Anticipating technological change
How can I prepare for new technologies that may change my business?
Change happens. Preparation takes effort. Consider these options to identifying emerging trends or technologies.
- Create a small team to help spot critical technologies and anticipate their impact. Members can tap different sources and regroup to pool what they learn into a forecast of technologies that may affect your business. Among those actions to consider:
- Study various technologies and applications to determine how they might disrupt your present operations or offer new opportunities.
- Offer suggestions for adapting existing products or services to take advantage of these technological changes yourself.
- Define new products or services you could offer or more effective or productive ways of doing business.
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