Question:
1. Allot resources to optimally pursue new opportunities
2. Allot resources to successfully grasp existing opportunities
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.
Guiding Questions to Consider Prior to the Discussion
1. How does your firm allot resources to grasp existing opportunities?
2. How does your firm allot resources to pursue future opportunities?
3. Is the allotment of resources optimal?
Read Conclusion: "Innovation Challenges in Established Firms".
In light of the questions posed under "Guiding Questions", describe how your firm allots and distributes resources for innovative technology opportunities. Link their actions to corporate strategy and corporate planning.
Post your response (250-300 word minimum) to the Discussion Board.