Professional paper
https://doi.org/10.32676/n.9.1.2
The impact of technological innovation on modern strategic management
Katerina Fotova Čiković
orcid.org/0000-0003-0138-1362
Kristina Glavica
orcid.org/0009-0002-5139-5885
Abstract
Rapid technological progress and frequent innovations in the environment and in the global market
create a turbulent and uncertain environment for organizations worldwide. Strategic management
is very often faced with numerous challenges and questions in addition to its other fundamental
functions. The goal of this research is to show how technological innovations affect strategic decisions
and the strategic making process, that is, to show the connection between technological innovations
and strategic management, including their influence on strategy formulation and implementation.
The main hypotheses of the work are that technological innovations affect the process of strategic
management in the organization; that the introduction of technological innovations leads to changes in
the organizational structure and that the introduction of technological innovations in the organization
encourages employees to become drivers of innovation in all aspects of the organization. The
question of the adoption of technological innovations in the organization is very topical considering
the increasingly dynamic way of life and business, and because of the reliance of great successes on innovations. The results of the research show that the application of technological innovations
leads to changes in strategic planning processes, including changes in the organizational structure,
changes in the perception of management and an increase in the role of employees during the
implementation of a certain technological innovation. Because of the above, the scientific contribution
of this paper is significant, and will represent a solid basis for future work in this area of research.
The paper also presents the limitations of this work and plans for future work in this scientific field.
Keywords
innovation, technological innovation, management, strategic management
Hrčak ID:
314185
URI
Publication date:
31.12.2023.
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