Cryptocurrencies such as Bitcoin are becoming more popular by the day. Millions of users across the world are already using Bitcoin as a payment method in their everyday lives. Businesses, both online and offline, are also accepting Bitcoin payments quite commonly these days. Despite the rapid growth, however, there are still businesses and corporations that are reluctant to accept Bitcoin payments. According to the New Jersey Institute of Technology and its MBA in information technology program, the main cause of this reluctance is actually change itself.
It is difficult for an established business to change its management models. As a matter of fact, it is difficult for businesses to change at all. There are barriers that must be dealt with before change can be effective. These barriers, including not having the necessary abilities to adapt, are causing the reluctance in most cases.
You can learn more about why businesses often find change difficult from the Top Business Management Models for Effective Management infographic by the New Jersey Institute of Technology.