Technology is synonymous with terms like “new,” “cutting-edge” and “futuristic.” From the days of the automobile revolution, innovative technology has changed the way we run our businesses and live our lives. Henry Ford gave us an affordable automobile, but he also gave businesses the ability to do things differently with the innovation of the moving conveyor belt. Even today, technology companies are on the forefront of business best practices. Here are some examples of their forward-thinking feats or 5 business lessons to adopt from innovative technology companies.
Hire the Best and Brightest
Technology companies, by and large, employ smart and innovative people. With backgrounds in science and engineering, these employees lend their superior intellect to help enhance their company’s image. Being intelligent and innovative goes to the bones of an organization. This includes internal functions like finance and operations.
Take a look at Apple. Known for its technological innovations, Apple also employs many brainy financial wizards. The company’s cash flow is one of the best on the Dow Jones Industrial Average, giving Apple the ability to invest rapidly in new ideas or processes. Likewise, make sure your company employs some of the smartest people in your finance and R&D departments to make an impact. [Read more…]