7. Integrating New Innovation
In a dynamic environment, where technology is churning out new advancements regularly, it can become difficult for businesses to keep up with the latest updates and developments. For a company to replace machinery and devices on a large scale every time a new updated version is released may not be an economically sound choice. However, the danger of not being up-to-date may cost it a chunk of its profits. The line is dangerously thin.
