Technology scouting is an element of technology management in which
It is a starting point of a long term and interactive matching process between external technologies and internal requirements of an existing organization for strategic purposes.[3] This matching may also be aided by technology roadmapping.[4] Technology scouting is also known to be part of competitive intelligence, which firms apply as a tool of competitive strategy.[5] It can also be regarded as a method of technology forecasting[6] or in the broader context also an element of corporate foresight.[7] Technology scouting may also be applied as an element of an open innovation approach.[8][9] Technology scouting is seen as an essential element of a modern technology management system.[10]
The technology scout is either an employee of the company or an external consultant who engages in boundary spanning processes to tap into novel knowledge and span internal boundaries.[11] They may be assigned part-time or full-time to the scouting task. The desired characteristics of a technology scout are similar to the characteristics associated with the technological gatekeeper. These characteristics include being a lateral thinker, knowledgeable in science and technology, respected inside the company, cross-disciplinary orientated, and imaginative personality.[1] Technology scouts would also often play a vital role in a formalised technology foresight process.[12]
Documented case studies include: