Technology Acquisition and Investment Strategy
Technology acquisition and investment refer to the process of acquiring new technological systems that will improve the functioning of a firm. There are several approaches to this investment strategy. Acquiry is one way to directly invest in technology learning firms. Such firms conduct research, develop new technology, and then try to sell the products and services of their expertise to various customers. Another way is to leverage technology learning capability in a company’s internal apparatus and machinery. The results of such an investment strategy can be far-reaching since the newly developed product may find its way into other firms’ products and services.
The best way to address the need for such an investment strategy is to combine technology acquisition and technology development. By doing so, the impact of newly developed technological systems on a firm’s bottom line can be significantly reduced. This results in overall cost savings, which in turn improves profitability. Moreover, the research and development activities that yield the most effective results are typically conducted by small, start-up companies rather than large corporations.
In Nigeria, there are several technology development and investment firms that have been successful in the past. One of these firms, Kipodira Investment, has made a name for itself through mergers and acquisitions. Since 2021, the company has grown from a number of small start-ups to one of the largest technology development and investment firms in Africa. Kipodira’s core portfolio includes businesses that focus on integrated engineering services, manufacturing, and logistics. Also under the umbrella of Kipodira, the company has a number of offices in Europe, the United Kingdom, and the United States.
Technology acquisition and investment companies in Nigeria can be broadly categorized into two major categories. These categories include established firms and start-ups. Established firms are those that have a track record of developing quality mechanical and software engineering capabilities. These firms normally focus on acquiring technology that will yield short-term market advantages and high return on investment. On the other hand, start-ups are those that have recently raised a substantial amount of capital. The primary objective of a start-up firm is to make its products available to the market quickly and at the lowest cost.
In addition to the above two types of technology learning institutions, there are also others such as technology learning academies (TLA). TLA was formed by the United States Department of Defense to provide military personnel with enhanced technology learning that would help them perform their mission. The academy offers both classroom and online education programs. Some of the equipment and facilities provided at TLA schools include communication systems, computer software, networking, and other modern technologies. TLA academies have received great recognition both internationally and domestically for their commitment to educating the best professionals in the United States Armed Forces.
As part of their overall performance management roles, deputy chief management officer should engage firms that have acquired and/or are looking to acquire such companies as Microsoft, Cisco, Applied Software International, Novell, or Sun Microsystems. He or she should then ensure that these firms have the best strategic planning processes in place. The purpose of strategic planning is to identify and address the full range of risks that could affect the acquisition, implementation, operation, and future success or failure.