UPDATED ALGORITHM OF INNOVATIVE STRATEGIC MANAGEMENT E-SYSTEM FOR TECHNOLOGY NEW VENTURES ALGORITHM, PROCESSES, CLASSIFICATION FRAMEWORK, TOOLS AND APPLICATION

SIA, TSOLOVA (2014) UPDATED ALGORITHM OF INNOVATIVE STRATEGIC MANAGEMENT E-SYSTEM FOR TECHNOLOGY NEW VENTURES ALGORITHM, PROCESSES, CLASSIFICATION FRAMEWORK, TOOLS AND APPLICATION. In: Second International Conference on Advances In Social Science, Management and Human Behaviour - SMHB 2014, 25 - 26 October, 2014, Zurich, Switzerland.

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Abstract

This work aims presenting the results from a research on remodeling the process of strategic management specifically for technology new ventures and creation of algorithm which can be used as a basis for an innovative e-system for strategic management for technology new ventures (technology startup companies). The presented algorithm of the e-system is based on research including: adaptation of the classical process of strategic management for technology new ventures, modification of the balanced scorecard model, development of strategic identifying and analyzing modeling canvas; development of an innovative detailed process for strategic modeling for technology new ventures with development of all included sub steps and tools; application of 3-dimensional classification model of the basic typological strategies for technology new ventures and defining of the corresponding key factors of success, strategic threads, etc., based on research amongst 121 entrepreneurs in the technological sphere (107 from Bulgaria and 14 from other countries). The presented algorithm for strategic management e-system gives entrepreneurs in the technology sphere the tools and process for strategy management, with corresponding developed automation and interconnections, as well as guidelines from the elaborated through the current research results for the different typological strategies for technology new ventures according the presented 3-dimentional classification. The presented algorithm follows the sequence of steps in the process of strategic management specifically redesigned for technology new ventures and is describing the developed and implemented in the e-system algorithm, underlining processes, tools and interconnections, as well as the automation principles of work of the system and its applications.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: algorithm; innovative; strategy; management; esystem; strategic; process; technology new ventures.
Depositing User: Mr. John Steve
Date Deposited: 29 May 2019 12:22
Last Modified: 29 May 2019 12:22
URI: http://publications.theired.org/id/eprint/2980

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