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Technology Valuation Method for Supporting Knowledge Management in Technology Decisions to Gain Sustainability

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  • Janne Mämmelä

    (Automation Technology and Mechanical Engineering, Tampere University, 33720 Tampere, Finland)

  • Tero Juuti

    (Automation Technology and Mechanical Engineering, Tampere University, 33720 Tampere, Finland)

  • Pasi Julkunen

    (Sandvik Mining and Construction Oy, 33310 Tampere, Finland)

Abstract

New technologies have major effects on the profitability of companies and the economic growth of society. If appropriate technologies can be routinely selected, then it is possible to achieve sustainability at a company level. Knowledge management (KM) can be used to support technology decision making and give an understanding of the potential of particular technologies in a specific business environment. In this study, the design research methodology (DRM) is used with three case studies in an industry environment to develop and evaluate a novel technology valuation method (TVM). The proposed six-step TVM focuses on the acquisition, modeling, and validation of product-related knowledge to support KM related to technology decisions. The contribution of this research is to use distinctions between product properties and behaviors with a disposition toward understanding the potential of technology. During the process, tacit knowledge is made visible and documented, which supports the reliability of technology decisions and enables companies to gain sustainability.

Suggested Citation

  • Janne Mämmelä & Tero Juuti & Pasi Julkunen, 2019. "Technology Valuation Method for Supporting Knowledge Management in Technology Decisions to Gain Sustainability," Sustainability, MDPI, vol. 11(12), pages 1-16, June.
    • Handle: RePEc:gam:jsusta:v:11:y:2019:i:12:p:3410-:d:241722
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    References listed on IDEAS

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    2. Juil Lee & Sangsoon Kim & Jiman Lee & Sungok Moon, 2019. "Enhancing Employee Creativity for A Sustainable Competitive Advantage through Perceived Human Resource Management Practices and Trust in Management," Sustainability, MDPI, vol. 11(8), pages 1-16, April.
    3. Jian Xu & Binghan Wang, 2018. "Intellectual Capital, Financial Performance and Companies’ Sustainable Growth: Evidence from the Korean Manufacturing Industry," Sustainability, MDPI, vol. 10(12), pages 1-15, December.
    4. Alireza Javanmardi Kashan & Kavoos Mohannak & Mirko Perano & Gian Luca Casali, 2018. "A Discovery of Multiple Levels of Open Innovation in Understanding the Economic Sustainability. A Case Study in the Manufacturing Industry," Sustainability, MDPI, vol. 10(12), pages 1-21, December.
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    Cited by:

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