A framework for managing the sophistication of the components of technology for global competition

Joel D. Haines (Doctor of Management degree candidate at the Graduate School of Management & Technology, University of Maryland University College)
Nawaz M. Sharif (Doctoral Program Director and a Professor at the Graduate School of Management & Technology, University of Maryland University College)

Competitiveness Review

ISSN: 1059-5422

Publication date: 1 June 2006

Abstract

As our world becomes increasingly more technology driven and global competition continues to intensify, the technology resource components available to a firm will be required to become more sophisticated in order to achieve and maintain a competitive advantage. Higher levels of sophistication are achieved through technological innovation that is effectively managed. But, to effectively manage technological innovation, we must first come to a clearer understanding of the resource components of technology. This paper describes the way various people perceive the meaning of technology, discusses the confusion that exists, and suggests a construct for classifying the components of technology to mitigate the confusion. Finally, a framework for benchmarking and technology assessment is presented to suggest a way for a firm to better manage its technology component sophistication level for global competition.

Keywords

Citation

Haines, J. and Sharif, N. (2006), "A framework for managing the sophistication of the components of technology for global competition", Competitiveness Review, Vol. 16 No. 2, pp. 106-121. https://doi.org/10.1108/cr.2006.16.2.106

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Publisher

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Emerald Group Publishing Limited

Copyright © 2006, Emerald Group Publishing Limited

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