What does "technology forecasting" involve in strategic planning? 🔊
"Technology forecasting" in strategic planning involves predicting future technological trends and their potential impact on an organization. This process helps organizations align their strategic objectives with emerging technologies, ensuring they remain competitive and innovative. By analyzing patterns, potential advancements, and market demands, companies can make informed decisions about investments in research and development, product development, and resource allocation. This proactive approach enables organizations to capitalize on opportunities and mitigate risks associated with technological changes.
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