The term technology refers to how an organization transfers its inputs into outputs. Every organization has at least one technology for converting financial, human, and physical resources into products or services. The common theme that differentiates technologies is their degree of routines. Technology is the mechanism by which the end product or service of the organization is produced. The type of technology used by an organization has an effect on its structure and on how effectively and efficiently the end products are made.
How might a firm’s management decide whether it should continue to invest in current known technology or in new but untested technology?
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Academic.Tips. (2022) 'How might a firm's management decide whether it should continue to invest in current known technology or in new but untested technology'. 21 June.
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Academic.Tips. (2022, June 21). How might a firm's management decide whether it should continue to invest in current known technology or in new but untested technology? https://academic.tips/question/how-might-a-firms-management-decide-whether-it-should-continue-to-invest-in-current-known-technology-or-in-new-but-untested-technology/
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Academic.Tips. 2022. "How might a firm's management decide whether it should continue to invest in current known technology or in new but untested technology?" June 21, 2022. https://academic.tips/question/how-might-a-firms-management-decide-whether-it-should-continue-to-invest-in-current-known-technology-or-in-new-but-untested-technology/.
1. Academic.Tips. "How might a firm's management decide whether it should continue to invest in current known technology or in new but untested technology?" June 21, 2022. https://academic.tips/question/how-might-a-firms-management-decide-whether-it-should-continue-to-invest-in-current-known-technology-or-in-new-but-untested-technology/.
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Academic.Tips. "How might a firm's management decide whether it should continue to invest in current known technology or in new but untested technology?" June 21, 2022. https://academic.tips/question/how-might-a-firms-management-decide-whether-it-should-continue-to-invest-in-current-known-technology-or-in-new-but-untested-technology/.
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"How might a firm's management decide whether it should continue to invest in current known technology or in new but untested technology?" Academic.Tips, 21 June 2022, academic.tips/question/how-might-a-firms-management-decide-whether-it-should-continue-to-invest-in-current-known-technology-or-in-new-but-untested-technology/.
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