CONVERGENCE OF TECHNOLOGIES

Technology is a catalyst for competitive advantage. However, it is how technology is used that leads to a firm's improved performance. In this article, an investigative framework is constructed to understand better what strategically drives new technology adoption. The strategic drivers include...

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Bibliographic Details
Published in:South African journal of industrial engineering 2011-05, Vol.22 (1), p.13-28
Main Author: Siriram, R
Format: Article
Language:English
Subjects:
Business models
Computer networks
Convergence
Engineering, Industrial
Fast moving consumer goods
Information technology
R&D
Research & development
Strategic planning
Studies
Technological change
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Summary:Technology is a catalyst for competitive advantage. However, it is how technology is used that leads to a firm's improved performance. In this article, an investigative framework is constructed to understand better what strategically drives new technology adoption. The strategic drivers include technology and business strategy alignment, better technology planning and selection of new technologies, the effects on a firm's culture and climate, links to a firm's organisational and environmental evolution, and benefits through convergence and collaboration. Using an investigative framework, it is shown how the strategic drivers link to improve a firm's performance, producing competitive advantage. The investigative framework is tested using structural equation modelling. Various hypotheses are formed, and recommendations for further research are made. [PUBLICATION ABSTRACT]
ISSN:1012-277X
2224-7890
2224-7890
DOI:10.7166/22-1-30