In formulating a technological innovation strategy,the first step first involves an accurate appraisal of where the firm currently is followed by the articulation of its strategic direction.

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This is true as a proper assessment of the firm's current position is essential in formulating an effective technological innovation strategy. Without knowing where the firm stands currently, it would be difficult to chart a course for its future growth and development. The strategic direction must be aligned with the firm's strengths, weaknesses, opportunities, and threats, and must also take into account the competitive landscape, market forces, and industry trends.

In Formulating a Technological Innovation Strategy,the First Step First Involves