The Trap of “Latest and Greatest”

Be careful that you do not get drawn into the “latest and greatest” technology myth.  There is absolutely no need to consume company resources for the sole purpose of having the most current technology unless there is a clear benefit to the operation.  Be diligent in matching purchases to both the current and the anticipated needs based only on the company’s operating plan.  Do not spend one dime that you do not have to – you will need it someday. Ask yourself: What type of technology or level of capacity is required by the specific application for which you are making the purchase?  Not only is it not necessary to purchase a $20,000 server when a $2,000 desktop PC will do the job, it is irresponsible.