Stites & Associates, LLC
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Evidence-Based Decision-Making
 

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Stites & Associates, LLC an Expert in Technology Development:

Successful Technology Development requires a blend of management skills that is not very common.  It requires unique organizational skills, Human Resource management skills, technical savvy, creativity, innovation and discipline.  At some point in the organization strategic vision, technical savvy, market insight and business shrewdness have to be synthesized with artful human interactions to build an organization that can thrive in an incredibly diverse environment.  Few achieve this and most organizations suffer with some form of dysfunction.  Even those who find this balance rarely can sustain it for long and are constantly needing to revitalize their organization and update their strategies and plans.

No one person possesses all the skills needed to do effective Technology Development.  Hence, it requires a functioning team, working together to accomplish shared goals while being cognizant of emerging market, technical and financial challenges.  The saddest thing about the Knowledge Business is that it is always changing and doing so very quickly.  This is where SALLC can help you build, maintain and even “turnaround” a Technology Development team.  Furthermore, SALLC has the technical expertise to assist in actually carrying out your Technology Development mission.  Because the Technology Development landscape is always changing, it is common for an organization to find itself missing a crucial skill.  SALLC can often provide that skill while it is being developed in the organization.

SALLC understands the Technology Development process having been involved in it at Management and Executive levels in industries as diverse as Environmental Laboratories, Bio-mass Gasification, Oil & Gas Production, Custom Machining, Chemical Catalysis, Oil Shale Production, Carbon Dioxide Capture and Wine Aging.  Our founder has five awarded patents and many pending applications in these areas (see Patents).  Most of these were developed for Clients and added to their list of useful Intellectual Property.

Technology Development has multiple components.  One of the most obvious is technical development.  That has to do with the nuts and bolts of the performance of the Technology.  These include features like speed, yield, cost, quality, reliability and etc.  Also including in Technology Development are issues like Finance, Manufacturing, and Marketing.  These cannot be ignored.  It is critical that they be coordinated with technical development or the organization could find itself “selling from an empty wagon.”  This is not a hypothetical.  There are many examples of companies that have failed to adequately evaluate their technology.  This has resulted in business failures of epic proportions.

The steps needed for effective Technology Development include (more or less chronologically):

  • Evaluate Technology Features and Market Opportunity

  • Evaluate Details of Technology – Sorting Out Claims and Hopes from Demonstrated, Documented Features

  • Assess the Gap between the Technology and Market Opportunity – Include all Knowledge Gaps and the Tools and Resources Required to Close the Knowledge Gap

  • Develop a Detailed Plan(s) to Get the Necessary Resources to Take the Technology to Market – This is Likely a Mix of Technical Development, Marketing and Financing

  • Document Plan(s) and Develop Traceable Projects that can be Objectively Managed

  • Plan Experiments and Improvements toward Closing Gaps and Track Progress

  • Initiate Finance and Marketing Activities at Planned Stages of Technical

  • Continuously Monitor the Process and Adjust as Needed.

The SALLC approach to Technology Evaluation is another example application of the SALLC commitment to Evidence-Based Decision-Making.