In: Economics
Criticize this discussion base on this information :
Explain how information systems influence businesses to be more competitive, efficient, and profitable.
Provide at least one example for each factor.
Discussion :
Information systems influence businesses to be more competitive, efficient and profitable in many of ways. Most companies throughout the world utilize information systems for their day to day operations. The introduction part in small business could sometimes be a little easier but at the same time these business could face different constraints and opportunities. A few approaches that will be analyzed when incorporating information systems in small businesses according to (Doukidis, Smithson, & Lybereas, 1994) will have previous computer experience, factors in influencing decisions to adopt IT, have advice, involvement in Information Systems development, training etc.
Effective executions of an IT system should be lithe for the needs of an organization while providing plenty of room for expansion and development over a period of time. If organizations cautiously support their IT systems along with the resources to their organizations strategies then they will be able to present an extremely aggressive advantage that can be effective and very efficient information for the company (Argosy Bookshelf, 2018).
It systems becomes very competitive when it is available, ready for action and has high security backing it. High security protects the information from leaving an organization and getting in the hands of other competitors that are in the same market. All companies have something unique about each of them and having a IT System that is different from the others is one of them. An IT system that is not available for those who use it most will not be a good thing for a company who is trying to grow to become better than the next company. According to our text (Laudon & Laudon, n.d.)anyone using the internet technology is both a necessity in the business market as well as a competitive advantage
Doukidis, G. I., Smithson, S., & Lybereas, T. (1994). Trends in information technology in small businesses. Journal of End User Computing, 6(4), 15.
Laudon, K., & Laudon, J. (n.d.). Information systems in global business today.
Answer : Information system plays an important role for the business to achived comparative advantage, efficiency and profitability such as :