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Cost leadership and differentiation simultaneously

Companies have traditionally opted between either a predominately low cost, or a differentiation strategy as a means of seeking competitive advantage. Is it possible to use information technology to do both at the same time. Why or Why not?

Define knowledge management and provide at least three reason for why KM is getting so much attention lately?

Briefly describe the steps of a pure prototyping methodology as an alternative to an SDLC approach. Which disadvantages of an SLDC methodology are addressed by a prototyping approach?

The SLDC is composed of a number of phases. In your view, which phase is more important? Identify the phase that you deem to be most important in the sequence, and explain the rationale.

What is a work breakdown analysis and why is this concept important?

Solution Preview

Companies have traditionally opted between either a predominately low cost, or a differentiation strategy as a means of seeking competitive advantage. Is it possible to use information technoligy to do both at the same time. Why or Why not?

Yes, IT can be effectively use to do both at the same time because today's advanced information technology allows an organization to not only save costs and operate as efficiently as possible, but also provides significant competitive advantage as well as provides distinct positioning to an organization against its peers. The effective use of IT can allow a firm to move ahead of competition by offering better products and services and thus, help in pursuing differentiation strategy as well as saving cost of operations in the organization.

Define knowledge management and provide at least three reason for why KM is getting so much attention lately?

Knowledge management can be termed as all the strategies aimed at identifying , creating and distributing knowledge and information for enhancing the decision making in the organization related to various tasks, ...

Solution Summary

Discusses whether is it possible to pursue both low cost strategy and differentiation strategy at the same time.

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