Second, information technology is an increasingly important lever that companies can use to create competitive advantage a company’s search for competitive advantage through information technology often also spreads to affect industry structure as competitors imitate the leader’s strategic innovations. Businesses can use technology to gain competitive advantage and increase on their (roi) return on investment a business is driven by five major forces and these include (1) buyer power, (2) supplier power, (3) threat of substitute products or services, (4) threat of new entrants, (5) rivalry among existing competitors. A index has been defined to show robotic, computer and telecommunications technology which may have a positive influence on competitive advantage during the preliminary study a total of 17 types of information technology used in the pharmaceutical distribution sector were identified (robotic, telecommunications and computing technologies.
Telecommunications networks will be the transport media for the industries that provide massachusetts with a competitive advantage however, unlike transport infrastructure such as roads and bridges, telecommunications infrastructure does not necessarily require government funding. In order to achieve the competitive advantage, the companies should reduce the rate of relative cost to the minimum so that they can compete with their competitors there is available, significant literature in the area of the competitive advantage as there have been conducted many researches in the past that provide sources of how to gain. Firm can have a significant impact on competition a technology is important for competition if it significantly affects a firm's competitive advan tage or industry structure technology and the value chain the basic tool for understanding the role of tech nology in competitive advantage is the value chain.
There will taken into account different theories regarding the competitive advantage and factors that affect the telecommunication industry (nelson & todd, 2005, pp 199) the analyst jobber (2004) has proposed different advantages that are associated with the competitive advantage. Business people must understand the use of information technology to gain competitive advantage in this case, they work hand in hand with a technical team to achieve this goal designing an information system that gives the competitive advantage needs at least two things. Telecommunications can provide firm competitive advantage in many different ways the first and probably most obvious way that telecommunications provide the competitive advantage is through the amount of time saved by an organization. The technology affects value activities themselves or allows companies to gain competitive advantage by exploiting changes in competitive scope lowering cost as we have seen, information technology can alter a company’s costs in any part of the value chain 8 the technology’s historical impact on cost was confined to activities in which repetitive information processing played a large part.
Describe in detail the ways that telecommunications technology can provide a firm with a competitive advantage a competitive advantage can be achieved by enhancing the firms ability to deal with customers, suppliers, substitute products and services, and new entrance into its market.
A company gains competitive advantage by providing a product or service in a way that customers gain more value than with a competitor however, it is not information technology that gives a company a competitive advantage it’s the way they use information technology that makes the difference.
The competitive advantage in these four key industries will be at risk in addition to its telecommunications infrastructure, massachusetts has the highest concentration of telecommunications manufacturing employment. Badm 350 quiz 1 study play the _____ department in an organization not only ensures that systems get built and keep running but also take on strategic roles targeted at proposing solutions for how technology can give the firm a competitive edge that systems get built and keep running but also take on strategic roles targeted at.
Results show that ownership structure is a key element in explaining competitive advantage differences nonetheless, we did not find any it- ownership structure complementary effect keywords information technology, ownership structure, competitive advantage, cooperative firms.