Businesses need to be competitive in order to ensure growth and profitability in the future. Businesses must focus on their core business function and develop operational strategies to ensure they are competitive within their market. Operational strategies such as setting performance objectives and developing new products and designs are integral to businesses in achieving cost leadership and product differentiation. Ultimately, ensuring businesses like Apple remain competitive. Apple is a multinational
on how companies gained competitive advantaged and how strategic information systems help companies create and sustain competitive advantages. To create a basis this article first described why companies wanted to develop an information system. This article described the three general types of information systems as financial, operational, and strategic information systems. The author went in to little detail about each but focused more on the strategic information system. After going into detail
Vol. 5, No. 7; July 2010 Competitive Advantages and Strategic Information Systems Mahmood Hemmatfar, Ph. D. Faculty Member of Islamic Azad University, Brojerd Branch, Iran Mahdi Salehi, Ph. D. (Corresponding author) Assistant Prof. Department of Accounting and Management Ferdowsi University of Mashhad, Iran Tel: 98-912-1425-323 E-mail: Mahdi_salehi54@yahoo.com Marziyeh Bayat, Ph. D. Faculty Member of Islamic Azad University, Hamedan Branch, Iran Abstract Information edge and 3rd millennium predisposed
their competitive advantages in order to achieve this ambition. Competitive advantage is the service or product, which the customers of a business enterprise value greatly than the similar offerings from its rivals. Integration of information technology in running the affairs of the business increases it chances of achieving a competitive advantage. Nevertheless, firms must develop effective strategies that would enable them to achieve the desired results from the resources spent on information technology
LABUAN SCHOOL OF INTERNATIONAL BUSINESS AND FINANCE UNIVERSITI MALAYSIA SABAH LABUAN INTERNATIONAL CAMPUS ASSIGNMENT COURSE: INFORMATION TECHNOLOGY FOR BANKING MANAGEMENT CODE : GB 31103 Name Matrix no. Cheng Khai Ling (L) BG 12110059 Lilien Choong Hooi Hyit BG 12110236 Low Xin Yi BG 12110263 Chu Vui Kien BG 12110090 Yap Chun Hien BG 12110596 Chong Vui Fatt BG 12110081 Value Chain A value chain is a chain of activities that a firm operating in a specific industry performs in order to deliver
Name: Date: Introduction: Performance management system in any organisation considered as one of the most critical part of Human resource management. Organisation who are having competitive edge over other organisation use performance management system that help an organisation to achieve its vision, mission and strategic or long term objective. Performance management system help organisation to create an environment of performance and opportunities and giving out 100% (Office of the Commissioner
century, almost all companies at the global level are utilizing Information technology in their attempt to achieve the desired productivity. It is however worth noting that manufacturing, processing, assembly as well as service industries and companies have sought to utilize IT without emphasis on the specific achievements. In this context, it has come to the notice of many critics that entrepreneurs are utilizing IT just for purpose of achieving high profits and without paying key attention to the strategic
building blocks of competitive advantage and talks in detail about one of the major factors, which is superior efficiency. The report identifies what superior efficiency is and how it could benefit an organization in generating competitive advantage. Finally the report will evaluate the methods in which the company could achieve superior efficiency. 2. Generic Building Blocks of Competitive Advantage According to Hill & Jones (2008), a business is said to enjoy competitive advantage when that business
Coordinated Information Technology Is A Competitive Advantage Introduction The lifeblood of any organization is its information. Suppliers, service providers, selling partners and key stakeholders all rely on an organization to execute strategies based on the latest available and best data they have. Supply chain specifically are very reliant on real-time information including supplier performance levels and quality audit results (Forslund, 2010). Enterprise-wide information systems are the backbone
the improvement of the country’s position in the global market. Information technology is commonly used as a tool of the achievement of the above targets (Xu et al., 2009, p.18); current study focuses on the potential role of information system as a tool for achieving competitive advantage; reference is made to the communication