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Posted by Debbie 3 years ago In:

Debbie
Debbie Asked:

What are the most challenges that businesses face in continually changing technology and what is management's role in addressing these challenges

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Rob
Rob Answered:

biggest challenge:  that their product or the technology they utilize in the business will become obsolete or not up to par with competitiors.

management challenge: to evaluate new technology and weigh the cost of upgrading to new technology to the additional production or sales (revenue) that can be obtained by updating to the latest technology and anticipating those technological changes and setting aside or reserving funds estimated to be needed from time to time to do needed technological updating.

good luck in the course.

rob

ROBonYEDDA@YAHOOl.com Wisdom comes from Study, Travel & Life experiences! MY YEDDA CONCEPT IS: Good questions deserve good answers; Poor ones deserve a quick/poor answer. Dumb or silly, deserves same ... and the occasional but inevitable Idiots are best just ignored.
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SocratesRedux
SocratesRedux Answered:

Sorry, I don't answer homework questions.

Try www.commerce.gov   lots of info

Investing in Human Capital is the most rewarding activity; free-market utilization of Human Capital is the least expensive path to success. Don't whine about problems without thinking of a free-market, economically rational, and socially pragmatic solution.
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alonzo eversole
alonzo eversole Answered:

Wake -UP )(P-U in the Dream. What challenges business today is what are we building and what is it for? High tech. in finance is the issue-too much in the hands of too few by way of so called scientific advances that rob the working class of the means to participate.

The only business we are feeding is our O.W.N. demise. WAR!!!

B.HO. 4 the New World Odor

Smells of the same old S.H.I.T.

PEACE L.C. Walkin

For those who have wondered Could there be another way, PRIMAL DREAM SEIZE the MIRROR it just could be the other way. Peace L.C. Walkin aka A. Eversole
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