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ARTICLE · 25 MAY 2023

Market Intelligence Thought Leadership Award Winner

Technology: Enhance Your Core Business, Don't Displace It

You need to move forward without diminishing your core business.

GermanyCorporate/Commercial Law

Companies are facing a technology investment dilemma, invest too little and you fall behind, invest too much and you risk losing your identity, and customers may not recognize the company anymore. You need to move forward without diminishing your core business. While it's necessary for companies to evolve and adopt technology to enable the business and embrace digital transformation, it's not mandatory to revolutionize the identity of the company.

Leveraging technology to enable business results is table stakes. The company website, customer support system, manufacturing, supply chain, and financial systems to name a few, are foundational to be competitive. There's a critical difference between using technology to execute the business and to differentiate the business. Companies must find a balance between using technology and staying focused on their brand and core business focus. It's a challenging line to walk as not enough focus on technology will prevent the

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