From emerging technology to competitive advantage

The purpose of this paper is to bring additional insight into the management of emerging technologies so that organizations can more effectively and efficiently convert their ideas to competitive advantage. A competitive advantage is created when an organization is able to create something other organizations cannot (Barney, 1991; Smith and Reinertsen, 1992). This can materialize in many different forms, including having the ability to research and develop a nascent technology and create the necessary procedures for utilizing that technology. The very nature of emerging technologies creates this potential for gaining sustainable competitive advantages