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How can a company gain a competitive advantage over its competitors?

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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 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 can a company gain competitive advantage by having higher productivity than its competitors?

A company can gain competitive advantage through higher productivity by achieving lower production costs, which allows it to offer competitive pricing or increase profit margins. Enhanced productivity can lead to faster turnaround times, enabling the company to respond swiftly to market demands and customer needs. Additionally, higher productivity often correlates with improved quality and innovation, further distinguishing the company from its competitors and fostering customer loyalty. Ultimately, this combination of cost efficiency, responsiveness, and quality can solidify the company's position in the market.


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.


How can a company gain a competitive advantage by having higher productivity than its competitors have?

A company can gain a competitive advantage through higher productivity by reducing operational costs and increasing output without proportionally increasing expenses. This efficiency allows the company to offer lower prices or higher quality products, attracting more customers. Furthermore, enhanced productivity can lead to faster delivery times and better service, improving customer satisfaction and loyalty. Ultimately, this positions the company favorably in the market, enabling it to capture a larger market share.


Use of internet technologies help a company gain a competitive advantage?

If one company uses the Internet to tell customers what the sell and where the company is based then more customers will know about the company


What are the various ways in which communication can be used to support the management functions in an organisation in order to gain an advantage over ones competitors?

how can communication help management function to gain advantage over it's competitors


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.


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


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