Senior Management Teams of a Company - Essay Example

2. Carr rightly diagnoses that the strategic advantage of information is not everlasting for a firm. Even Porter and Miller argue that IT has the power to change all of Porter’s five forces. But three different companies or business organizations like Orkut, Facebook, and Twitter, though based upon similar ideas do not have the same number of clients. Here one might say that the first entrant into a specific segment using information technology might have more advantage over the others. An individual having an account with Orkut might have the same with the other two as well and hence identifying a strategic advantage at this point is almost impossible unless based on the time of entry.

2. Porter and Miller elaborate upon the industry’s attractiveness and alterations of the products, as they become information intensive. However, as information technology progresses, so will the need and risk to the security of a firm’s data. A product, which is information-intensive, is also bound to succumb to technical failures and security issues, which surely gives rise to complementary businesses hence the chain of different businesses might grow up with the popularity of information technology, which makes it healthy for a nation’s economy.

Questions
1. Does the time of entry play a strategic advantage anymore to a business as all businesses of a similar nature gain equal access to information technology?

2. What might happen in case of security breakdown or other technical issues in a firm, which is intensely dependent on IT?

3. Shall the businesses of economies less acquainted with information technology always be at a strategic disadvantage or vice versa (since they can learn from the mistakes of more IT-intensive economies)? Read More