oops posted it earlier on my tech blog....
It was an eye opener for me to see how use of technology leads to sea level changes in your business practices and opens new doors of opportunity but what makes me wonder is cost of technology vs return of technology. One needs to decide that at what point in the business which appropriate technology should be used and how to make it an competitive advantage in this fiercely competitive world. Also should technology be used as a supplement or as backbone of business.
In my opinion few things one need to consider before using technology in the business.
1. Cost of technology vs. Return of technology.
2. As a backbone of system or just supplement to system.
3. What technology? Where to be used and how to leverage?
As Cole mentioned choice of technology is crucial in success of business.
Few things i learned:
1. Everything in business can be bargained.
2. It's all about market share.
I disagree with the point of social networking because in my opinion a prudent business personal will never make decision under influence of others word. It must be his own evaluation of business needs and technological advantages which drives to benefit of Business.
Anyways it was nice to hear Cole. He seems to be energetic and full of enthusiasm.
It was an eye opener for me to see how use of technology leads to sea level changes in your business practices and opens new doors of opportunity but what makes me wonder is cost of technology vs return of technology. One needs to decide that at what point in the business which appropriate technology should be used and how to make it an competitive advantage in this fiercely competitive world. Also should technology be used as a supplement or as backbone of business.
In my opinion few things one need to consider before using technology in the business.
1. Cost of technology vs. Return of technology.
2. As a backbone of system or just supplement to system.
3. What technology? Where to be used and how to leverage?
As Cole mentioned choice of technology is crucial in success of business.
Few things i learned:
1. Everything in business can be bargained.
2. It's all about market share.
I disagree with the point of social networking because in my opinion a prudent business personal will never make decision under influence of others word. It must be his own evaluation of business needs and technological advantages which drives to benefit of Business.
Anyways it was nice to hear Cole. He seems to be energetic and full of enthusiasm.
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