Choosing How to Obtain Technology Is Simpler If Managers Ask

question 102

Essay

Choosing how to obtain technology is simpler if managers ask a few basic questions:
1. Is it important (and possible) in terms of competitive advantage that the technology remain proprietary?
2. Are the time, skills, and resources for internal development available?
3. Is the technology readily available outside the company?

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Definitions:

Expertise

A high level of knowledge or skill in a particular field.

Emotional Intelligence

The ability to recognize, understand, manage, and reason with emotions in oneself and others, enhancing interpersonal communication and decision-making.

Work-Related Stressor

Any aspect or condition of the workplace that can cause stress, including workload, the work environment, and interpersonal relationships.

Relationships

Connections or associations between two or more people, which can be based on kinship, love, work, friendship, or other social commitments.