Question

How Can The Firms Cope Up With Changing Technological Environment?

Answer 1

Answer:

In this global technological environment, many of us can feel overwhelmed keeping up-to-date with new technologies, methodologies, governance, standards, policies, frameworks, software development, engineering, et cetera, et cetera! Technology is implemented in almost every part of our lives, impacting us in many different ways. Being a technologist myself, I frequently think of how to cope these changes.

Particularly over these recent years, you may hear of something new, seemingly every day and leaving you feeling out of touch. During casual conversations, social gatherings, and happy hours, those around us excitedly describe a new technology, using buzz words that may as well be in a different language and perhaps leaving you feel left out or left behind. But you needn’t feel that way. It also does not mean that you don’t need to know or learn how to keep up with what is out there. The key is your approach to learning or keeping pace with technology. It can alleviate feeling bogged down or as though you’re in a never-ending competition of knowing the latest and greatest. Knowledge is power and ignorance is bliss, but happiness is all about striking that perfect balance.

Answer 2

Changing technological environment and how firms cope with it.

Explanation:

The economy is changing at very fast pace due to globalization and every firm must match the global standards to remain competitive. changing technological environment is one among such factor which is very essential for firms to manage so that they can beat their competitors.

in order to cope with the changing technological environment a firm must remain aware about the recent changes in technical field. thereafter they must adapt such change to gain the advantage of new technology. if they adopt such change early they will get first mover advantage but if they do not adopt such change then their competitor will capture their market.

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Changing technological environment and firms

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