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How can information technology support a company's business processes and decision making and give it a competitive advantage and what examples illustrate this?
Wiki User
∙ 13y ago
Information technology provides a platform for a company to connect the global world with internet. Internet has a wide range of customers, buyers, service providers, technical staff, etc. with the help of Internet business can run on a single website like General Electric company
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.
Decision making is very easy to the management after IT because its provide latest information to the management for employee, stocks, sales, purchase, and services, etc
The management can make a decision after check IT reports.
Wiki User
∙ 13y ago
Wiki User
∙ 13y agoSupport business processes:
Information technology can automate manual process such as document transmission. Instead of writing memos or letters, employees can compose and send e-mails electronically.
Information technology can also facilitate the reengineering of entire business processes.
Competitive advantage:
Product innovations or cost savings program can provide a product or price advantage over competitors that lasts until competitors catch up.
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What is enabling technology?
Information technology that enables a firm to accomplish a task or goal or to gain or sustain a competitive advantage in some way.
What is airasia new technology to gain competitive advantage or improve its profitability?
they dont have any technology
Is licensing proprietary technology to foreign competitors is the best way to give a firms competitive advantage?
Licensing proprietory technology to foreign competitors is the bes way to up a firms competitive advantage discuss
How information gives you competitive advantage?
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.
Why business needs information technology?
The answer can be benefits to communication, improved workplace efficiency, competitive advantage over rivals, cost reduction, and economic efficiencies. Allsoftgo
How can information help an organization gain a competitive advantage?
it can't.
How information can help an organization gain competitive advantage?
it can't.
What is banking technology?
Banking technology is software and technology used within the banking industry. The right technology and software can create a competitive advantage for some banks.
What is the impact of technology management of technology?
Technology management is set of management disciplines that allows organizations to manage their technological fundamentals to create competitive advantage.
Could a company gain a competitive advantage in its respective industry by having access to more information over its competitors?
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.
What is the last phase of the technology development cycle where a technology no longer provides a competitive advantage because everyone uses the technology?
saturated phase
How does a company use technology to gain competitive advantage?
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
