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Suppose your main competitor has just introduced a new technology by which customers are really delighted about that technology. the customers are increasing substantially after introducing that new technology in the market. as a top-level manager, what should you do at this moment for your organization?

Sagot :

As a top-level manager of the organization, the duty of the manager is to come up with a business strategy that can be effectively applied to the situation so that it works in favor of the organization.

How a company can conquer technological challenges?

  • Sustaining in the market by lowing the prices of the products.
  • Introducing discounts and combo offers to attract customers.
  • Creating better customer-business relationships so that a business rapport can be built.
  • Working with the team, brainstorming some ideas which can bring positive results for the organization with the existing products available in the market.

Thus, these are some of the ways a manager can adapt to survive through a technological threat.

Learn more about technological challenges:

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