3 Ways Your Technology Investments Will Fail in 2020

Technology investments are done to help in some capacity. To drive efficiency, open new revenue opportunities, create team synergy, organize or solve some form of business problems. However, what many people who invest in technology do not think about is what happens if the technology they invested in is not adopted by employees or family members? Adoption is the number one technology failure. The following lack of answers to questions are the culprits for technology investments failing:1. Not having a strategy: Map business needs only to the technology capabilities you need. Many technologies have vast amounts of features to help a large variety of use cases. This can lead to paralysis by analysis without a clear plan. Here is an easy strategy: Pick 3 business problems. Pick 3 goals for solving each business problem. Pick 3 technology tactics that…

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Organizational Change Management is Not Easy: 5 Tips For Success

If you read Forbes, the New York Times and the scores of articles on the web, social media, and in magazines, you will see that studies all seem to indicate that approximately 70% of organizational change management initiatives fail. “Most traditional organizations have accepted, in theory, that they must either change or die,” wrote Nitin Nohria and Michael Beer in a 2010 piece from the Harvard Business Review titled “Cracking the Code of Change states that “even Internet companies such as eBay, Amazon.com, and America Online recognize that they need to manage the changes associated with rapid entrepreneurial growth. Despite some individual successes, however, change remains difficult to pull off, and few companies manage the process as well as they would like. Most of their initiatives—installing new technology, downsizing, restructuring, or trying to change corporate culture—have had low success rates. The…

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Due Diligence: Great Ways to Complicate What’s Easy

Few things are easier than looking the other way and doing absolutely nothing. If you’re an estate manager, you don’t get that luxury. Ever. This is true with due diligence. Since you always have to do something, you’re lucky that finding what’s out there on a person of interest has never been easier. Or more difficult. [Wait, what?] Never quicker to look into, say, your pool guy… But it’s never required more time. Cheap, but expensive. So easy, yet complex. You get the idea. The nature of access to nearly all types of information has fundamentally changed in the last 20 years. Remember looking up topics in your local library’s card catalog, searching for and checking out books, and photocopying and transcribing passages you needed? Hopefully you’re too young for that. If not, don’t mention it to kids: They…

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