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Why do some firms obtain greader value from their information systems than others?
Wiki User
∙ 9y ago
Having a great information system isn't the only thing that makes a great company. A management must hire great people who know how to leverage their information system.
Wiki User
∙ 9y ago
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What is the competitive advantage of information system?
The competitive advantage of Information Systems includes cost leadership, differentiation, and innovation, among others. In cost leadership, organizations can use Information Systems to reduce the cost of doing business by establishing methods such as e-procurement. In differentiation, organizations can utilize social media and other online services to improve quality communication with customers.
Why do some firms obtain grater value from their information system than others?
Information systems go beyond the mere capturing of data and their subsequent transformation to information, that is, processed data. Present day information systems deals with timeliness and fact reporting. Every organisation requires a very strong Information department which should continously work to send out quality amount of information at the right dosage and to the right person, place, market or Governments. Most firms fail to fully benefit from the information systems age because such organisations gives informatin to its publics but receive interractions from inappropriate quarters. Once this is the case, such organisations only promote information mismatch rather information management. People seek out new opportunities everyday and the hope to succeed in their quest hinges on the right type of information. Thus, only those organisations that knows exactly what the people want and are able to idenify these needs through their campaigns will obtain yhe greater value in the long run. Just few organiatins have been able to carve a niche for themselves in the ever growing markets flanked by increasing demands. What is their biggest secret? Right information for the right people in the right place and at the right time is their trademark secret. With this instrument at your finger tips, you will keep corporate failure at bay in a long, long time. Information systems go beyond the mere capturing of data and their subsequent transformation to information, that is, processed data. Present day information systems deals with timeliness and fact reporting. Every organisation requires a very strong Information department which should continously work to send out quality amount of information at the right dosage and to the right person, place, market or Governments. Most firms fail to fully benefit from the information systems age because such organisations gives informatin to its publics but receive interractions from inappropriate quarters. Once this is the case, such organisations only promote information mismatch rather information management. People seek out new opportunities everyday and the hope to succeed in their quest hinges on the right type of information. Thus, only those organisations that knows exactly what the people want and are able to idenify these needs through their campaigns will obtain the greater value in the long run. Just few organisations have been able to carve a niche for themselves in the ever growing markets flanked by increasing demands. What is their biggest secret? Right information for the right people in the right place and at the right time is their trademark secret. With this instrument at your finger tips, you will keep corporate failure at bay in a long, long time. IKISEH, FRANKLIN C. Information systems go beyond the mere capturing of data and their subsequent transformation to information, that is, processe
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What is the competitive advantage of information system?
The competitive advantage of Information Systems includes cost leadership, differentiation, and innovation, among others. In cost leadership, organizations can use Information Systems to reduce the cost of doing business by establishing methods such as e-procurement. In differentiation, organizations can utilize social media and other online services to improve quality communication with customers.
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