The pressure every executive belonging to the top management encounters is mainly maximizing short term profits with the existing R&D and technology so they are able to sustain the company over the long term. There are many ways technology can transform and exponentially improve a business. Collaborating across time zones with no formal structure, knowledge, place or time increasingly resides in the cloud and is indeed, gaining a very competitive advantage. It is a fact, that the network and not the individuals created the real change.
It is clear that the firm’s ability to create and maintain an advantage largely depends on its management of technology, which includes incremental improvements in product quality and growing its cash flow. Information technology and the R&D drives innovation, and innovation is the major key to success. It is the main tool that makes it possible for the business to solve complex problems and develop an effective strategic plan.
Technology helps business executives make better decisions based on real time data. Good business decisions can only be truly efficient and effective if based on solid market research with real time historical or trend data. In addition, cloud computing allows the team to use any device, access the app, and easily coordinate online.
If the purpose of a business is to grow the company and increase ROI, then technology coupled with innovation is the way to do it, faster. Strategy depends on accuracy of feedback and analysis of specific data for scalability. It is evident that speed and accuracy in decision making can be achieved with better cloud computing and modern communication, centered on much needed technology upgrade.
Technology is one thing businessmen should not take for granted. Some business operations adapt and reorganized based on its present technology so it can set better revenue goals and business strategies. Reengineering are often done because of the change in technology.
What then is the significance of technology to business strategy? An effective management requires good understanding of the business goals, emerging technologies, marketing strategy, and the right technology to support the business operations as well as its marketing plans (Schwalbe 132).
This selection of technology makes analysis of the business processes and market trends, as well as designing the core business strategies a bit easy, fast, and convenient. The information technology definitely supports the changing business needs, business goals, and emerging technologies, as well as addresses their related opportunities or risks.
For example, the success of the most pharmaceutical industries naturally lies in its powerful drug chemistry formulation, research and development, and the use of technology to support business operations, shape business strategies, and facilitate future drug discovery with potential higher ROI. In this dissertation research writing, I intend to enhance the importance of using technology in order to improve business strategy.
The convenience of the patient as well as its easy administration makes a tablet increasingly popular as one of the most feasible and profitable emerging technologies. Tablets are the most convenient and reproducible device ever discovered for drug delivery (Swarbick 481).
Pharmaceutical companies categorized tablets according to its disintegration or release characteristics, such as slow extended, sustained, or delayed release tablets (Swarbick 481). The goal for the modifications of the release characteristics of the drug is to lessen drug administration of patients.
This highlights the importance of tableting technology to maintain the quality of the tablet product to make sure that the tablet delivers the active ingredients in an accurate, timely, and reproducible manner. The tableting technology deals on the compression of the tablets with proper regulation of the pressure and the proper cohesion of particles.
It also eliminates the adhesion of particles to the machine (Wells & Rubinstein 83). The tablet technology operative procedure and tooling complexities require intensive quantitative analysis and determination of the timing and accuracy during the tablet injection (Wells & Rubinstein 83). The manufacture of tablets uses direct compression, conventional blending machines, and high-speed presses.
In developing the procedure, the tablet emerging technology requires several tests on its ejective curves that is especially focused on force and time. The tablet technology ejection curves directly affect the compression levels of the machine. One could say straightforward that the design formulation and the skill of the tablet operators are crucial to the quality of the pharmaceutical tablets.
The tablet technology requires operators’ knowledge about ingredient characterization to enhance the drug delivery on the human body. The compressed tablet technology is less expensive, but tablets may dissolve at a slower rate and sometimes can leave a discomforting gritty feel. However, the tablet technology is more suited for loading larger quantities of active ingredients (Augsburger & Hoag 296).
The tablet technology plays a major role in the lives of the elderly, children, and the poor. The technology can produce cost effective fast disintegrating tablets for easy administration of the medicine without affecting the action of its active ingredients.
The pharmaceutical companies facing the challenges of producing better performing drug delivery system practically can leverage the tablet technology to become leaders in burst release products. This greatly reduces the efforts and involvement of the health workers in terms of medication timing. This drug delivery system can increase the compliance rating factors with patients as well as simplify the delivery methods of drugs (Allen, Popovich & Howard 233).
The goal of the tablet technology is to develop new methods in delivering biologically active ingredients at the right dose at the right time. However, the right formulation and the right technology that could create the smallest tablet carrying the desired drug release characteristics, as well as reduce manual timing of oral dosage is needed to improve the drug delivery among the children and the elderly.
The tablet technology is crucial to developing the drug’s high potency in smaller sized tablets and controlled release. Technology management needs to be separated with R&D in the creation of new technologies. IT infrastructure may consists of sophisticated data centers, network of applications, and analytical tools.