Challenges and Opportunities of Emerging Technologies in Strategic Management
Keywords:
Challenges and Opportunities, Emerging Technologies, Strategic ManagementAbstract
This article examines the challenges and opportunities that emerging technologies bring to strategic management. Given the rapid technological advancements and their impacts on businesses, it is crucial for managers to have a precise understanding of these opportunities and challenges. From the use of drones in livestock management to open innovations in improving strategic performance, new technologies offer both advantages and difficulties. Referencing various studies, this paper explores how companies can optimally leverage these opportunities and effectively confront the associated challenges. The goal of this article is to provide a comprehensive perspective on the role of emerging technologies in the formation and implementation of business strategies.
Downloads
References
Alanezi, M. A., Shahriar, M. S., Hasan, M. B., Ahmed, S., Sha’aban, Y. A., & Houssem, R. E. H. B. (2022). Livestock
Management With Unmanned Aerial Vehicles: A Review. IEEE Access. https://doi.org/10.1109/access.2022.3168295
Gandrita, D. M. (2023). Technology and family business: from conceptualization to implementation in strategic planning – a
perspective article. Journal of Family Business Management, ahead-of-print(ahead-of-print).
https://doi.org/10.1108/JFBM-07-2023-0105
Hughes, M., Hughes, P., Morgan, R. E., Hodgkinson, I. R., & Lee, Y. (2020). Strategic Entrepreneurship Behaviour and the
Innovation Ambidexterity of Young Technology-Based Firms in Incubators. International Small Business Journal
Researching Entrepreneurship. https://doi.org/10.1177/0266242620943776
Keupp, M. M., Palmié, M., & Gassmann, O. (2011). The Strategic Management of Innovation: A Systematic Review and Paths
for Future Research. International Journal of Management Reviews. https://doi.org/10.1111/j.1468-2370.2011.00321.x
Matulova, P., & Kuča, K. (2018). Open Innovation as a Tool of Strategic Management. https://doi.org/10.36689/uhk/hed/2018-
-005
Nascimento, L. d. S., Reichert, F. M., Janissek-Muniz, R., & Zawislak, P. A. (2020). Dynamic Interactions Among Knowledge
Management, Strategic Foresight and Emerging Technologies. Journal of Knowledge Management.
https://doi.org/10.1108/jkm-01-2020-0044
Parsakia, K., Kazemi, S., & Saberi, S. (2023). Strategic Management of Technology in Psychology: Implications for DecisionMaking. Health Nexus, 1(3). https://doi.org/10.61838/kman.hn.1.3.12
Ruan, L., Zhang, Y., & Peng, L. (2015). A Study Based on the Effect of Strategic Orientation on Management Innovation and
Human Resource Management of a Business. Acta Oeconomica. https://doi.org/10.1556/032.65.2015.s2.7
Ruchiwit, M., Patchotasingh, M., & Phanphairoj, K. (2019). Strategies for Creating Innovators in Thailand’s Higher Education.
Journal of Medical Education and Curricular Development. https://doi.org/10.1177/2382120519863078
Zahra, S. A., Hayton, J. C., Neubaum, D. O., Dibrell, C., & Craig, J. B. (2008). Culture of Family Commitment and Strategic
Flexibility: The Moderating Effect of Stewardship. Entrepreneurship Theory and Practice. https://doi.org/10.1111/j.1540-
2008.00271.x
Downloads
Published
Issue
Section
License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
