SST301 Strategic Management Of Technology Assignment Answer Singapore
The Strategic Management Of Technology (SST301) course provides an overview of how technology can create and sustain a competitive advantage for organizations. The course covers topics such as technology road mapping, portfolio management, and intellectual property strategy.
In addition, the course includes a major project in which students work with a real company to develop a technology strategy. This hands-on experience is an invaluable opportunity for students to apply what they have learned in the classroom to a real-world setting. As a result, SST301 is an essential course for any student interested in pursuing a career in technology management.
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Below are some activities for your assignment:
Assignment Activity 1: Formulate case study solutions through the use of Systems Thinking, marketing, finance, accounting, and supply chain concepts.
Systems Thinking is a powerful tool for business professionals. It allows you to see the big picture and understand how different parts of the system interact with each other. This understanding is essential for formulating case study solutions that are both effective and efficient. In order to formulate case study solutions through Systems Thinking, you need to have a good understanding of marketing, finance, accounting, and supply chain concepts.
Marketing helps you understand customer needs and how to communicate your solution to them. Finance provides insight into the financial impact of your solution. Accounting gives you a clear picture of the costs and benefits associated with your solution. And supply chain helps you understand the logistical implications of your solution. By understanding all of these concepts, you will be able to develop case study solutions that are truly effective and efficient.
Assignment Activity 2: Assess the relationships between corporate strategy and technology.
Corporate strategy and technology are inextricably linked. Technology can give a company a competitive advantage, and it can also enable the company to achieve its strategic objectives. For example, a company that is looking to enter new markets may develop a mobile app that makes it easy for customers to purchase its products.
Or a company that is looking to improve customer satisfaction may invest in the new customer service software. In both cases, the right technology can help the company to achieve its desired outcome. At the same time, it is important to remember that technology is not always the solution.
In some cases, a company may find that a different approach is more effective. For example, a company that is trying to reduce costs may find that outsourcing certain functions is more effective than investing in new technology. Ultimately, the best approach depends on the specific goals of the company.
Assignment Activity 3: Debate the design and implementation of technology strategies in given cases from an evolutionary perspective.
One of the key debates in technology strategy revolves around the role of evolution. On one side of the debate are those who believe that technology should be designed and implemented using an evolutionary perspective. This means taking into account the way that new technologies emerge and evolve over time, and designing strategies that allow for this process to take place.
On the other side of the debate are those who believe that technology should be designed and implemented using a more traditional approach. This approach focuses on creating isolated systems that are not subject to change or evolution over time. There is no right or wrong answer in this debate, but it is important to consider both sides before making a decision about which approach to use.
Assignment Activity 4: Set up the key issues in the development of a company’s innovative capabilities to implement a technology strategy.
A company’s innovative capability is the ability to generate new ideas and turn them into valuable products, services, or processes. This capability is important for companies seeking to implement a technology strategy, as it allows them to develop new technologies that can be used to create competitive advantages.
There are several key issues that need to be considered in the development of a company’s innovative capability. First, companies need to identify and invest in the right mix of people, organizational structures, and processes. Second, they need to create an environment that supports creativity and risk-taking.
Finally, they need to have the right incentives in place to encourage employees to generate and implement new ideas. By addressing these issues, companies can develop the innovative capability necessary to successfully implement a technology strategy.
Assignment Activity 5: Create and implement a technology strategy given a case study.
In order to create and implement a technology strategy, it is first necessary to understand the needs of the business. Once these needs have been identified, it is important to research various technology options and choose the ones that best fit the business goals.
Once a decision has been made, it is then necessary to develop a plan for implementing the chosen technology. This plan should include a timeline, budget, and clear objectives. Finally, it is important to monitor the implementation process to ensure that everything is proceeding as planned. By following these steps, it is possible to create and implement an effective technology strategy.
Assignment Activity 6: Evaluate the main ideas generated from a given case study to increase and develop capabilities for managing technological innovation.
The case study of Google’s success in managing technological innovation highlights a number of key factors that are essential for any organization looking to increase its capabilities in this area.
First and foremost, Google has been extremely successful in attracting and retaining top talent. The company’s culture of innovation and creativity has allowed it to attract some of the best minds in the tech industry, which in turn has helped it develop a strong track record of coming up with new and innovative products and services.
Secondly, Google has been very effective in deploying its resources to support new product development. The company has made significant investments in research and development, which have yielded a steady stream of new ideas and products.
Finally, Google has been very adept at taking advantage of new technologies as they emerge. The company has been quick to adopt new platforms and technologies, which has helped it maintain its position as a leading innovator in the tech industry.
By considering these main ideas from the case study, other organizations can learn from Google’s example and take steps to improve their own capabilities for managing technological innovation.
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