Write a report of up to 2500 words on the following topic: For a firm of your ch

Write a report of up to 2500 words on the following topic: For a firm of your choice (e.g. multinational corporation, private company, start-up, social enterprise, public organisation), identify a key strategic opportunity or challenge (e.g. opportunities for new product development, new business models, challenges of declining sales, operation inefficiency, increased competition) based on evidence. Explore how dominant or emerging technologies such as a new IT system, new app/product/service, AI, Blockchain or Digital Platforms can help the firm to overcome existing challenges or seize a new opportunity. Your aim is to deliver a technology management strategy for the firm. 1. Introduction and Brief Analysis of the Situation (10%) – What is the background of the firm (e.g. country, industry)? – Why does this company need technology management recommendations? – What kind of technology management proposal are you making (e.g. new product/service development, process innovation, new business model)? 2. Analysis of the Current Situation of the firm (20%) – What products or services are offered by your chosen firm? – What are the main competitors in this market/sector? – What are the main opportunities and challenges within the industry in which your client’s firm operate? – Use tools, frameworks, and data to analyse the firm’s current challenges and opportunities. 3. Technology Planning for the Firm (30%) – What strategic steps does the firm need to take to realise the opportunity/tackle the challenge? – Use technology management tools to develop a technology management plan. – Propose a technological solution to fulfil this plan (to be detailed with the use case diagram in the next section). 4. Use Case/Soft System Design for the Technology Plan (30%) – Create several diagrams to illustrate the proposed new technological solution. – Detail the functionalities and users of the proposed solution. – Explain how to use this solution/system to overcome the challenges faced by the company. 5. Technology Implementation and Evaluation (20%) – What are the key success indicators and main risks associated with the firm’s new technological direction? – What are the mitigation strategies/tactics for the potential risks associated with this new strategic direction