Technology is the heart of strategy development and execution. The research conducted in the past decade revealed a growing awareness of the need to incorporate technological issues within strategic decision making. Organizations today have increasingly discovered that technology and strategy are inseparable. For technology has an inner logic that simply must be considered in a company’s strategic planning – that process of creating a concept of the business it is in, identifying its goals and objectives and the long-term policies to meet them, and formulating plans of action.
Thus, the impact of technology today on business strategy, decision-making, and value creation are posing companies across the globe to reimagine the role of technology. That means it’s making them reconsider the traditional operating models and organizational structures.