Is IT a competitive advantage or a utility? Explain

Expert Solution

IT is a competitive advantage.

Information technology are no longer limited to low-level employees and middle-level management authorities. They are mostly utilized by executives who try to understand changing business situation, anticipating problems and at the end increasing the competitive edge over others due to better understanding regarding the whole picture of the enterprise.

IT tend to become more strategic as capabilities of computers and software grow enormously and the ability to find and utilizing this competitive edge is as important as having better patent portfolio and better technology.

In some sense IT is becoming part of the technology which indicates that an element of company's competitive edge may also come from introduction of better Information technologies or from adoption of more modern, most efficient technologies faster than those of the competitor.

If you liked the answer, please Up Vote. Thank you!

keosha answered 1 year ago

Provide an example of Competitive Advantage and of Comparative Advantage. Explain the difference between them

Explain Porter’s diamond of national competitive advantage and the theory of absolute advantage. Which one do...

Explain Porter’s diamond of national competitive advantage and the theory of absolute advantage. Which one do you think is more useful for managers and why?

What is Oman’s comparative advantage (or competitive advantage) in comparison to other countries? Please explain about...

What is Oman’s comparative advantage (or competitive advantage) in comparison to other countries? Please explain about 3 or more (Oman's Women participation with government, Oman infrastrucure, Omani Products) Note : Type the answer, no need to write in paper+ no copy from any website

What is a sustainable competitive advantage? Describe the key outputs of a sustainable competitive advantage framework

Explain how good governance are closely linked to sustained competitive advantage

explain why the concept of competitive advantage is central to the study of strategic management

How sustainable was Yahoo’s competitive advantage? What would you do to attain sustainable competitive advantage?

Explain four (4) ways to develop a long term sustainable competitive advantage.

1)Explain the concept of competitive advantage and value proposition and how they relate to the overall...

1)Explain the concept of competitive advantage and value proposition and how they relate to the overall business management. 2)Explain environment scanning and the PESTEL checklist for a company’s general environment. 3)Explain the impact of Porter’s “five forces” on industry profits.

Explain the competitive advantage and economies of scale when it comes to international trade with case...

Explain the competitive advantage and economies of scale when it comes to international trade with case studies. Why economies of scale is more important over comparative advantage when it comes to international trade? 300 words.

Question