Business Application: Issues in Technology Acquisition & Implementation

Abstract

Information technology is an important and effective tool in business decision making process. It is a very important decision to the management before the acquisition process of the technology and its application. This may be bought, lease or in-house built or outsource but in every organization before finalizing, the key factors in acquisition of the technology should be examined carefully. It is a strategy that depends on many factors i.e., cost of acquisition, implementation and maintenance etc. The success of this technology acquisition depends on proper planning, identification and justification etc.