IT and competitive advantage
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Please provide your explanation in detail for the following question:
1. What changes in information technology will have the most impact on a company's ability to achieve a competitive advantage? Please give examples.
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Solution Summary
IT and competitive advantages are examined.
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Some of the important changes in information technology which will have the most impact on a company's ability to achieve competitive advantage are:
1) Communication: With the advent of modern information technology tools, the communication has not only become much cheaper over long distances, but has also become very fast. Today, more and more companies are opening up global offices to obtain comparative advantage by working in other countries which has been made possible by advancement and changes in information technology. For example, Voice Over IP phones have substantially decreased the cost of communicatin ...
Education
- BCom, SGTB Khalsa College, University of Delhi
- MBA, Rochester Institute of Technology
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