April 22, 2011, 3:39 am •
by Keith Unterschute
The best time to make a new technology acquisition is the ‘perfect’ time. When is the ‘perfect time’? At a high level, this means that your old technology is at its end of life and you have no more depreciation or lease payments remaining. Your equipment is not failing more often due to age. Your business units indicate to you that they are exactly ready for new technology but up until now the old technology has not yet impacted their ability to meet business goals. In addition the new technology that you need to adopt is mature enough that it is proven leaving no risk for your company and yet the technology is leading edge enough that it gives your company an advantage over your competitors.
Ok, so let’s get back to reality. Rarely do the stars align so perfectly for these type of acquisitions. The rush of the market forces never let you stand still with your technology acquisitions. In fact, often you have to make such acquisitions at a less than optimal time. Sometimes when you think you are saving money by not moving forward, there is an unmeasured cost in standing still. Read more