In my organization, it seems that much of the equipment is owned. However, when bringing...
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In my organization, it seems that much of the equipment is owned. However, when bringing in new technology, it is generally leased for a period of time, sometimes years before it is purchased. At times this is because the organization is not sure if they are going to have continuing use for it, or they are not sure that the equipment is going to be able to meet the needs of the organization. Whatever the reason may be, leasing gives the company the chance to try it out and see how it works without the risk of paying for it outright and possibly losing money. Brigham & Ehrhardt (2020) also pointed out in the text that leasing can be a good way to protect companies from technological obsolescence, which is another reason that my company chooses to lease certain equipment rather than purchasing right away. In the medical field there are always new things coming on the market, this gives organizations the chance to try these things out with less risk.
Do you agree or disagree with this statement? please explain
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