2.3.2 Where and Why do I need to apply the Technological Capability Audit Tool?

In order to be competitive and progressive in world markets, every firm has to analyse its technological capability. With the help of the Technological Capability Audit Tool a firm will be able to identify detailed strengths and weaknesses according to various important categories of technology activity. At the same time you will get an overview of your firm's current technology capability level.

The Technological Capability Audit Tool can be widely applied in small and large firms, national, international and joint ventures representing different industrial sectors.

This kind of assessment is not just useful for firms, but also:

  • To agencies concerned with providing various kinds of technological support, to help identify where and how the firm may have difficulties in accessing their services;
  • To policy-makers concerned with developing focused ways of linking supply of Technological expertise with the demands side.1

1  World Bank, 2001, Innovation Capacity Tool: Firm level innovation in the Korean economy, p.16