Teaching BPSC 4.0 बिहार उच्च माध्यमिक शिक्षक भर्ती (PGT) Mock Test Entrepreneurship Innovation And Problem Solving
Technology Risk Management A successful e-commerce startup recently lost significant market share when their competitors implemented AI-powered recommendation systems. The startup had invested heavily in their existing technology stack just a year ago, and the CEO was hesitant to make another major investment so soon. Question: What would be the most appropriate risk management strategy in this situation?
1
Wait for the AI technology to become more established before investing
2
Develop a phased technology upgrade plan while maintaining current operations
3
Immediately invest in matching competitor capabilities
4
Focus on non-technological competitive advantages
5
More than one of the above