- Re-training the employees to improve their technological skills
- Creating an innovative environment in the enterprise. This includes application of creativity to come up with new products and services to cope up with new technological changes
- Re-designing the existing products. They should be modified to fit with the current technology and remain competitive
- By providing flexible services to entrepreneurs e.g. e-banking, e-commerce etc
- By outsourcing essential services which involve consulting other firms to provide services which are not core to the business
- Ensuring that you are upto date with the technology
- Merging with other companies who are already ahead with technology.
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