How to deal with the risk of depreciation in business

Businesses usually experience disruptive changes from time to time. With some way of performing the process, their consumer habits and, because of this, their market may soon become candidates for change. When left unmanaged, they can be left astray and lose the right path.

When work is done in different ways, and with negative effects on the business’s suitability for contemporary values, production costs are reduced, so managers need to make a conscious effort to determine if these changes are their own. Can be used to enhance existing business processes, or if their business existence is threatened.

Here are some examples that come to mind easily:

  1. Monetization and the emergence of transistors.
  2. The emergence of microcomputers.
  3. The mobile revolution

Once upon a time, radio sets housed heavy objects for a corner of the living room. They usually need some time to heat the electronic valves and tubes before the booming sound comes.

Later, his brother, TV, with similar features, came up with the vision. Over time, radio sets became portable. Not only can they be carried in small bags, they are even included in mobile telephone handsets nowadays. There is a long sound from heavy equipment that appears on the backs of combat soldiers in movies with long antennas, with themes based on World War II.

It has affected virtually every aspect of consumer goods that employs some electronics, to the point where the names of many industry pioneers can now only be found in history books.

The makers of mainframe computers were not able to take full advantage of the coming microcomputer revolution and they failed because eventually microcomputers became more powerful, and met the needs of most consumers.

Processes such as filmmaking, sound and music production, photo production, telecommunication transmission, in which some changes can be mentioned, experienced modern changes and improvements in technology, and businesses that could not cope.

In these days of the internet and rapidly changing technology, a manager should be able to observe these changes and assess the impact on the discipline of his business. Businesses can employ advances to their advantage. For some other people, this means investing in new technology and enabling it to compete freely without restrictions or limitations, even when it appears to be a conflict of interest. Can become

Whatever the outcome of the competition, the careful business manager will win.

Leave a Reply

Your email address will not be published. Required fields are marked *