Financial Benefits of Analyzing Emerging Technology
There is one primary question most business executives ask when considering the adoption of emerging technology: what kind of economic return will I get in proportion to the expenditure? That question is of paramount concern to businesses ranging from sole proprietorships to Multi-National Corporations (Rheingold, 1994, 32-28). Answering that question has given rise to a new profession — technology managers, or TMs (Chesbrough & Teece, 1996, 68).
In a commercial situation, TMs are responsible, as a rule, for five main areas: a) keeping upper management informed about new technologies that might improve profitability, b) keeping all..