How does technology influence business strategy?
Technology plays a crucial role in shaping business strategy by enabling innovation, improving efficiency, and enhancing customer experiences.
Can you give examples of technologies that impact business strategy?
Sure! Examples include cloud computing for scalability, AI for data analysis, and CRM systems for customer relationship management.
What are the risks of relying too much on technology in business?
Relying too much on technology can lead to data security risks, loss of personal touch in customer service, and potential system failures.
How can businesses balance technology and human input?
Businesses can balance technology and human input by using technology to automate routine tasks while ensuring that human creativity and empathy are applied in customer interactions.
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