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How Growing Businesses Can Develop Effective Technology Strategies

At the risk of stating the obvious, technology has changed everything. It’s changed the way we communicate, the way we buy and sell, and the way we seek information. These changes are impossible to ignore, especially for businesses. As new advances continue to disrupt the workplace and reorder the consumer experience, the most successful businesses are able to adapt and evolve.

Of course, that requires the development of a robust and comprehensive technology strategy. Whether you are running a Florida LLC or a Partnership in California, it’s important to be intentional and visionary in your deployment of technology.

What is a Technology Strategy?

Maybe a good starting point is simply to define our terms. Technology strategy sounds like a perfectly good entrepreneurial buzzword, but does it actually mean anything?

To put it most succinctly, a technology strategy is a concrete, specific, and detailed set of documents that outline a company’s technological goals: What’s your vision for technological deployment? What do you hope to accomplish with your technology, and how will you measure your success?

A good technology strategy will articulate the budget you’ve set aside for IT, the kind of staffing and training you’ll need to deploy technology most effectively, and the operating models you have in place for technology compliance, governance, and security.

Why Does Having a Technology Strategy Matter?

This isn’t documentation for documentation’s sake. On the contrary, there are some specific benefits that growing businesses can gain from having a well-designed technology strategy in place. Those benefits include:

  • It provides a clear and consistent approach to information-sharing, which can boost efficiency, encourage collaboration, and minimize redundancy.
  • It provides a holistic approach to cybersecurity and to regulatory compliance.
  • It supplies you with clear metrics for assessing the success of your technology program.
  • It defines responsibilities for decision-makers, IT leaders, and other stakeholders within the company.
  • It provides direction and vision for how tech resources should be allocated.

How to Develop a Technology Strategy

With all of that said, then, what are some practical ways for growing businesses to put technology strategies into place?

1) Start with your business objectives

Technology, when rightly deployed, can have a positive effect on all aspects of your business, including every department and every employee. As such, your technology strategy should never be created in a vacuum, as though IT is simply its own little island.

Instead, your development of a technology strategy should always begin with key stakeholders taking stock of core business objectives: Sales targets, long-term growth plans, marketing goals, and more. Use these objectives to provide some shape and direction for your technology plan.

2) Gather information

It’s also important to bring key decision-makers and stakeholders into the planning process. That means seeking input and gathering information from everyone who will be most directly affected by your tech roll-out (including the IT leaders and department heads who will be spearheading the roll-out).

You might even consider surveys or town hall meetings to get insight from your employees, seeking their opinions about technology goals, hurdles, or pain points.

3) Set a timeline

A good strategy should include measurable goals, as well as a basic timeline. In other words, it’s important for your technology strategy to clearly articulate what you hope to achieve, and at what points you need to be hitting key benchmarks.

Something else to consider: When will you and your IT team pause to review the technology strategy, and to make any necessary additions, revisions, or improvements? The strategy itself should document a basic timeline for audits and reviews.

4) Audit your current technology infrastructure

Speaking of audits, as you develop a technology plan, it’s critical to take stock of the assets and resources you already have in place.

By identifying these assets, you can first determine the technological gaps that must be accounted for. From there, you can develop a strategy for filling those gaps as cost-effectively as possible, and with minimal disruption to your day-to-day operation.

As you conduct this audit, however, you need to be attuned to more than just hardware. Also think about the human factor. Which technologies do your personnel actually use, and which ones are underutilized? Which existing technologies feel essential to the big picture, and which are peripheral?

5) Define your metrics

How will you know whether your technology strategy is actually working? Simply put, you’ll need to define your metrics up front, along with the processes you’ll use for measuring and reporting.

There are a number of metrics to consider when establishing a business technology strategy, including project delivery time, employee satisfaction, customer satisfaction, marketing and sales ROI, and more insights from Customer Data Platforms (CDPs). As you think about which metrics are most worth measuring, go back to those core business goals you established in step 1.

6) Obtain buy-in

Your technology strategy will only be successful if the stakeholders in your business agree to its value and importance. That means getting buy-in with leaders and managers, who can then promote the strategy to the other employees.

Here, clear communication is essential. Be prepared to convey the big picture, avoiding too much technical jargon and instead focusing on the reasons why your technology plan will benefit the company in its day-to-day operations.

7) Seek help as needed

Developing a whole new technology strategy is a major undertaking, and it’s sure to have implications for your entire business operation. It’s normal to feel like you need a little guidance from an external partner, so don’t hesitate to enlist an IT vendor or technology consultant as necessary. Invest in getting your technology plan right, and it should yield major dividends over time.

Take a Strategic Approach to Business Technology

The bottom line: Every growing business benefits from taking a proactive, long-term view of their technology needs. The right strategy can undergird your productivity and align all of your other business goals. Take a careful approach to your technology strategy, and be ready to revisit it regularly as your business grows and changes.

What Being Remote From Your Job Means For Your Career

In recent years, the trend towards remote work has become increasingly popular. Advancements in technology, such as business management technology, have made it easier than ever to work from anywhere in the world. However, this shift towards remote work has also had a significant impact on careers, and it’s important for professionals to understand what this means for their long-term career prospects.

Remote work has several benefits, including increased flexibility, a better work-life balance, and the ability to work from anywhere. However, it also presents a number of challenges that can impact career progression. In this article, we’ll explore what being remote from your job means for your career, with a focus on the role of business management technology in supporting remote workers.

Limited Opportunities For Face-to-Face Interaction

“One of the biggest challenges of remote work is the lack of face-to-face interaction with colleagues and clients,” notes Martin Taylor, a resume writer at Discursive Essay Service and MLA Format Outline. This can make it harder to build relationships, collaborate on projects, and get feedback on your work. It also means that remote workers may miss out on important networking opportunities, such as industry events or team-building activities.

Business management technology can help to mitigate some of these challenges by providing remote workers with tools to collaborate and communicate with colleagues and clients. For example, video conferencing software like Zoom or Skype can be used for virtual meetings, while project management software can be used to manage tasks and keep track of deadlines.

Increased Reliance On Technology

Another challenge of remote work is the increased reliance on technology. Remote workers must be comfortable with using a range of software and tools to communicate and collaborate with colleagues, manage tasks, and stay organized. This can be a challenge for some workers, especially those who are used to more traditional ways of working.

Business management technology can help to alleviate some of these challenges by providing remote workers with user-friendly software and tools. For example, cloud-based file sharing platforms like Dropbox or Google Drive can be used to share files and documents with colleagues, while time tracking software like Harvest can be used to keep track of billable hours and ensure that projects are completed on time.

Potential For Isolation

Remote work can be isolating, especially for workers who are used to working in a traditional office environment. “Without regular face-to-face interaction with colleagues, remote workers may feel disconnected from the company culture and miss out on important social interactions,” says Amanda Webb, an eCommerce writer from BeeStudent and Paper-Research.

Business management technology can help to mitigate some of these challenges by providing remote workers with opportunities to connect and collaborate with colleagues. For example, team chat software like Slack or Microsoft Teams can be used to facilitate real-time communication and help remote workers feel more connected to their colleagues.

Lack Of Visibility and Recognition

Another challenge of remote work is the lack of visibility and recognition. Without regular face-to-face interaction with managers and colleagues, it can be harder for remote workers to demonstrate their skills and contributions to the company. This can impact their chances of career progression, as managers may not have a clear understanding of their strengths and abilities.

Business management technology can help to alleviate some of these challenges by providing remote workers with tools to showcase their skills and contributions. For example, project management software can be used to document a worker’s involvement in key projects, while time tracking software can be used to demonstrate their productivity and efficiency.

In conclusion, remote work can have a significant impact on career progression. While it presents several benefits, such as increased flexibility and a better work-life balance, it also presents a number of challenges that must be overcome. Business management technology can play a key role in supporting remote workers and helping them to mitigate some of these challenges. By providing tools for collaboration, communication, and productivity, business management technology can help remote workers to stay connected and engaged with their colleagues and the company, while also showcasing their skills and contributions. Ultimately, the key to success as a remote worker is to stay proactive, communicate effectively, and stay up to date with the latest trends and best practices in remote work and business management technology.