Question
Why is it important for an organization to actively manage and update its technology? Consider an industry that has experienced great technological change over the
Why is it important for an organization to actively manage and update its technology?
Consider an industry that has experienced great technological change over the past 10 to 20 years.
Describe the industry and who are the major players.
What has changed within that industry (the products themselves, manufacturing methods, methods of delivery, etc.)?
What has driven the changes (competitive pressures, new available technologies, etc.)?
How important is it for a firm in this industry to respond to, or even drive, technological change?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
It is important for an organization to actively manage and update its technology for several reasons 1 Efficiency and Productivity Uptodate technology can improve operational efficiency and productivi...
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Step: 2
Step: 3
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Strategic Management Concepts
Authors: Frank Rothaermel
3rd edition
978-1259420474, 1259420477, 978-1259913747
