Describe how information systems could contribute to a competitive advantage of a product or service that we are familiar with.
Well there are a few that come to mind. Looking at information systems, we can come up with a pretty good list of how they can help a business obtain a competitive advantage. This advantage could help:
- Reduce costs
- Make it difficult for new entries into the market
- Create new products or services
- Enhance products or services
- Establish alliances
- Lock in suppliers or buyers
So with that said, let's take a look at a strictly ebusiness. The giant of ebusiness is probably eBay. There are no physical locations you can go to and place a bid on an auction. EBay has helped reduce costs for merchants of all sizes by allowing them to minimize overhead costs such as rent, inventory, and advertising. EBay's ...
Discussion on how information systems help a company gain a competitive advantage for its product or service. Talk on eBay, Glubble, and KidZui.