Technological Capability Assessment In Metal Manufacturing And Engineering Industries

Resource-based theory views a firm as a unique resource and capabilities providing the potential for competitive advantage in rapidly changing and unpredictable environments which then leads to superior performance. If firms’ resources and capabilities are valuable, then they yield superior economic rents. Hence, firm’s distinctive resources and capabilities already have the essence of competitive advantage and performance implications.rnTechnological capability has been regarded as an important strategic resource enabling firms to achieve sustainable competitive advantage when firms face a changing environment. Firms with more technological capabilities can perform better in more turbulent environments as compared with firms with lesser levels of technological capabilitiesrnThe metal manufacturing and engineering industries has been found to be the base in most developed and progressive economies and made the platform for the emerging of various theories about the significance of unique resources and capabilities on formation of competitive advantages by the firms. Such capabilities accrued through innovation or technology development are called technological capabilities, and the evaluation & measurement of which has made effort to create and maintain a progress.

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