Strategic Management: Formulation and Implementation

Technological Capacity And Technology

Between technological capacity, which represents the stock of technology producing assets (e.g., R&D laboratories, higher educational institutions, the knowledge of managers and administrative workers) and technology, that is, the output of technology capacity (e.g., new products, organizational improvements, new forms of transport and communication).

Human Assets And Physical Assets

Between human assets (e.g., the stock of scientists and engineers, managers, etc., and the services flowing from them) and physical technological assets (e.g., buildings, plant and equipment, drawing, etc., and their output, including patents).