Technology management and competitiveness: is there any relationship?

Abstract

Technology is an important enabler of competitiveness. The strategic management of technology can help organisations sustain their competitiveness. Despite such a vital linkage, only a few organisations in India seem to have been able to implement the technology strategies with remarkable success. An attempt has been made in our research to quantify this vital link between technology management and competitiveness. Criteria were identified and grouped to quantify technology management maturity and competitiveness for a select set of organisations in high-tech industries. The findings of the preliminary research are presented in this paper. The technology management performance was audited using a standard tool. Competitiveness is quantified on four important parameters covering productivity, growth, returns and market capitalisation. The results are quite predictable at times, but surprising in some firms. More research is needed to understand the best practices and diffuse them for sustainable development.