Technology advances at an exponential rate. Every day we are notified of a new update, computer system, app, or program that is better than the one that you are currently using. Given the pace of technology it can be very hard to keep up with all of the latest advancements.
Determining the technology that is right for your business and incorporating it the right way can give your business a competitive advantage in the marketplace. Leaders that are successful often find ways to use technology to their advantage. Which makes it that much more important for business leaders to track trends in technology and how they can be applied to their business. The ability to adapt to changes in technology allows businesses to implement new tools and practices that help the business compete more effectively.
If you have given some thought recently to improving how your business keeps up with technology, here are a few practices that we have gathered from consulting with our lumber traders, concentration yard leaders and members of our American Lumber sawmills. Maybe a few of these will be valuable to you and your business.
Continue to learn. Try to be as observant as possible with how others- especially those within your professional network- are using computers, smartphones, and tablets. In addition to this, pay attention to what other business professionals are doing technologically for their businesses. It can also be valuable to subscribe to technology magazines and newsletters to keep you up to date on the newest advances in technology that might give you a competitive edge.
Value diversity in thought. Expand your perspective on technology by looking to people that have different opinions, or are a different age or gender. Looking at technology from other people’s perspectives allows you the opportunity to get a well-rounded view on how different advancements in technology can benefit your business.
Take risks. Even if you have successful, proven ways of doing things, still try new technologies to see if it can benefit your organization. By thinking out of the box and being creative in searching out new ways of doing things you can sometimes give your team a competitive competitive edge and allow them to be more effective.
Embrace change. People are typically averse to change. However, successful business leaders realize that the ability to embrace change can be leveraged into gaining efficiencies. It is important to look to, and embrace technology for these types of changes.
What methods have you found effective in keeping your business on pace with technology?