Challenges face established firms in regards to innovative technology. Three challenges include 1) working on existing opportunities; 2) pursuing future opportunities; and 3) optimally balancing the firm’s resources to work on the existing while pursing the future opportunities.
Questions
Describe how your firm allots and distributes resources for innovative technology opportunities. Link their actions to corporate strategy and corporate planning.
How does your firm allot resources to grasp existing opportunities?
How does your firm allot resources to pursue future opportunities?
Is the allotment of resources optimal?