The Assessment of Level of Technology
It could be stated that having prowess over technology for many companies, particularly those companies which are engaged in knowledge-based and technology driven activities, is proven to be the most significant competitive advantage. Predominance in a particular technology could assist the executives to identify the companies’ weaknesses and strengths relevant to a major technology; thus making the adequate decisions. The findings associated with assessing the level of technology could also be implemented in valuing the intangible assets of a particular company. Furthermore, the assessment is also utilizing for a company’s contractors as well as business and strategic partners to take major steps in line with improving the brand and the brand image. Eventually, the measures will lead to better perspectives regarding drafting cooperative agreements.
The assessment is also quite beneficial regarding transfer of technology in a sense that both the party receiving the technology and the party providing it could effectively judge the proper execution of the contract involving the transfer of a particular technology. And last but not least, the assessment places the companies in nine levels in terms of their technological prowess.
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