7: Leveraging Information Systems for Strategic Advantage
- Page ID
- 22792
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Upon successful completion of this chapter, you will be able to:
- Describe Porter's competitive forces model and how information technology impacts competitive advantage.
- Describe and apply Porter's value chain model and its relationship to IT.
- Describe information systems that can provide businesses with a competitive advantage.
- Describe the collaborative systems that workers can use to contribute to their organization.
- Distinguish between a structured and an unstructured decision and its connection to IT.
- Discuss the challenges associated with a sustainable competitive advantage.
This chapter will explore how organizations use information systems to achieve and maintain a competitive advantage and enhance their operational efficiency in the value chain and decision-making processes. We will discuss the influential research of Brynjolfsson, Carr, and Porter on information technology and its role in gaining a competitive advantage.
- 7.1: Introduction
- We will look at the value IT can bring to an organization
- 7.2: The Productivity Paradox
- In this section, we look at the impact of IT on productivity and the productivity paradox
- 7.3: Competitive Advantage
- What does it mean when a company has a competitive advantage? What are the factors that play into it? According to Michael Porter in his book “Competitive Advantage: Creating and Sustaining Superior Performance,” a company is said to have a competitive advantage over its rivals when it can generate profits that surpass the industry average and continue to do so over time.
- 7.4: Using Information Systems for Competitive Advantage
- This section will look at how information systems are and can be used to give businesses a competitive advantage.
- 7.5: Investing in IT for Competitive Advantage
- In this section, we discuss the importance of investing in IT for competitive advantage and Artificial intelligence.
- 7.7: Study Questions
- Study questions with answers provided and suggested exercises.