Solved: Strategic Management has taken on a new dimension as it has become interwoven with

Answer:-

Conceptualizing strategy and technology:-

The world is evolving now and technology has improved the way many things are done.in every organisation it is important to come with the best strategy in order for the business to succeed. However, the strategy should work hand in hand with the new technology for the best results. The following points should be considered when making a new strategy and at the same time adapting the new technology.

✓Overall cost of the new technology and how it will affect the business

✓Leave room for training of employees in case the business adapts a new technology in the future

✓Have a technical team in mind while budgeting.

✓Look and the pros and cons of the business.

✓Consider the organisational culture while making business strategy.

✓While strategizing leave room for invention and innovation.

It has been established that technology work hand in hand with strategy and the two must conceptualize. Strategic managers should think about the world of tomorrow.