How Can Companies Develop Technological Capabilities?
Developing technological capabilities requires a strategic approach. Here are some key steps:
Investment: Allocate resources towards acquiring the latest technology and infrastructure. Training: Ensure employees are well-trained to use new technologies effectively. Collaboration: Partner with tech firms, academic institutions, and other entities to stay abreast of technological developments. Research and Development (R&D): Invest in R&D to foster innovation and create proprietary technologies.