IT provides a huge platform for a company to connect the global world with internet. Internet has a wide range of many resources which are company expects to meet such as customers, buyers, service providers, technical staff, etc. with the help of Internet business can run on a single website like General Electric company.
then it also saves company's cost because some works can do automatically with help of a website.
Information system and technology provide various channels to communication like E-mail, Instant messages, SMS servers, etc to all employees at any time all over the world. This type of software helps to saving time and cost. Of the company Software are very important for a company for instant Information of stocks, assets valuation, sales, purchases, and service.
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Decision making theory helps to get a decision about something very easy than genaral. so after IT, its more clear that management can get a right decision with no tired ( )because its(IT) provide latest information to the management about employee, stocks, sales, purchase, and services, etc.
The management can make a decision after check IT reports.
Technology management is set of management disciplines that allows organizations to manage their technological fundamentals to create competitive advantage.
IT in itself may not provide any competitive advantage, but when combined with the right approach and used a certain way in an information system, that can provide a big boost. If we compare the pre-computer and post-computer business approach, IT definitely brings more efficiency, productivity and less consumption of time, if used properly and with knowledge.
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By eliminating waste, redundancy, and friction in the process of moving information, information economy business gain competitive advantage over their competitors.
•Support of business processes and operations. •Support of decision making by employees and managers. •Support of strategies for competitive advantage.
Information technology that enables a firm to accomplish a task or goal or to gain or sustain a competitive advantage in some way.
they dont have any technology
Licensing proprietory technology to foreign competitors is the bes way to up a firms competitive advantage discuss
Information gives you competitive advantage over others . For instance, this will help in making informed decisions in what to produce as a result of the demand information you may have.
The answer can be benefits to communication, improved workplace efficiency, competitive advantage over rivals, cost reduction, and economic efficiencies. Allsoftgo
it can't.
it can't.
Banking technology is software and technology used within the banking industry. The right technology and software can create a competitive advantage for some banks.
Technology management is set of management disciplines that allows organizations to manage their technological fundamentals to create competitive advantage.
Yes, that is a potential way to gain a competitive advantage. However, it is not only having the information, it is what that information means and/or how it is used.
saturated phase
Competitive advantage comes from 1. Creative products, which technology may help support 2. Excellence of service, where technology may support with speed and accuracy 3. Customer closeness, where technology may support customer analytics and contact points. 4. Low costs, which technology may support in many ways