Explain Why Understanding Trends and New Technologies Can Help an Organization

question 28

Essay

Explain why understanding trends and new technologies can help an organization prepare for the future.

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Definitions:

Minimize Or Shed

Strategies employed to reduce, remove, or delegate non-core business activities or assets to focus on primary objectives.

Opportunity-Seeking Processes

The methodologies or approaches used by individuals or organizations to identify and exploit potential opportunities for growth or improvement.

Ownership Mind-Set

A way of thinking characterized by taking responsibility, showing initiative, and actively managing one's assets or area of control.

Entrepreneurial Strategic Methods

Approaches and techniques employed by entrepreneurs to identify, evaluate, and exploit opportunities for business growth.