Scenario: A new technology emerges that could potentially revolutionize your product, but it comes with significant implementation challenges. How would you evaluate whether to adopt it or not?
- Conduct a cost-benefit analysis
- Reject the technology due to implementation challenges
- Adopt the technology without evaluating its impact
- Seek input from team members without analysis
Conducting a cost-benefit analysis helps evaluate the potential benefits of adopting the new technology against the costs and challenges involved. It ensures informed decision-making based on a thorough assessment of the risks and rewards.
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