Question

- Please explain the difference between traditional and high-tech businesses.

Answer 1

I believe that the basic difference between traditional and high-tech business is the way of thinking because the traditional business believes that the way they do business is effective in which there is a lot of manual work and they believe that manual work is better because they can perceived and checked with human thinking again, on the other hand high-tech business believes that the future is technology and there is no way an organization can sustain and remain profitable without technology. As conveyed that it is the difference in the thinking that makes the organizations different and it is clear that the traditional business will have more employees than the high-tech business because the amount of manual work is more in the traditional business but the most important aspect is that the high-tech business may generate more revenue on the fixed investment compared to that of the traditional business as it will have more operational expense than the high tech business. Technology is actually the key and will sustain in future so organizations who are accepting and implementing as soon as possible will be at a gain and the traditional organizations if they continue to remain like what they are, then they may actually disappear after some years.