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How information can help an organization gain competitive advantage?
Wiki User
∙ 13y ago
it can't.
Hulda Gleason
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How can a company gain a competitive advantage over its competitors?
mask work
How can coca cola gain competitive advantage in marketing?
This question is not precise enough. What is a competitive advantage in marketing? Economies of scale? Getting the right message across that captures the customer?
How did Sony company utilize market research and intelligence issues to gain competitive advantage?
They organise it in such a way so they can spot what people want within the market, essentially identifying a gap in the market in which they occupy to make their products exactly what consumers in the target market want
What are cost effective public relations?
cost effective relationship are those which on which organization spent a lot of money every year to gain the customer satisfaction.
What is the importance of MIS in an organization?
Modern business is spurred on by technology and innovation. The driving force behind these two things is information and how it is used. For decades, business used information as a strategic tool to grow customer base, market share, cut costs and to gain the overall target of increased profits and efficiency. In the modern environment, information on its own isn't enough, what's required is a way to use this information properly, keep it secure and to make it accessible to the appropriate parties. To do this, a new strategic asset has been developed. The new asset is Information Technology and in the business context it's called Management Information Systems (MIS).
How can information help an organization gain a competitive advantage?
it can't.
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.
How can an organization use ERP implementation to obtain competitive advantages?
The choice to implement an ERP will help the business gain a competitive advantage by making them more efficient. If the ERP helps reduce waste, it can also reduce cost for the organization.
How does information technology help an organization gain a 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.
What is the relationship between an organization and its information systems?
An organization's information systems support its operations by collecting, storing, processing, and delivering information to meet business needs. Information systems help organizations make informed decisions, improve efficiency, and gain a competitive advantage. The relationship is essential for the organization to effectively manage its data and processes.
How can information management improve a business?
By eliminating waste, redundancy, and friction in the process of moving information, information economy business gain competitive advantage over their competitors.
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 reservations would you have in developing computerized applications to gain a competitive advantage in an important market for your company?
What reservations would you have in developing computerized applications to gain a competitive advantage in an important market for your company?
How do companies use information systems to improve their core competencies?
Companies use information systems to store and analyze customer information. With the information systems in place, the company can gain a competitive advantage.
How can you describe four trends in the global business environment that have made information systems so important?
It helps company to gain a competitive advantage
How can a company gain a competitive advantage over its competitors?
mask work
Why do all organizations need to rely on groups and teams to achieve their goals and gain competitive advantage?
Explain and discuss why organizations need to rely on groups and teams to achieve their goals and gain a competitive advantage
