Unlocking the Potential of Non-Core Technology Assets in Large Firms

Abstract

Over a period of time, large firms often accumulate vast portfolios of non-core technology (NCT) assets, which are underutilized despite their potential value. Unlike core technologies that are critical to a firm’s competitive strategy, NCTs are often sidelined due to a lack of alignment with the firm’s immediate objectives. However, effective management of NCTs can open doors to significant innovation, revenue streams, and competitive advantages. Firms are equipped with resources to exploit these technologies but often lack the frameworks or strategies to do so. This article delves into the intricacies of managing NCTs, presenting a robust framework and various strategies to help firms maximize their value of NCTs.