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For a small or midsize business, technology budgets are naturally fairly slim. It goes without saying that a company needs to get the best bang for their buck with their IT infrastructure, and it's not uncommon to see workstations and other devices still in play years after their prime. This leads to underperforming technology, which in turn, limits what your bottom line can accomplish (remember, your team is only as good as your worst player). Some small businesses are approaching technology in ways that would normally be reserved for HR's interactions with employees, but they are finding that this can improve performance.
Douglas Brown directs the Institute for Entrepreneurship & Innovation at Post University. Brown suggests that small businesses should introduce new technology to the company the same way new employees are brought in.
Picture this familiar scenario: An employee simply isn't right for the business. There's usually internal conversation and evaluation of performance. After all, the company has spent a significant amount of time and money onboarding that employee. Brown states, "That conversation doesn't really happen with technology."
Some suggestions for managing technology to prevent it from burdening your bottom line:
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