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Competitive advantage can come from products, employees and operations. When a firm has a competitive advantage, they are able to operate as a leader within their industry.
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Describe 5 ways in which globalization has affected a business in their effort to create a competitive advantage?
Describe 5 ways in which globalization has affected a business in their effoet to create a competitive advantage.
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 a network help a company to gain and maintain a strategic competitive advantage?
A network will allow all the computers and printers to be linked together as one.Because of that, everyone in the company will be more functional by using the same up to date data from databases. ?In other words, live information.It will also enhance communication since everyone is linked to each other.Competitive advantage: ?your company operates faster and more efficiently which could also lead to lower costs.
Information technology is a strategic weapon or a survival tool?
Information systems are strategic to the extent that they support a firm's business strategy . Most internet based business models used the Internet and its own information systems to support its strategy in several ways. In my opinion, IT can be said to be both a strategic weapon and a survival tool depending on the context. Opinions are highly contextual and can differ depending on the situation. In case of brick-and-mortar companies having an online presence maybe an extension of their business strategy, but for companies like Amazon and e-Bay, which entirely depend on the internet for survival, IT/IS is a critical core competency for sustained competitive advantage. A well established internet strategy built into the overall business strategy will provide competitive advantage and this can be illustrated through the success stories of Amazon, e-Bay, Yahoo,& Google. Information technology has been extensively used by online businesses to leverage intangible, complementary human and business resources such as flexible culture, strategic planning-IT integration, and supplier relationships resulting in sustainable competitive advantage and business agility.
Is provision of internet access a competitive industry?
yes
What are LG electronics competitive advantage?
LG electronics have a competitive advantage due to their high levels of research and development. They often come out with new advancements which set them apart from other companies.
What is the Competitive advantage of GM?
Differentiation advantage
What does competitive advantage mean and what is one means of identifying?
A competitive advantage is something that allows one company to outperform competitors. One way to identify a competitive advantage is comparing profits. If one competitor has higher average profits, then it has some kind of competitive advantage.
What is mean by fit drives both competitive advantage and sustainability?
fit drives both competitive advantage and sustainability?
What does competitive advantage have to do with strategic planning?
Competitive Advantage is vital to Strategic planning. Strategic planning identifies strengths and weaknesses and visions and missions for the future. Competitive advantage relys on the benefits of the companies strengths and act upon them to turn them into competitive advantage. Other firms can't duplicate strategy or competivness that they don't have.
What are the Building blocks of competitive advantage?
1- Efficiency 2- Quality 3- Innovation 4- Customer responsiveness = Competitive advantage
How do E-business and IT help organizations in achieving sustainable competitive advantage?
e-business and IT help organizations in achieving sustainable competitive advantage?
What is Pepsi's competitive advantage?
According to statistics, in 2010, Pepsi had 11.5% of the global soft drink market.
What are the sources of the firm's market power?
The source of a firm's market power is its competitive advantage. When a business has a competitive advantage they can use that to make significant changes in the industry.
The concept of competitive advantage is as important for non-profit organizations as it is for profit organization?
The concept of competitive advantage is as important for non-profit organizations as it is for profit organization?
What does competitive advantage have to do with business process analysis?
Examining your business processes to ensure that they are efficient will help you get a competitive edge. The faster your machines are able to produce products, the faster consumers will have them; this gives the business a competitive advantage.
What is competitive advantaged?
Competitive advantage is a term given to any factors that helps a business succeed over its rivals. If a business has a better location than another rival business, that would be a competitive advantage. Another example of competitive advantage might be the company's products versus a rival's products or a company's total market share.
