for lowering the administrative and manufacturing cost, so as to enable the
company to sell computers at a cheaper cost than the other vendors.
• Restructuring the administrative operations. For example, the banking sector has reduced
the cost of serving its clients by using technologies like toll free call centers, automated
teller machines and web. Some years back from now, the technology was not that high
and the transactions were carried out by the humans.
• Adaptation to adjust its scale and format.
Therefore by the above we know what the objectives for managing business are, and what the
growth opportunities are and how they work.
While technology is such an important thing, the field of management technology has come into
view for addressing the particular methods in which businesses should approach the usage of
technology in business operations and strategies. Every now and then, the Technology is
constantly changing in an unpredictable manner; therefore it is essentially difficult to manage.
For maintaining, building and increasing the competitive advantage of the firm, on the basis of
proprietary know how technology management and its policies are very important.
3. Technology management and research and development management are two different things.
Research and development management also known as R&D, refers to the procedure by which a
firm can operate its research laboratories for the creation of new technologies.
Innovation and technology
The development of technology, strategy and practice of technology management needs an
understanding of the diverse forms of innovation and the attributes of each form. There are
particularly two steps necessary for managing corporate innovation properly;
The first one is to correctly identifying a project as a new product v/s a technological innovation,
so that an appropriate development procedure can be carried out.
The second one is that the managers need to identify what category an innovation falls under,
because each type of innovation has its own challenges.
For example: In the industry of aircraft, an improvement in the construction of a wing is an
incremental innovation. Such new technology could be introduced quite easily and can be
integrated with existing products. An example of a generational innovation is the introduction of
the Boeing 777, a new class of airport that is diverse from earlier models, but it is similar in
appearance to the 767 model and its predecessor, the 777 brought into existence a whole new set
of capabilities and technologies, requiring great investment by Boeing and its business partners.
Keys needed to be considered for growth and success:
Internal keys
1. Discovery – acknowledgment, formation, elaboration and articulation of opportunities.
2. Incubation – market learning, market creation, experimentation, and matching the
innovation with company strategy.
3. Acceleration – investing to build a new infrastructure, exploiting the opportunity and
technology.
External keys
1. A firm should constantly strive to increase the performance and satisfaction
2. Creation of technology standards that enable the emergence of new market.
3. Demand in the market.
4. 4. Technology management and marketing analysis.
All the above things point towards the growth and innovation, and how and why it is important
for a business to grow and establish itself. Coming back to our sensing smart ltd. It is very
important to know what the main objectives of the business are and find out how to achieve them
by taking a reference from the above. Strategic technology management plays a vital role in
order to find out the technologies and innovations those are to be made. Each and every angle of
the business should be evaluated to find the number of opportunities we have and judge them so
that we can take proper and appropriate actions to have a successful future.
For a companies growth it is very important to analyze the company’s present scenario and find
out the problems and weaknesses of the company. Reviewing the company status, analyzing the
problems faced, evaluating the factors causing troubles, making strategies for improvement,
working on the planned strategies are some of the factors that should be considered for company
management.
Evaluating the SWOT (company’s strengths and weaknesses, opportunities and threats)
Strengths:-
1. High technological knowledge
2. Capable work force
3. Unity and understanding between different management departments
4. Has a large research and development (R&D) department that focuses on licensing of
products as well as filling patents in the area of sensing smart.
Weaknesses:-
1. Less human resource
2. Weak management
Opportunities:-
From a strategic objectives point of view, the organization after being aware of the
interest of its clients, fashion and support retailers, press and competitors on patents in the
5. area of sensing smart ltd., it aims to proceed with them in order to enter a new potential
market dealing with ‘smart clothing.’
Threats:-
1. Developing management technologies
2. Growing competition
For the growth of sensing smart ltd. there should be some steps to be followed, such as the steps
of management.
The company should follow certain Management steps to sustain its identity:-
1. Establish goals
2. Identify resources
3. Establish Goal-Related tasks
4. Prioritize goals and tasks
5. Create assignments and timelines
6. Establish evaluation methods
7. Identify alternative courses of action
These conclude that building plans and strategies make the work smoother and ongoing, leading
to growth of the business.
The company needs to examine the past and the present scenarios and plan for the future growth.
Forecasting plays a vital role in future growth and innovations.
“Forecasting, as a management strategy”
Forecasting is one of the steps of strategic management. It means predicting the future in terms
of the past and future data. It gives out information about the potential future events and their
consequences.
There are 3 main types of forecasting:
1. Direct forecasting
6. • Correlative forecasting
• Structural forecasting
• specialist opinion
• Trend extrapolation
• Nature time series analysis
• Life cycle substitution
• Growth curves
2. Correlative forecasting
• Functions analogies
• Study of Technical progress
• Cross impact studies
• Lead lag indicators
• Scenarios
3. Structural forecasting
• Relevance trees
• Regression analysis
• Casual models
7. • deterministic stochastic gaming
• morphology simulation models
• mission flow diagrams
Tools of sensing smart ltd.
1. technology management
2. innovation management
3. knowledge management
4. new product or service and process development
5. business strategy
6. management/ business
7. marketing and customers
1. Technology management
Technology management of sensing smart ltd. includes the organization’s portfolio, strategies, R
& D management and acquisition.
• Portfolio methods for strategy and selection: extensively assess and manage the
available technologies, R & D portfolios and options. Then link investment, risk,
competence and strength to sensing smart ltd’s benefit (such as the new potential market
of smart clothing)
• Technology strategy: review other general yet related sensor technologies, improve both
R & D strategy deployment and development, align new technological development,
(such as smart sensors) with the goals of sensing smart ltd goals in terms of new potential
market of smart clothing
8. • Grids for linking technology to the business: asses and explore both the current and
new sensor technologies in regards to their linkages to market. Then apply findings
appropriately to support decision making, R & D management and strategy.
• Technology and its management: classify and structure the available sensor
technologies along with the management. In the mean time do consider audit, assessment
and protection of such technology bases.
• Technology sourcing and acquisition: find several technology sourcing and acquisition
options, promote R& D collaborations as well as alliance types.
• R & D management: combine strategy and portfolio methods with sensing smart ltd’s
R&D management and decision making, search for sensor technologies linkages to both
smart clothing and health market requirements.
2. innovation management
Innovation management in the sensing smart ltd
• innovation and its management: classify and structure the innovation along with its
management in the business context [i.e. sensing smart ltd’s existing (i.e. health) and
potential new markets (i.e. smart clothing), sensing smart ltd’s products services,
technologies and sensing smart ltd’s R & D]
3. knowledge management
Knowledge management in the sensing smart ltd (i.e. learning and management of information
technology systems)
• knowledge and its management: classify and structure the knowledge along with its
management (including competencies, capabilities and skills together with processes,
system and applications)
• learning and organizational development: manage individual, groups and
organizational learning (such as enhance learning on process, learning cycles, strategy,
performances, assessment and training)
• Knowledge flows and management processes: use several processes to manage existing
and new knowledge along with its flow within sensing smart ltd. in order to benefit the
business. To achieve this do consider portfolio management, skills management, sharing,
analysis, scanning or even translations.
9. • Information technologies and information systems: manage information technology
and information systems and combine their environment together with their application in
the sensing smart ltd. also, do consider the networks, communications, risk, strategy,
groups and teams, processes, investments, R & D and outsourcing.
4. new product/ service and process development
Management of the development of new products, services and processes (i.e. new smart sensors
for “smart clothing area”)
• New product or service development process: introduce and manage processes for
the new product development. Do considered the products technology performance,
contexts, life cycle as well as the links to strategy, marketing and technology
• Products or service design and creation: design and create the new product or
service. Do consider the products strategy, platform, dimensions and enhancements
• Manufacturing: efficiently use manufacturing processes, systems and technologies.
In the mean time do consider logistics as well as links to services or product context
lifecycle and innovation.
5. business strategy
Technology strategy development and deployment in the sensing smart ltd.
• portfolio methods for the technology strategy and selection: initially manage and
access sensing smart ltd’s portfolios and then link strengths, competencies, risks and
investments to business benefits (such as existing and potential new technology markets,
financial and competitive rewards etc.) finally do consider other supporting strategies,
branch marking, re-assessments and audit.
• The Structure and process: do consider various types of technology strategy, process,
structure and links to the sensing smart ltd. together with their long terms evolution in the
business
• Competitive sector or the industry assessment: assess the industrial environment (such
as other firms dealing with sensing technologies) by taking into account all of the
competitive forces, entry and exit barriers as well as strategies for emerging and declining
industries
6. Management or business
General management in the sensing smart ltd. (including and considering topics such as
leadership, e-commerce, sustainability and globalization)
10. • leadership: consider leadership aspects including persuasion, delegation, governance as
well as control
• ecommerce and internet: take into account the impact of the internet, information
technology, information systems (particularly e-commerce)
• Sustainability and environmental management: incorporate sustainability and
environmental aspects into sensing smart ltd’s strategy. Do consider social issues and
ethics while planning and design processes
• international business: assess the sensing smart ltd’s performance in the global
environment (including its organizational structure, global marketing and strategy)
• Management and business models: efficiently use various types of management
business and enterprise models.
7. marketing and customers
Marketing (involving customers, brand and product management)
• Segmentation of markets and customers: segment the target audience industry and
market together with understanding of customers needs or requirements
• Brand management: manage the sensing smart’s brand name together with aspects of
promoting, advertising and selling proposed services or products
• Product management: do proceed with the products or services from the customer’s
perspective and marketing. In the meantime, do consider major services or product
attributes (such as pricing, quality and application)
Compare the company’s current position with the basic management technologies which should
be followed and worked upon.
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