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Strategy making in Tech SMEs and startups in Ireland: theory and practice. Mohamad AldibaiMaster of Science in International Business National College of IrelandSubmitted to the National College of
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01
Identify the goals and objectives of the tech SME.
02
Analyze the current market trends and competitors.
03
Assess the internal strengths and weaknesses of the tech SME.
04
Develop a clear and actionable strategy based on the analysis.
05
Assign responsibilities and set milestones for implementation.
06
Regularly review and update the strategy as needed.

Who needs strategy-making in tech smes?

01
Tech SMEs looking to grow and expand their market presence.
02
Tech SMEs facing increased competition in the industry.
03
Tech SMEs aiming to innovate and stay ahead of technological advancements.
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Strategy-making in tech SMEs involves the process of defining goals, determining actions to achieve those goals, and mobilizing resources to execute the strategies effectively within the technology sector.
Tech SMEs that are seeking to outline their strategic plans, secure funding, or comply with regulatory requirements are typically required to file strategy-making documents.
To fill out strategy-making documents, SMEs should start by conducting a thorough analysis of their current situation, defining clear objectives, outlining strategies to achieve those objectives, and detailing the resources required for implementation.
The purpose of strategy-making in tech SMEs is to provide a structured framework that guides decision-making, aligns resources with objectives, and enhances competitive advantage in the technology market.
Information that must be reported includes the company's vision and mission, market analysis, strategic objectives, planned actions, resource allocation, and financial projections.
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