Technological Blow on Organizational Performance

 

As technology innovation can help the company to build competitive advantage through making more competitive products and services and more effective processes, or creating completely new business, both academic researchers and managers have been paying much attention to the explanation of innovation success.

Due to increasing innovation costs, decreasing innovation cycles and increasing technology complexity, the achievement of a company innovation success has lately received renewed attention. Technology selection is a multi level decision including technology strategy selection and concrete technology selection.  

Technology selection means the introduction of new advanced technologies, which are often treated as the source of technological capability. The introduction of new technologies can provide opportunities for both product and service.  

Technological capability means that a company ability to understand, use and exploit relevant state-of the-art technology internally. Companies with a high level of technological capability will have greater innovation success than companies with only a low level of technological capability.

Robinson's empirical study estimates the impact of product innovation on initial market share show that the product's advantage relative to competing products has the strongest market share impact.

The relationships between organizational innovation and organizational performance in Australian Best Practice Companies the results show that organizational performance is related to organizational innovation, which consist of administrative, technical and product innovation.

There are several questions calling for further research our study just looked at the role of technology selection and capabilities in innovation success, the focus being on the sources of innovation in terms of internal factors. External factors also play a role in a company's innovation success.

Reference:

The Impact of Technology Selection on Innovation Success and Organizational Performance

Shengbin Hao, Bo Yu Business Management Department, Harbin Institute of Technology, Harbin, China.

iBusiness, 2011, 3, 366-371 doi:10.4236/ib.2011.34049 Published Online December 2011