A Technological Development Model for Strategy Formation

Halvard E. Nystrom, Missouri University of Science and Technology

This document has been relocated to http://scholarsmine.mst.edu/engman_syseng_facwork/201

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Summary form only given, as follows. The author presents a technological development model for product and company development based on a distinction between explicit and implicit technologies. Implicit technologies are evolving technologies while explicit technologies are established technologies. Based on empirical data from Swedish companies, a number of strategic dimensions are discussed such as network interaction and combining knowledge from various sources. These concepts are then used to present an integrated model of strategy formation and product and company development. It is argued that this view of technological development facilitates the understanding and analysis of innovation and entrepreneurship in highly changing and changeable technological and market environments. In these situations traditional management models based on predictability and planning are not sufficient if one is to understand how radical technological breakthroughs take place and be able to create favorable conditions for their occurrence