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Topic Review
Technology Strategy
Technology strategy (information technology strategy or IT strategy) is the overall plan which consists of objectives, principles and tactics relating to use of technologies within a particular organization. Such strategies primarily focus on the technologies themselves and in some cases the people who directly manage those technologies. The strategy can be implied from the organization's behaviors towards technology decisions, and may be written down in a document. The strategy includes the formal vision that guide the acquisition, allocation, and management of IT resources so it can help fulfill the organizational objectives. Other generations of technology-related strategies primarily focus on: the efficiency of the company's spending on technology; how people, for example the organization's customers and employees, exploit technologies in ways that create value for the organization; on the full integration of technology-related decisions with the company's strategies and operating plans, such that no separate technology strategy exists other than the de facto strategic principle that the organization does not need or have a discrete 'technology strategy'. A technology strategy has traditionally been expressed in a document that explains how technology should be utilized as part of an organization's overall corporate strategy and each business strategy. In the case of IT, the strategy is usually formulated by a group of representatives from both the business and from IT. Often the Information Technology Strategy is led by an organization's Chief Technology Officer (CTO) or equivalent. Accountability varies for an organization's strategies for other classes of technology. Although many companies write an overall business plan each year, a technology strategy may cover developments somewhere between 3 and 5 years into the future. The United States identified the need to implement a technology strategy in order to restore the country's competitive edge. In 1983 Project Socrates, a US Defense Intelligence Agency program, was established to develop a national technology strategy policy.
  • 697
  • 14 Oct 2022
Topic Review
Technologies and Industry 4.0 in Forest Supply Chain
Forestry products and forestry organizations play an essential role in our lives and significantly contribute to the global economy. They are also being impacted by the rapid development of advanced technologies and Industry 4.0. More specifically, several technologies associated with Industry 4.0 have been identified for their potential to optimize traditional forest supply chains. This research systematically investigated these technologies and the scientific evidence on their impact on forest supply chains. 
  • 1.2K
  • 16 Jan 2022
Topic Review
Technological Innovation and Economic Growth
Economic growth is a tool for measuring the development and progress of countries, and technological innovation is one of the factors affecting economic growth and contributes to the development and modernization of production methods. Therefore, technological innovation is the main driver for economic growth and human progress. Spending on innovation, research and development as well as investment in innovation supports competition and progress. Accordingly, sustainable economic growth is achieved. This ensures the preservation of resources for future generations and the achievement of economic and social growth. Moreover, a sustainable educational level of the workforce, investment in research, creation of new products, and investor access to stock markets will be ensured through the development of the public and private sectors and the improvement of people’s living conditions.
  • 23.3K
  • 13 Apr 2022
Topic Review
Technological Dualism
Technological dualism was proposed by Benjamin Higgins. He was the Ritchie Professor of Economics at the University of Melbourne in the late 1940s. His theory explains the causes of unemployment in the underdeveloped economies. Developing countries of today are often characterized by dualistic economies. One is the modern (or formal) sector while the other is the traditional (informal) sector. Their relation has been explained by Higgins in his theory explained below.
  • 6.7K
  • 23 Nov 2022
Topic Review
Teamwork
Teamwork is a process in which team members, using their individual knowledge, experience and skills through dynamic interaction with other team members, seek to achieve the common goals of the organization, and thus achieve a synergistic effect. According to Driskell et al., “teamwork is the process through which team members collaborate to achieve task goals. Teamwork refers to the activities through which team inputs translate into team outputs, such as team effectiveness and satisfaction” [1] (p. 334). Yang [2] stated that “teamwork behavior is considered an effective way to create synergy in work teams. A team can achieve effectiveness by creating team synergy through the mechanism of process gain and loss. Teams can maximize process gain and minimize process loss to maintain high levels of teamwork through members’ cooperation with colleagues, volunteering for tasks that go beyond their formal work requirements, and exhibiting helping behaviors toward others” (p. 4).
  • 9.9K
  • 28 Oct 2020
Topic Review
Taxonomy of Product–Service System Perturbation
Perturbations have a negative influence on the operation of the business system, which may weaken business performance. Product–service system (PSS) perturbations could be classified into six categories, namely, behavioral, social, environmental, competence, resource, and organizational perturbations. The proposed terminology and taxonomy appear to be effective, which could enable researchers to understand the scope of PSS perturbations on a conceptual level. This finding is also expected to provide useful knowledge and information for researchers who are interested in vulnerability analysis and the robust design of PSS.
  • 537
  • 21 Oct 2022
Topic Review
Taxing the Digital Economy through Consumption Taxes
Owing to the Fourth Industrial revolution and digital transformation, the digital economy has grown substantially globally and in Africa. Despite the positive outcomes such as advancements in technology, improvements in business models and expansion in digital financial inclusion, negative implications include the erosion of tax bases due to the invisible nature of digital transactions. Although the digital economy is one of the biggest and quickest growing sectors in the African continent, its contribution to tax revenue is negligible. Developed and developing countries are grappling to find effective ways of mobilizing revenues from this hard to tax economy. African countries have turned to digital services taxes, value added taxes and withholding taxes in a bid to collect revenue from the digital economy to broaden their tax bases. There is intense debate among policymakers, governments, development bodies and tax bodies on the most effective way to tax the digital economy.
  • 904
  • 28 Sep 2022
Topic Review
Taxes in Cross-Border Supply Chain Modeling
The tax policies in different sovereigns bring new challenges to the operators of CBSC, especially for the SMEs with weak capital risk resistance. The resulting tax-related costs will significantly affect the firms’performance and consumers' utility. Therefore, the interface between CBSC operations and tax planning has aroused broad concern from the industry.
  • 447
  • 17 Jan 2022
Topic Review
Tax Buoyancy in Indonesia
In Indonesia, the taxation system operates within a family-based framework, where the combined income of all family members is considered a single economic entity for taxation purposes, typically managed by the father. In the realm of taxation, entities or corporations denote groups of individuals or capital functioning collectively, irrespective of their engagement in commercial activities. Value-added tax (VAT) is obligatory for businesses offering taxable goods or services, necessitating their registration as VAT taxpayers. 
  • 106
  • 12 Jan 2024
Topic Review
Targeted Reserve Requirement Ratio Reduction
In China’s bank-centered financial and economic environment, bank risk attitudes have an important impact on the effective implementation of structural monetary policy, and monetary policy can have an impact on the corporate ecosystem through risk taking by banks. To make an economic assessment of the evolution of the banking ecosystem and empirically explore the correlation between targeted Reserve Requirement Ratio (RRR) cuts and banks’ risk-taking levels in the context of financial supply-side structural reforms, multiple regression analysis and a fixed-effects model are used to analyze the causal impact of targeted RRR reduction on the risk taking of Chinese commercial banks.
  • 330
  • 30 May 2022
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