As a top-level manager of the organization, the duty of the manager is to come up with a business strategy that can be effectively applied to the situation so that it works in favor of the organization.
How a company can conquer technological challenges?
- Sustaining in the market by lowing the prices of the products.
- Introducing discounts and combo offers to attract customers.
- Creating better customer-business relationships so that a business rapport can be built.
- Working with the team, brainstorming some ideas which can bring positive results for the organization with the existing products available in the market.
Thus, these are some of the ways a manager can adapt to survive through a technological threat.
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