Why is it important for an organization to actively manage and update its technology? Consider an industry

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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?

Related Book For answer-question

Strategic Management Concepts

ISBN: 978-1259913747

3rd edition

Authors: Frank Rothaermel

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Posted Date: Apr 09, 2024 01:49 AM

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Why is it important for an organization to actively manage and update its technology? Consider an industry

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Expert Answer:

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... View the full answer

Strategic Management Concepts

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