What Challenges Do Technological Factors Present to Business Leaders?
While technology provides numerous benefits, it also presents several challenges:
Cybersecurity: With increased dependence on digital tools, the risk of cyber-attacks rises, requiring leaders to invest in robust cybersecurity measures. Change Management: Implementing new technologies often requires a cultural shift within the organization, which can be challenging to manage. Skill Gaps: Rapid technological changes may create skill gaps within the workforce, necessitating continuous training and development initiatives. Cost: Investing in new technologies can be expensive, and leaders must balance these costs against the potential benefits.