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Saturday, February 15, 2020 | History

2 edition of Technology and information technology as a tool for competitive advantage. found in the catalog.

Technology and information technology as a tool for competitive advantage.

Aaron Yates

Technology and information technology as a tool for competitive advantage.

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Published by University of East London in London .
Written in English


Edition Notes

Thesis (MSc B.I.S) - University of East London, 1994.

ID Numbers
Open LibraryOL21254507M

Martino notes that Webster's Seventh Collegiate Dictionary defines technology as "the totality of the means employed to provide objects necessary for human sustenance and comfort. The process is complicated by the fact that many IS products are strategic though the potential benefits are very subjective and not easily verified. Information technology would fall specifically under this activity. Hence, viable business strategy may not be adequate unless it possesses control over unique resources that have the ability to create such a relatively unique advantage.

Further, the firm has been able to enhance its original product significantly, thus making itself a moving target. The sophisticated financial planning packages being used by sales forces of major insurance companies build similar barriers. As described earlier, IS can lead to products that are of higher quality, that can be delivered faster, or that are cheaper. Many disagree with these definitions. They have a 1,year-plus tradition of storing books made of parchment and wood pulp.

Some companies may be able to combine one or more of these advantages. The more types of products or services there are that can meet a particular need, the less profitability there will be in an industry. In network economics, the marginal costs of adding another participant or creating another product are negligible, whereas the marginal gain is much larger. This builds a better relationship. Microsoft SharePoint.


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Technology and information technology as a tool for competitive advantage. book

Capturing, analysing and sharing big data enables them to make business critical decisions. In his book, Michael Porter recommended making those goods or services attractive to stand out from their competitors. This company, which is cutting staff and financial expenditures overall, is increasing IS expenditures and staff as a strategic investment.

According to Porter, there are two primary methods for obtaining competitive advantage: cost advantage and differentiation advantage.

Cisco WebEx. It's especially difficult to do them year in and year out. For years it had used electronic technology to drive costs down by developing cheaper methods of sorting and distributing magazines. Second, there will be an increase in communication between those who need the efficiency and training gains with those that can provide multiple alternatives in areas that may not have been considered previously using technology.

In the same vein, another manufacturer has supplemented such a service with immediate dispatching of spare parts. So the question becomes: how can information technology be a factor in one or both of these methods?

This can be gained by offering clients better and greater value. A company can use this technology, for example, to build a barrier to entry, to build in switching costs, and even, sometimes, to completely change the basis of competition.

Service can be enhanced via technology as well, including support services through websites and knowledge bases. What are their needs? Technology empowers the customer. For example, newspapers were slow to respond to the availability of free news on the internet.

Microsoft SharePoint. WebEx also provides a shared whiteboard and the capability for text-based chat to be going on during the sessions, along with many other features. By integrating suppliers and distributors via EDI, a company can vastly reduce the resources required to manage the relevant information.

Can IS change the balance of power in supplier relationships? If their answer to one or more of these questions is yes, information technology represents a strategic resource that requires attention at the highest level.

An excellent example of this is Apple. A semi-structured decision is one in which most of the factors needed for making the decision are known but human experience and other outside factors may still play a role.

Each step in the value chain contributes to the overall value of a product or service. Human resource management: This activity consists of recruiting, hiring, and other services needed to attract and retain employees.New Information Management Book Shows Senior Business Executives How to Use Technology as a Competitive Edge "C-level executives and key managers keenly understand that technology is a tool.

Chapter 2. Information Technology for Sustained Competitive Advantage Information Technology (IT) provides value to the company but the quantitative influence of IT on sustained competitive advantage (SCA) remains elusive.

This chapter defines the SCA and. Dec 23,  · "Futurist" John M. Jordan's Information, Technology, and Innovation: Resources for Growth in a Connected World is encyclopedic in coverage of trends and effects from digital transformation.

As a seasoned instructor, novices will benefit /5(8). Effective Competitive Advantage: Strategy, Technology and Information. Thomas A.

Technology Strategy as a Competitive Advantage

Drohan. InProject Socrates began as an initiative within the Reagan administration to develop technology-driven competitive advantage.

Bythe effort had been canceled by the Bush administration because it looked like industrial policy. A company gains competitive advantage by providing a product or service in a way that customers gain more value than with a competitor.

However, it is not information technology that gives a company a competitive advantage; it’s the way they use information technology that makes the atlasbowling.com: Karehka Ramey. Dec 14,  · InHarvard Business School professor Michael Porter wrote "Competitive Advantage."   It's the definitive business school textbook on the topic.

He wrote it to help companies to create a sustainable competitive advantage. Just because a company is the market leader now, doesn't mean it will be forever.

Technology for Competitive Advantage