Adopting New Technologies and Business Practices : When’s a good time?

Is there ever a good time to adopt a new technology or business practice? No. Yes. Today. First, ask yourself these questions, “Will it make me or our organization more profitable? Will it lead to new business opportunities?” One broad way to measure profitability is ROI in the investment. How much will it cost to introduce a new technology or business practice, what costs are involved, how quick is the pay back. Are there metrics in place to measure this? One can argue during downtime or between large projects is the best time to invest so they can be incorporated from the beginning of the next project. Cost center issues get caught up with the CFO or whatever other gate keeper that is out there because they cannot be assigned or passed on to a client. Why is this an argument? It might not be said out right, but this type of accounting is just easier and no one ever gets in trouble going with the flow. You were not the one who approved such expenditures so it can be pinned on you. Be an evangelist. Things need to get done. If there is a better way to do it. Do it. You know eventually your competition is going to and will either be A) more profitable B) more efficient or both and start making money at a lower cost than you are. You’re an artist, and it’s always worked this way. Okay, maybe, but that doesn’t scale. The organization is you. And maybe that’s okay but I don’t know how you hire and keep talented people. People like to solve problems and they want the tools to solve them. You have to build a house. Tough to argue for the hammer over the nail gun.

One business proverb always comes to mind when dwelling on this issue.

“If you don’t like new technology you’ll like obsolescence even less.”

Next Time: “It’s all Organization Behavior”


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