Technology Development Strategy Model Based on Global Balance Approach in Developing Countries

Document Type : Research Article (Original Article)

Authors

1 Assistant Professor, Faculty of Management and Industrial Engineering, Malek Ashtar University of Technology, Tehran, Iran.

2 Mcs in Physics, Faculty of Physics, University of Isfahan, Isfahan, Iran.

3 PhD in Fiqh and Principles of religious jurisprudence.

Abstract

Globalization of economy is posing unprecedented opportunities and challenges for firms especially in developing countries. How does a firm best structure itself to thrive in current dynamic environment with high degree of uncertainty and go about entering global markets is one of the most risk issues in this era. Technology development strategy in alignment with business strategy is of increasing importance to achieve sustaining development. In this paper, we introduce global balance approach as a potent driver for crafting technology development strategy. This paper provides an overview to technology development framework and methodology in SAIRAN, composed of technology selection, acquisition strategy, and timing, at the core of which lies capability assessment, attractiveness, and road mapping. A case study on technology development in the field of medical equipment's and entering global market verifies the introduced methodology and how it can support global balance approach in order to deliver successful products in fast response to market, with higher quality, service levels, scalability, flexibility, and lower price.

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History

  • Receive Date: 05 February 2017
  • Revise Date: 23 April 2021
  • Accept Date: 05 February 2017

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