Cybersecurity is an essential component of any business. Business leaders should implement these systems with caution and with a sense of urgency, since they are go right here to read about The Edge of Virtual Due Diligence Rooms susceptible to being targeted by cyberattacks. Business development involves identifying and implementing new opportunities, creating and maintaining relationships with customers, creating strategic partnerships, and establishing strategies to increase profits. It impacts nearly every department in a business, from marketing to HR.
In order to answer the research question, “How does a company’s adoption of cybersecurity technologies influence its performance?” we examined the impact of various technological elements, environmental and organizational factors on an organization’s intention of implementing these technologies. We specifically used the TOE framework (Turner, Odeberg, and Egan 2002; TOE) to investigate the impact of these factors on the organizations’ willingness to adopt cybersecurity technology.
The TOE framework is comprised of four elements: (1) perceived utility, (2) perceived ease-of-use, and (3) observability. We found that these three variables influenced the organizations’ intentions to adopt cybersecurity technology and their performance. In addition, competition pressure and vendor support also had an impact on the willingness of companies to take on these technologies.
Cyberattacks are becoming more frequent and can result in grave damage to a company’s reputation, finances, and operational capabilities. Fortunately, the most recent cybersecurity technology can help businesses avoid the abrasions and improve their financial performance. It’s time to change our perspective from a view of cybersecurity as an expensive defensive expense to seeing it as a business necessity that can drive growth.