This document outlines the key components to include when crafting a technology selection plan for a business. It recommends identifying the current business situation, available technology options, selection criteria, feasibility factors, benefits, market analysis, customers to be served, justification for the technology, competitive advantages, critical success factors, governance team, operational plan, potential for expansion, and conclusion. The plan helps evaluate technologies and make a recommendation to address the business needs.

1. Crafting the
Technology Selection
Plan for Business
Dr Colin J Smith

2.  Visionary
 Systematic
 Driven
 Learner
 Hustler
 Passionate
 Grounded

3. Executive Summary
 Although this is the first part of the paper, it is normally
written last.
 It is written to show the reader what is expected from
the paper and highlights the main reason for acquiring
the technology as well as the benefits of the solution.
 Written in either present or future perfect tense.

4. Technology Selection Paper
 What is the current situation faced by the firm that necessitates
the adoption of new technology?
 What are the technology options that are available?
 What are your criteria used to select the technology?
 Are there feasibility conditions based on Budget, Operations,
Scheduling, Expertise or others?
 What are the must haves?
 What are the added benefits not in the original criteria?
 What are your factors for analysis?
 Make your recommendation.

5. Market and Industry Identification
 What is the worth of the current market?
 Is there room for another player?
 What will have to be the value proposition?
 How will the new offering or resource be effective?
 Benefits to firm.

6. Customers
 Are they business or consumer customers? Or both?
Customers can also be internal customers from within
the firm.
 What is the demographic / psychographic?
 What are they looking for in the product or service?
 How can the technology help in meeting the need?

7. Justification for Technology
 What are the outcomes?
 Is there time or money saved?
 Is the process improved?
 Is there innovation in the process?
 Can any of the results be further monetised?

8. Sustainable Competitive
Advantage
 Define the firm’s Sustainable Competitive Advantage.
 How can this be enhanced with the technology
implementation proposed?

9. Critical Success Factors
 List the critical success factors for the business to be
successful.
 This can be based on schedule, available customers,
necessary marketing or funds needed to sustain the
initial operations.

10. Governance and Team
 Who will be driving the project or business?
 Why have they been selected?
 What are their skills or qualifications?

11. Operational Plan
 What are the various stages of implementation? This
is best represented in a Gantt chart.
 If the firm is already in business, show the current
technology environment and the envisioned
environment with the implementation to give a Before
and After impression.

12. Expansion
 How can the new technology allow the company to
scale up?
 Are there future events that the firm would have to
react to?
 Is there an exit plan?

13. Conclusion
 State the big WHY this technology has to be
implemented as a final statement to your
stakeholders.