Technology management and Organisational strategy

This discussion outlines important factors in defining technology strategy and steps to be followed in implementation of defined strategy. A focused approach on IP management is outlined in later sections of this.

Technology in the organization should be managed as an important asset to the company. Some of the important steps in management are

•     Define organizational goal
•     Taking account of what is being used
•     Define a clear ownership (role of CTO)
•     Continual improvement and assessment of technology
•     Adequate measures for protection of data

In the organization, generally these steps can be used for defining its technology strategy

Step1: Define group strategy or analyze business strategy. In this focus should also be on the line of businesses and its strategies. This strategy is generally developed by taking internal as well as external factors into account. This strategy really define course of the business.

Step2: It is also important to freeze strategic goals, operating model and define key business capabilities.

Step 3: In this step an assessment of current State of technology within the organization is done. In this step a thorough assessment of document and current architecture is conducted.

Step 4: In this step organization aims to confirm its strategic technology goals & principles. This involves Gap analysis, requirement analysis, and current trend in the technology.

Step 5: In this step an exhaustive definition of technology capabilities are defined. A detailed technology architecture and roadmap is defined that directly impact on business strategy and help the company achieve its vision.

Step 6: An exhaustive search on new technology is done to identify technology that could potentially fit in the organization and address requirement. In the step determine if technology needs to be developed in house of to be outsourced from somewhere else. In this step identify & agree on key technology programmes. The buy decision should be taken by taking various factors into account such as: Cost, Risk, challenges, and IP protection. Also, it is very important to define financial sources for development of acquisition of the technology. Depending on the risk and type of technology, various innovative methods can be employed to arrange and pay for technology. For example, in pharmaceuticals technology option are very frequently used. Another example could be Milestone payment methods.

Step 7: Follow best practice while taking technology from outside and define and document technology. Also, develop detailed programmes for training and implementation of the technology in the organization.

Step8: Update technology documentation and Measure effectiveness of the new technology.

In the end it is very important in the process of strategy formulation, organizations adopt an unspoken high-level thinking strategy that should guide their approach to strategy formulation. Individuals should inherently follow set logic, and it drives a natural sequence of activities that most organizations follow when attempting to formulate a strategy. This logic is based on natural tendencies and instincts, and is often executed without question. 

References: 

Some thoughts presented here are borrowed from public presentations made by prominent speakers and writers. 

Thanks for overlooking the typos!