How to match skills and resources to changing technology

  1. Re-training the employees to improve their technological skills
  2. 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
  3. Re-designing the existing products. They should be modified to fit with the current technology and remain competitive
  4. By providing flexible services to entrepreneurs e.g. e-banking, e-commerce etc
  5. By outsourcing essential services which involve consulting other firms to provide services which are not core to the business
  6. Ensuring that you are upto date with the technology
  7. Merging with other companies who are already ahead with technology.

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