Keeping up to date with technological development is imperative to some businesses survival.

Keeping up to date with technological development will be both expensive and time consuming. Yet failure to do so may be to hand over a huge advantage to competitors

Technological has brought alot of changes to every kind of business. a petty trader in the rural areas need a mobile phone to enable him/her communicate with other business associates thereby making the business faster and quicker in ordering of goods and services . It's obvious that technologicals changes comes with more expenses but its benefits outweights what is incured or loss .

What could be the disadvantage of technological changes ?

Keeping up to date with technological development will be both expensive and time consuming. Yet failure to do so may be to hand over a huge advantage to competitors.

Technicals are always changing from day to day.

En la medida de lo posible es importante tener equipos de ultima tecnología o tecnología de punta, sin embrago hay factores que tienen que ver con el dinero para adquirir estos equipos y si se adquirió otros equipos que están dentro de su vida útil y que aun no pueden ser reemplazados por un factor costo benefico

Dont you think it depends on the nature of ones business?

Keeping up to date with technological development will be both expensive and time consuming. Yet failure to do so may be to hand over a huge advantage to competitors

Keeping up to date with technological development will be both expensive and time consuming. Yet failure to do so may be to hand over a huge advantage to competitors.