STRATEGIC MANGEMENT OF TECHNOLOGY AND INNOVATION Free Essay Example, 1000 words

Police vehicles and ambulances which use the line of lights on top of vehicles. The use of LEDs is also becoming famous in normal everyday items of use like Televisions, radios, telephones, watches and even in calculators (Schubert, 2006). These are also used in the festive lights. b) Electric Cars: These are in most cases used by golfers to carry around the golfs and the entire packs across the course. This was the original use of the cars, however as time has passed by, the electric cars are now also used in huge resorts, where the guest can move from rooms to the restaurants in the small electric cars. Also the most recent users of electric cars are the general public. These cars have been introduced worldwide and are being used as a replacement to the traditional fuel vehicles. Also the other main segments of the markets are the racers, conversions, and hobbyists. (4) Identify the types of organizations that may need to evaluate strategy more frequently than other types of organizations. Justify your choices. There are several organizations that need to identify and evaluate their strategies more than any other organization. We will write a custom essay sample on STRATEGIC MANGEMENT OF TECHNOLOGY AND INNOVATION or any topic specifically for you Only $17.96 $11.86/pageorder now These are mainly the ones operating in the turbulent industry and which need to ensure that the strategies are in line with the current market needs as well. The various industries that need to be a part of these are, electronics, aerospace, and any other organization who base all products and services on electronic items. Some excellent examples are mobile phone manufacturers, computer industry, aerospace industry, gaming industry, i.e. the game producers like Sony, Television and entertainment industries. The main reasons for the need to evaluate strategy are the fast and unstoppable improvements of technology every single day. This leaves the companies needing to create newer products which can compete in the markets. Take the example of Sony, The company first brought in the Play Station, and with the high improvements in technology, the immediate next step was the improved version, i.e. the Play station 2 and within a very short period Play Station 3. The main difference in these is the technology used and the basic strategies of development of the games. Companies of this nature need to be updated at the earliest to ensure that they have the first mover advantage and gain over the market as well (Dixit & Nalebuff, 1993). Hence they need to continuously improve their strategies. (5) Compare and contrast having strategic management more visible or hidden as a process in a company.