MBA 591: Technology for Competitive Advantage Paper

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As requested, I addressed the items above:
- Using Porter's Five Forces Model, analyze the effects technology will have on Baderman Island's competitive advantage.
- Describe how Porter's Three Generic Strategies for a New Market can enhance Baderman Island's income stream.
- Forecast whether there is a first mover advantage for Baderman Island regarding using technology for competitive advantage.

Additionally, I made sure to provide you some information on:
- Intro and conclusion
- Provided 5 references

I would imagine you have some ideas of your own about the technology that Baderman Island would/should introduce for its competitive advantage. I'm sure, like me, you had a blank canvas to start with, so the only limit is your imagination. As you can see from my paper, I went for the wireless intercom system that would allow guests to speak with staff at a moment's notice and staff to communicate to each other as needed.

Technology for Competitive Advantage Paper

Competitive advantage: it can make or break a company. Being able to define one's company as drastically different from the competition often helps the consumer in his/her decision-making process. Fortunately, the advances in technology, in almost every major industry, have led to tools and services that assist companies in creating strategies that can aid in the development of their uniqueness, their competitive advantage. As is examined herein, Baderman Island is in the position to introduce new technology that will focus on the premise of Porters' Five Forces Model, as well as providing the resort with a competitive advantage.

Effects technology will have on Baderman Island's competitive advantage
Competitive advantage is that crucial element that can make or break a company's or organization's existence. If they have nothing to offer the general public, nothing that differentiates them from the competition, the decision for the consumer is easy. Buy from whom I am comfortable with, it is that simple. As computers have made life easier at home and at work, they have also provided countless companies the ability to serve customers quickly and more efficiently, while allowing individual departments such as accounting and shipping and receiving to streamline their processes.

None of this would have been possible without advances in technology. Bar codes, and related scanning equipment, make it possible for cashiers to get customers in and out of the store quickly- without the need to enter manually the price/cost of each individual item. Stores like Walgreen's use telxon scanners to receive equipment from the warehouse and to monitor the store inventory on a daily, weekly or ...