Role of IT in generating competitive advantage - Coursework Example

Comments (0) Cite this document
Summary
 Role of IT in generating competitive advantage Executive summary: In modern times the methods of operations in organizations have totally changed. The way how they operated in past are totally revamped and computer has taken over them. No organization is free of the use of computer and internet and as a result tasks that would be done in weeks and days are only matter of hours and minutes now…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.6% of users find it useful
Role of IT in generating competitive advantage
Read TextPreview

Extract of sample
"Role of IT in generating competitive advantage"

Download file to see previous pages They serve as symbol towards achieving excellence and besides the symbol they are practical tool towards the tasks accomplishment. However yielding the best out of I.T setup requires thorough mechanism establishment that ensures maximum profits. This can be done through implementation of management strategies in alignment with information technology. The advantage served by information technology is the fact that activities that were done manually are being carried out with the help of this infrastructure which exists in the name of computer, internet and the field of information technology as a whole. Achieving competitive means surpassing the rivals, living up to the needs of modern day challenges and satisfying the customers’ needs. Companies strive hard for achieving this status and would invest in anything and everything to be competitively stronger than their rivals in the industry. In last two to three decades the use of information systems and relevant technology has become one of the most essential tool towards achieving competitive advantage. ...
Similarly people can fly between the continents in no time. The continents, oceans, mountains, and other barriers of past are no more obstacle to communication. This all has been made possible through technology and computer and information technology are the two major gifts of technology in it. with every individual possessing a cell phone or other form of digital device, the operations on non digital mode can hardly be imagined. Keeping up with the challenges and requirements of modern day, embracing the information technology is a must. It serves as that particular pre requisite that must be fulfilled in order to maximize the profits, gains, advantages and minimize the threats and losses(Schlemmer & Webb, 2008). No organization or government can think of living without the use and application of information technology. In fact it has equally penetrated into individual lives, even they cannot imagine life without cell phones, computers, and other digital devices which are part of our surroundings and have made our life far more comfortable than it was to the earlier generations. The slow pace of past generations and the modern day fast pace is the salient difference between the two and only one variable stands out in such cases and that is the information technology and computer dominance. Computer has dominated the world’s proceedings in every way. The competitive advantage can be in form of reducing the costs that would be otherwise incurred in the practices and completion of processes, increasing the company rating with reference to market standing, improving the company reputation through the eye of customers, improving the ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Role of IT in generating competitive advantage Coursework”, n.d.)
Role of IT in generating competitive advantage Coursework. Retrieved from https://studentshare.org/management/1403290-management-information-and-technology
(Role of IT in Generating Competitive Advantage Coursework)
Role of IT in Generating Competitive Advantage Coursework. https://studentshare.org/management/1403290-management-information-and-technology.
“Role of IT in Generating Competitive Advantage Coursework”, n.d. https://studentshare.org/management/1403290-management-information-and-technology.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
The role and importance of creativity and innovation in generating competitive advantage
...? The role and importance of creativity and innovation in generating competitive advantage Creativity and innovation are considered excellent elements for achieving competitive advantage in the 21st century. The process of innovation is supported by technological innovation and good management tools (Woodman, Sawyer and Griffin, 1993). Firms follow various strategies to secure competitive advantage over other players in the industry. This paper presents a discussion on some of the most popular strategies adopted by successful organizations around the world. Porter’s generic strategies Michel E. Porter has emphasized that the motivation behind the formulation and adoption of any strategy is the achievement of competitive advantage... . To...
8 Pages(2000 words)Essay
Competitive Advantage
...in a certain marketplace and these could be required resources to attain minimum requirement of customer. For instance, high demands by contemporary suppliers’ retailers imply that such suppliers must have advanced information technology skills to be able to meet requirements of retailers (Versaevel, 2007). For an organisation to attain and sustain competitive advantage, ethics and social responsibility have a role to play. Social responsibility is the way organisations combine social, economic, and environmental issues into the organisational culture, beliefs, decisions, functions and strategy in an effective and transparent way to create efficient practices in the company,...
5 Pages(1250 words)Research Paper
Competitive Advantage
...Competitive Advantage Competitive advantage is that which an organization occupies in its own competitive arena. According to Collis and Hussey (2003), competitive advantage is realized when firm earnings are more than the expenses, at this point the firm is said to be achieving some economic rent. It is the economic rent that makes most competitors imitates other companies competitive advantage thus it becomes impossible for any given company to sustain its competitive advantages a longer duration of time. However, a company can have some positions, strategies and processes that are hard to be copied by other companies. In such a scenario the firm will be able to sustain its competitive advantage. This becomes a great advantage... to the...
8 Pages(2000 words)Case Study
Competitive advantage
...Introduction Organizations around the world have been devising and implementing numerous strategies for decades in order to gain competitive advantage in their line of operations. Some of these strategies involve integration of their operations pertaining to the supply chain. In so doing the organization tries to look into the costs it incurs in the whole production process and the amount of control it has over each and every process. When considering vertical integration strategy for example, an organization looks into managing its supply chain from both the supplier’s and the client’s sides (Ellram 1991). This is a trend that is popular mostly with retailers who wish to control both ends of their...
6 Pages(3000 words)Essay
Competitive advantage
...Nucor Case Study Instead of a separate performance appraisal system, Nucor judges performance based on quality, productivity and profitability. What are the advantages and disadvantages of Nucor’s choice? The primary advantage that Nucor gets out of its performance judgement system is outstanding labour relations. There are no union based problems as employees are satisfied and trust the company for their good. Moreover, Nucor’s system helps employees earn more money than their counterparts through innovative schemes. This ensures that the most productive people are brought to the front and appreciated accordingly. In most other workplaces, all people earn equal salaries whether they work equally or not....
2 Pages(500 words)Essay
Competitive Advantage
...sells in cash, as opposed to the competitors who offer cash and credit card services. Creating consumer awareness is a vital marketing tool (Daviron & Ponte, 2006). Tim’s Coffee Shoppe has not invested enough in advertising. This has given the rivals an added advantage over Tim’s Coffee Shoppe. Tim Hortons undertakes intensive and extensive advertising, thus constituting a major strength in that line. There is need for Tim’s Coffee Shoppe to diversify its advertising strategies and practices. In conclusion, Tim’s Coffee Shoppe outperforms Queequeg’s Coffee in terms of general competition, but it is outperformed by Tim Hortons in the same respect. To stand out over the competitors, Tim’s...
4 Pages(1000 words)Research Paper
Competitive Advantage
...a particular brand purchased, and have the willingness to purchase it another time comfortably. Speed should also be factored in a company’s competitive advantage since; it provides efficiency in the delivery of goods and services. Consequently, having fair and reliable distribution channels is an added advantage to any company. A reliable delivery service with a strong distribution network plays a major role in attracting a large client base for the company (Pearce & Robinson, 2012). In conclusion, it is therefore essential for any company willing to expand and grow above its competitors, to adopt all the three factors to relation to boosting a company’s...
1 Pages(250 words)Assignment
Competitive Advantage
...Barnes & Noble is the industry leader in the book industry. The company generated $7.13 billion in sales in (Barnesandnobleinc, . The organization holds various competitive advantages over a small bookstore. As a public company whose stocks are traded in the New York Stock Exchange Barnes & Noble has greater access to capital than small bookstores. The firm has the ability to raise capital through the sale of stocks and bonds. The company also has a superior marketing and advertising budget which has enabled Barnes & Noble the ability to build brand value. Barnes & Noble has the greatest product variety in the industry in both books and e-books. Due to the size of the company the firm is in a better position to offer lower prices... & Noble...
1 Pages(250 words)Assignment
Competitive advantage
...COMPARATIVE ADVANTAGE THROUGH E-COMMERCE LOGISTICS al Affiliation) Key words: Comparative Advantage Study All statistical surveying reports demonstrate a consistent, critical increment of online deals at the cost of conventional disconnected from the net retail. Satisfaction of online requests, in any case, is testing. With a CATELOG concentration in logistics, open doors that can help increment online deals in a productive way will be mandatory. Three angles are fundamental to the task: Cross-fringe retail logistics (Abnamro 2011). While online channels have no fringes and take into consideration snappy global extension, shopper inclination for sorts of e-satisfaction is prone to contrast crosswise...
3 Pages(750 words)Research Proposal
The role of IT in generating competitive advantage for a business organisation of your own choice
...The Role of IT in Generating Competitive Advantage al Affiliation) Table of Contents Table of Contents 2 0 Introduction 3 2.0 Analysis 4 3.0 Recommendation & Conclusion 7 4.0 References 9 1.0 Introduction Today, the modern society is characterized by the rapid expansion and development of information technology (IT). In addition, the world is depending on information technology on a daily basis to run their activities. Therefore, IT covers all forms of technology that are used to create, use, exchange and store information in various forms. In the field of IT individuals use computers, storage and networking devices and infrastructure to create, exchange, process, store...
8 Pages(2000 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Coursework on topic Role of IT in generating competitive advantage for FREE!
logo footer
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us