The objective is to complete a written plan that will suggest a practical Strategic Direction for a company.
Term Project Description
This course requires the completion of a comprehensive Strategic Plan.
You have a choice to use either an existing company or a fictitious company. In either case, the Project is to complete a written
plan that will suggest a practical Strategic Direction for the company.
The Plan will have 7 sections. The 6 sections will reflect each of the 6 COs plus a bibliography. Each section will be 2 – 3 pages
in standard business proposal format.
The sections are:
Strategy (CO F)
Core Competencies (CO C)
Industry Dynamics (CO A)
Technology Sourcing and Internal Innovation (CO D)
Product Development Strategy (CO E)
Strategy to protect innovations (CO B)
A bibliography listing your references for the project
Ideas to Help Prepare the Course Project
Section 1 – Strategy
CO F – Given an organizational and industry context, identify and suggest a deployment strategy that will facilitate the success of
a technologically driven organization.
This is the most important part of the project, because it sets the direction for all other sections. In this section, you establish
the strategy for an organization.
Often people refer to this component as the “Vision” or “Mission” of a company, but it is not. The Vision for a company could be
that you want to be a market leader. However, the technology strategy tells everyone how you will achieve that market leadership.
The technology strategy tells the various stakeholders – employees, customers, community, and stockholders – what you are going to
do to achieve that market leadership. This strategy should be very clear and easy to understand so that everyone will be “on the
same page” when it comes to working together toward that goal.
In this section, you should describe what “SHOULD” be the strategy of a technologically driven company. You should focus
specifically on the technology strategy. You should think about all the things we learned in the class that will determine a
strategy that will help the company succeed.
Remember that you can use either an existing company or a fictitious company. If you choose to use an existing company, you can
visit their web site to see if their strategy is listed. Or you can do a web search on their technology strategy to see if anyone
has written any stories about their strategy. For a fictitious company, you should make up a technology strategy that fits that type
Examples of a Technology Strategy:
Verizon Wireless – Have the best network of all wireless carriers
Honda – Build the best engines
Keller – Deploy the best Internet based on-line and blended education technology, not build it, not own it, but use a 3rd party to
Intel – Have the fastest and most powerful CPUs
The key is to be able to describe the strategy in a 1 or 2 sentence summary and in detail as well. The description should start or
end with the simple sentence statement of the technology strategy. However, there must be sufficient detail to explain why that is
the right strategy.
Section 2 – Core Competencies
CO C – Given an organizational and industry context, identify the core technological competencies of the organization.
Like all subsequent sections of the project, this section is based on the Strategy Section.
Verizon Wireless Strategy is the having the best Network. Thus, the core competencies will be built around the network. Things like
RF Engineers and wireless security experts would be detailed
Intel’s strategy is to build the fastest most powerful CPUs. Thus their core competencies will be built around CPU engineering
Keller’s strategy is to deploy the best on-line education technology. Thus their core competencies would be things like educational
technology evaluation and on-line education curriculum development
The best way to do this section is to apply the three tests of a core competency (page 123) to the strategy that you detailed in the
Section 3 Industry Dynamics
CO A – Given a company situation be able to describe the industry dynamics of technological innovation.
Here you should take the strategy identified in Section 1 and describe in detail why that is the right strategy based on what is
occurring in the industry. Provide as much detail as possible as to the industry trends and why you think those trends are
Section 4 – Technology Sourcing and Internal Innovation
CO D – Given an organizational context, develop a plan to increase the innovative capabilities of the organization both through
collaboration strategies and internal innovation.
Here you would offer ideas as to what is the best way to “Source” the technology that supports the strategy. A complete discussion
about how best to manage the innovative capabilities of the company being described is required.
Section 5 – Product Development Strategy
CO E – Given information about