Technology management as part of strategic planning – some empirical results

During the past years R&D management has been broadened into technology management, and the fruitfulness of its integration into strategic management has become clear. Empirical research has shown that R&D contributes relatively more to conventional output measures of firms that capital, and might therefore be expanded. However, whether its strategic direction should be aligned with that of other business functions is less than clear. Better information, including competitor technological intelligence information, is needed to better support strategic decisions.