Management

By continuously learning, it each(prenominal)ows for the executive to better analyze threats and opportunities. This is all key(predicate) to restrain up with competitors. Technology is continuously evolving and you must(prenominal) be equal to(p) to continue up with it in fix up to be successful. Opportunities take for a competitive keenness and improving force and efficiency. Threats whitethorn include technology advances. Since technology is continuously evolving, it is important to alimentation up with the trends. Technology is what sop ups the competition in well-nigh products to date. If they ar not learning and constantly training, than they are behind. Businesses must go along an eye on competitors and see what their incentives are to their customers. former(a) craft result often try to imitate the same(p) product, but exit neglect in quality. Trade secrets are very important and pass on expose a gild if found out. Technology will allow for hackers to access this breeding of not properly secured on a computer. Computers seem to be a key business tool that generate, process and keep the majority of the business information. Opportunities go forth a competitive edge to a business and keep customers loyal to their union. They also better effectiveness and efficiency. The effectiveness is ameliorate by giving customers something that another(prenominal) companies do not offer.

The company extremitys to keep the customers buying from them and not their competitors. Customers, suppliers and competitors use technology. Efficiency is keeping their apt informat ion a secret to avoid copywrites or imitatio! ns. The employees take in opportunities to steal companys trade secrets and important files. To rule out this they must have good security. A CPO could prevent these things from adventure by scope up a security ashes and having random checks of the employees computers. They could constantly scan the hard drives for rum activity. This would maybe not prevent the employees from taking this information, but would make them think twice. It...If you want to get a full essay, order it on our website: BestEssayCheap.com

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