Technological capability is the ability of the company to execute any relevant technical function, including the ability to develop new products, processes, and technological knowledge in order to obtain higher levels of organizational efficiency (Tsai, 2004).
Why is technological capability important?
Abstract: Technological capability plays an important role in achieving competitive advantages. It also increases performance of firms, industries, and as well as for the countries. Its' potential as competitive weapon has been recognized to the industry. Manufacturers are striving to outperform the competitors.
How are technological capabilities measured?
The findings revealed that, three components for measuring the level of technological capabilities in TT projects are production performance (i.e., construction cost, time, product quality, safety, productivity, profitability, and client satisfaction); technology utilisation (i.e., labour force and organisation & ...