**5. Implications**

This study has contributed to the discipline of STM and SM by investigating the nature of technology strategies applied in advanced manufacturing firms in an Eastern environment.

The study has offered an approach to quantify the cumulative effect of STM application in SM and performance.

The results could be extremely useful to provide an insight to the national technology planners of the influence of STM in smart manufacturing and the performance of firms.

This study indicated that not all factors of strategic technology management applied in smart manufacturing would produce sales revenue growth. This has implications for the managers of firms and especially for those who are responsible for technology management.
