Question : Case Study 13:
XYZ Corp. is a service-based company that has been impacted by advancements in information technology. The company is facing the challenge of adopting digital technologies to stay competitive.
Q:- How can understanding the technological environment benefit XYZ Corp. in adopting digital technologies?
Option 1: By expanding into new markets
Option 2: By implementing cost-cutting measures
Option 3: By investing in research and development of digital technologies
Option 4: By diversifying into unrelated businesses
Correct Answer: By investing in research and development of digital technologies
Solution : The correct answer is (C) By investing in research and development of digital technologies
Understanding the technological environment can benefit XYZ Corp. in adopting digital technologies by enabling the company to invest in research and development of digital technologies. This approach allows the company to stay competitive and innovative by developing or acquiring the necessary digital tools, systems, and capabilities to adapt to the changing technological landscape.
