13 Tips To Help Businesses Decide Whether To "Stay The Course" Or Embrace The Latest Tech
The Forbes Coaches Council has a new article on how approach and make a better decision about adopting the latest technologies. The article features 13 top tips from 13 Forbes council members, including our own CEO, Kristy McCann.
These days, it seems new technologies are developed and released almost daily. Leaders of young businesses may think they need to implement the latest tech immediately to keep up or, if they’re in tech development themselves, rush a new product to market. But that’s not always the smartest move—with technology, as with anything else, “new” doesn’t always equal “better,” and “first” doesn’t always equal “winner.”
Deciding when to adopt or implement new technology is tricky, with many considerations to weigh before making a decision. So how can business leaders know when to “stay the course” with the technology they’re already using or providing versus pursuing innovation? We asked 13 members of Forbes Coaches Council to give their best advice on making the right decision for your company.
The 13 tips to help you swipe left or right with the latest technology:
Let Your Market Drive Your Infrastructure
Determine What Value It Will Add
Know Your Strategy
Focus On What Best Serves Your Customers
Balance Short-Term And Long-Term Profitability
Assess The Impact
Appoint A Board Of Directors
Invest In Your Relationships
Go Back To The Basics
Navigate With A Business Model Canvas
Don’t Quit The Marathon At Mile 25
Don’t Get Distracted
Go deeper on the 13 Tips To Help Businesses Decide Whether To "Stay The Course" Or Embrace The Latest Tech and read the whole article on Forbes.