Question: The answer is: Whether switching to a new technology will benefit a firm depends on a number of factors, including (a) the advantages offered by

The answer is: Whether switching to a new

The answer is: Whether switching to a new technology will benefit a firm depends on a number of factors, including (a) the advantages offered by the new technology. (b) the new technology's fit with the firm's current abilities (and thus the amount of effort that would be required to switch, and the time it would take to develop new competencies), the new technology's fit with the firm's position in complementary resources (e.g., a firm may lack key complementary resources, or may earn a significant portion of its revenues from selling products compatible with the incumbent technology), and (d) the expected rate of diffusion of the new technology. What is the question? What are the factors to be considered by a firm when considering a switch to a new technology? What are the factors to be considered by a firm when sizing the market of early adopters? What are the factors to be considered by a firm when considering the outsourcing IT to a offshore provider? What are the factors to be considered by a firm considering technology diffusion

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