Assessment and Valuing Technology of an Organization
The level of technology of an organization, which embraces the lion-share of assets in certain high tech and knowledge base companies, is included in the category of the organizations’ intangible assets. Valuing this asset is not as easy as valuing tangible assets; thus such valuing technology of an organization requires adopting adequate approach.
Valuing the technology of an organization can lead to an increase in foreign investment and transfer of technology to developing countries. Furthermore, it could also lead to an increase in value of the company as a whole which would ultimately lead to an increase in value of the company in the eye of investors, credit establishments, banks, and the like- paving the way for the ease of obtaining financial assistance. To top it, valuing the technology of an organization could also garner an increase in scientific and technological credibility of the company in the view of establishments that are supportive of such activities.
In order to value technology of a company various credible processes are implemented by Techchi. Assessments conducted by Techchi clearly illustrates the fact that The Iranian companies are generally successful in turning innovative ideas into new products. However, not paying due attention to needs of the consumers, in the early stages of the processes, makes commercialization of the products a problematic issue. For instance, though the average rating achieved for probing activities regarding the new technologies is over fifty percent, the ranking for probing activities regarding the needs and desires of consumers as well as the market assessment is at tops thirty percent. The aforementioned fact was revealed by means of one of Techchi’s research titled “Causes of Companies’ failures In Iran; 2017.”
Assessing processes of product development and management empowers companies to take into account new insights from both the engineering and technical perspectives as soon as the train leaves the station. Moreover, the process leads to discovering the pragmatic manufacturing restrictions; hence the chances of financial success of the products are boosted.
In assessing processes of product development and management the needs of the consumer are investigated as a foundation to increase the companies’ revenue. Alternatively, the mechanisms for attending the needs are identified and accordingly scrutinized- the objective being that the persistent monitoring of the consumers’ needs and attending them next to consistent monitoring of the technology will ultimately lead to mitigating the risks of failure during the commercialization phase for the products and the services. In fact, more than a handful failures in sales sector is rooted in improper diagnoses of such underlying parameters.
Furthermore, through the assessment a broad range of the systematic processes relating to the product are investigated. The spectrum of assessment could engulf the early on notion of the product expanding into the experimental and industrial prototypes. The other range of studies include targeting costs, timetables, quality, market research regarding the demand and its corresponding aspects. Moreover, the mechanisms for improving the products at hand and if needed making them redundant; thus excluding them from the production line are studied. Meanwhile, due attention is paid to various developmental requirements for manufacturing the product which could include standards and regulations, copyright and the like and finally, depending upon the company’s climate the adequate recommendations are made.
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