OMIS2000- Chapter Notes

Firms will accelerate time to market and to customers

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Unformatted text preview: et on Competitive Advantage: Competitive Force Impact of the Internet Substitute Enables new subs to emerge w/ the new approaches to meeting products/services needs & performing functions Customers’ bargaining Availability of global price and product info shifts bargaining power power to customers Suppliers’ bargaining Procurement over the internet trends to raise bargaining power power over suppliers; suppliers can also benefit from reduced barriers to entry and form the elimination of distributors and other intermediaries standing b/w them and their users Threat of new entrants The internet reduced barriers to entry, such as the need for a sales force, access to channels, and physical assets; it provides a technology for driving business processes that makes other things easier to do Positioning and rivalry b/w Widens the geographic market, increasing the # of competitors existing competitors and reducing differences among competitors; makes it more OMIS 2000 Final Exam Gahtan 8 difficult to sustain operational advantages; puts pressure to compete on price Page 81 – How much do Credit card companies know about you? – great study to show the use of IS to gain an immense amount of information on an average consumer. Page 83 – Is the iPad a disruptive technology? – All new revolutionary technology that has made a name for itself in the market. Creating a want that never existed. The Business Value Chain Model: highlights specific activities in the business where competitive strategies can be applied and...
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