Explore BrainMass
Share

Change in technology

This content was STOLEN from BrainMass.com - View the original, and get the already-completed solution here!

1.) What are some factors management should examine prior to approving a change in its company's technology?

2.) In regards to technology? Why should there be a detailed implementation/upgrade plan? Who should be involved in making this plan?

3.) Based on personal experience, describe some of the ways that a technology change has benefited a company that you work or worked for such as United Parcel Service? (List three technology changes).

© BrainMass Inc. brainmass.com October 25, 2018, 12:07 am ad1c9bdddf
https://brainmass.com/computer-science/web-design/change-in-technology-217249

Solution Preview

1.) What are some factors management should examine prior to approving a change in its company's technology?

Some of the important factors that management should examine prior to approving a change in its company technology include:

A) Cost benefit analysis: An extensive cost benefit analysis should be conducted via various capital budgeting techniques such as NPV, IRR, etc. and other tools to ensure that the investment made on new technology is beneficial for the company or in other words, the benefits obtained via new technology significantly outweigh its cost.

B) The readiness of the organization in terms of existing infrastructure, training/education among employees to handle such new technology should also be evaluated before finalizing the decision for new technology. It is often seen that employees are not ready to embrace new technology, either due to lack of knowledge and training or lack of awareness about the benefits of new technology. Therefore, management should ensure that proper conditions exist in the organization to handle new technology.

C) The scalability of the technology should also be considered before finalizing the decision. If the technology is not scalable ...

Solution Summary

1.) What are some factors management should examine prior to approving a change in its company's technology?

$2.19
See Also This Related BrainMass Solution

Identify and discuss issues that affect cost on gasoline.

Gasoline as product:
1) Identify and discuss issues that affect cost on gasoline.
2) Discuss the impact of technology on productivity and average total cost.
3) Describe three to five factors in the economy that will impact the demand for gasoline and one for the cost associated with producing the good or service.
4) Identify the economic indicators that reflect those factors.
5) Locate a forecast for each of the economic indicators you have selected for the next two years. In some cases, it may be more feasible to look at prior trends for selected indicators rather than forecasts.
6) Comment on the degree of confidence that can be placed in economic forecasts.
7) Discuss the implications of this economic forecast and the income elasticity of demand for the pricing strategy.

View Full Posting Details