How High-Tech Industries Can Reduce Uncertainty on Technological and Market Risk
Ahmed, Md Hasib (2025)
2025
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Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2025052616178
https://urn.fi/URN:NBN:fi:amk-2025052616178
Tiivistelmä
This study assesses the external cooperation, market intelligence, and innovation competencies of Finnish high-tech companies that reduces technology and market risks. It will also explore how these companies, especially Nokia Corporation, manage general uncertainty along with market risks. The objective of this research is to evaluate uncertainty reduction in relation to strategic practices alongside examining high-tech strategies in Finland.
The research was carried out using a descriptive design and both qualitative and secondary sources: academic journals, industry reports, and primary data from a survey. The survey was comprised of 5-point Likert questions aimed at 55 professionals working in R&D, innovation management, and strategic planning within the Finnish high-tech sector.
The study found that that while strategic planning and innovation capability clearly helped to enhance organizational adaptability, market intelligence greatly enabled the reduction of uncertainty. Uncertainty reduction was demonstrated through proactive mitigation of technological market risks. The flexibility and external collaboration were found to be less effective in strengthening organizational adaptability.
The discussion has led to the conclusion that innovation, strategic foresight, and market intelligence are essentially or critically needed tools in managing uncertainties and risks within the high-tech industry. The above insights, together with the recommendations given, are intended to boost these firms' sustained global competitiveness and sustainability levels, thus enriching academic and practical knowledge regarding uncertainty reduction strategies.
The research was carried out using a descriptive design and both qualitative and secondary sources: academic journals, industry reports, and primary data from a survey. The survey was comprised of 5-point Likert questions aimed at 55 professionals working in R&D, innovation management, and strategic planning within the Finnish high-tech sector.
The study found that that while strategic planning and innovation capability clearly helped to enhance organizational adaptability, market intelligence greatly enabled the reduction of uncertainty. Uncertainty reduction was demonstrated through proactive mitigation of technological market risks. The flexibility and external collaboration were found to be less effective in strengthening organizational adaptability.
The discussion has led to the conclusion that innovation, strategic foresight, and market intelligence are essentially or critically needed tools in managing uncertainties and risks within the high-tech industry. The above insights, together with the recommendations given, are intended to boost these firms' sustained global competitiveness and sustainability levels, thus enriching academic and practical knowledge regarding uncertainty reduction strategies.