"A 40-year History of the Asia Pacific Journal of Small Business : Small and Medium Venture Business Policy and Strategic Management of Small and Medium Venture Businesses"

2020 ◽  
Vol 42 (3) ◽  
pp. 101-121
Author(s):  
Won-Seok Seo ◽  
Sang-Myung Lee
Keyword(s):  
Small Business ◽  
Strategic Management ◽  
Asia Pacific ◽  
Business Policy ◽  
Asia Pacific Journal ◽  
History Of ◽  
Venture Business

IT IN STRATEGIC APPROACH TO TECHNOLOGY DEVELOPMENT

2018 ◽  
Vol 28 (4) ◽  
pp. 1377-1381
Author(s):  
Miodrag Trajković ◽  
Jasmina Jasmina
Keyword(s):  
Strategic Management ◽  
Information Technologies ◽  
Technology Development ◽  
Complete Response ◽  
Present Moment ◽  
Business Policy ◽  
Competitive Position ◽  
Strategic Approach ◽  
Technological Base ◽  
Strategic Manager

The basic direction of the development of society is the development of technology, information flow, organization way, and management. Therefore, the need to use the latest knowledge in defining, selecting and implementing strategies with adequate information technologies is now an unimaginably successful business. Strategic management is a set of management decisions and actions that determine long-term functioning and business policy. The process of strategic management involves establishing a company's relationship with the environment and positioning in it. The strategic goal has a directing role from the existing to the desired position (optimal). The implementation of the strategy in our companies is based on two groups of factors. The first group consists of the organizational structure and the management system of companies, and the second group consists of the human factor in the broadest sense. We also know that at the present moment the economy is almost impossible to survive if it is based on one particular technology. This means that today an increasing number of industries whose technological base is based on a growing number of interconnected different technologies. What technology has to be implemented in order to achieve competitiveness? A complete response includes identifying critical products, processes, applications, and system technology. The key technology provides a competitive advantage, the factor of today's success, they are in the application phase, competitors with them have not implemented enough yet, and offer a significant opportunity for building differentiating properties and for expanding the application. Leading in technology, provides the company support to the existing competitive position, in relation to supporting upcoming technologies which are important for creating a future competitive position. The aim of the paper is to provide the strategic manager of the company a conceptual framework for formulating and implementing strategic options for the application of information technologies in making key decisions in the approach to technology making

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