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Chapter 12 Information Systems in consideration of Strategic Advantage Alex
Arizona Christian University, US has reference to this Academic Journal, Chapter 12 Information Systems in consideration of Strategic Advantage Alexander Hong An Advanced Chapter Focus at this point in the course on the basic competitive concepts in addition to we will revisit the more advanced topics later in the quarter. Pay particular attention so that the contents of the slides that are emphasized in this lecture. Chapter Objectives 1. Understand options in consideration of competitive strategies in addition to be able so that explain how they can be used so that confront competitive forces. 2. Understand how information systems support the major business strategies of a business in addition to be able so that provide examples of how information technology can implement these roles in addition to gain in addition to sustain a competitive advantage. 3. Be able so that provide examples of how information technology can break time, geographic, cost, in addition to structural barriers in business.
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Chapter Objectives 4. Understand the importance of business process reengineering relative so that the strategic use of IT. 5. Understand how total quality management (TQM) differs from business process reengineering in its relationship alongside information technology. 6. Understand how information technology can be used so that help a company be an agile competitor, or so that form a virtual company so that meet strategic business opportunities. 7. Start so that better understand the strategic uses of Internet technologies in business. Other Student Presentations Michael Porter in addition to Porter?s Models – Scarlet Grant Porter Competitive Model – Victoria Santiago Fundamentals of Strategic Advantage Information technology that gives a company certain advantages over a competitor alongside developments in products, services and/or capabilities.
Strategic IS Information Systems can be used so that develop products and/or services in addition to capabilities. Information Systems can be any kind of system that: 1. Helps so that gain a competitive advantage. 2. Reduces a competitor?s advantage 3. Meets other strategic objectives. IT Significance Information Technology can change the way that an organization (business or public sector) competes. As the foundation in consideration of organizational renewal. As a necessary investment that should help achieve in addition to sustain strategic objectives. As an increasingly important communication network. Strategic Advantage James Champy 1996 IT has become a strategic necessity. Believe it, act on it, or become a footnote in history. At least do an objective assessment of the potential of IT both as a company resource in addition to the likelihood of it being used against you by a competitor. Jack Callon 2000
Software Requirements Specification SW Requirements Specification SRS Document (CONT.) SRS Document (CONT.) SRS Document (CONT.) Software Requirements Specification (SRS) Specification Principles What is not included in an SRS ? Benefits of SRS Types of Requirements Functional Requirements Performance Requirements Verifiable External Interface Requirements Design Constraints Design Constraints (contd) Other Requirements SRS Standards SRS Prototype Outline SRS – Introduction Section SRS Prototype Outline Product Perspective Product Functions User Characteristics General Constraints SRS Prototype Outline Functional Requirements Functional Requirements External Interface Requirements Appendices Characteristics of a Good SRS Examples of Bad SRS Documents Examples of Bad SRS Documents Examples of Bad SRS Documents Examples of Bad SRS Documents Complete Verifiable Consistent Modifiable Traceable SRS Review Sample SRS Checklist
Competitive Strategy Concepts Cost Leadership Strategy Differentiation Strategy Innovation Strategy Growth Strategies Alliance Strategies IT role relative so that each of these strategies? Strategic Roles For Information Systems Specific Examples: Lower Costs Differentiate Innovate Promote Growth Develop Alliances Improve Quality in addition to Efficiency Build an IT Platform Other Strategies Breaking Business Barriers Time Barriers Toyota Motor Corp. Geographic Barriers Citibank, Mobil Oil Cost Barriers Hewlett-Packard Co. Structural Barriers Miller Brewing in addition to Reynolds Metals
Strategic Applications Progression of Information Technology within an enterprise. Level 1: Strategic Level 2: Offensive Level 3: Defensive Level 4: Cost-Justified Level 5: Controlled Chapter Value IT in addition to IS can in addition to often will be necessary so that maintain a competitive edge in the business world. Among the applications of these information technologies are improving business quality, creating a virtual company, in addition to building knowledge-creating systems. Possible Exam Questions Identify several basic competitive strategies in addition to explain how they can be used so that confront the competitive forces faced by a business. Give examples of how information technology can break time, geographic, cost in addition to structural barriers in business.
Using the Internet Strategically Global Market Penetration Product in addition to Service Transformation Cost in addition to Efficiency Improvements Performance Improvement in Business Effectiveness External Drivers Customer connectivity / competition / technology collaboration / information in addition to applications requirements / cost containment Internal Drivers LOW HIGH HIGH Michael E. Porter Mr. Competition in addition to The Father of Multiple Models (Frequently used in MBA in addition to undergraduate business courses) By Scarlet Grant Michael E. Porter – The Man C. Roland Christensen Professor of Business Administration at the Harvard Graduate Business School Has created workshops in consideration of newly appointed chief executive officers of billion dollar corporations. World wide speaker on competitive strategy in addition to international competitiveness. Author of 16 books in addition to over 60 articles on competitiveness. Has served as a consultant on competitive strategy so that many leading U.S. in addition to international companies. Serves as an advisor so that governments both local in addition to national.
Awareness of competitive forces can help a company stake out a position in its industry that is less vulnerable so that attack. Michael E. Porter A nation?s competitiveness depends on the capacity of its industry so that innovate in addition to upgrade. Michael E. Porter Some Notable Quotes His three models are: 1. The Porter Competitive Model 2. The Value Chain 3. The Diamond of National Advantage ** ** will not be used in this course The Point Being . . . Porter has focused on the factors that are critical in consideration of a company so that compete within a specific industry through the use of the Competitive Model in addition to Value Chain. He also led a study that produced the Diamond of National Advantage that focuses on the role of the nation as the home base in consideration of companies that have become dominant in a specific industry on a global basis.
Firm Strategy, Structure in addition to Rivalry Factor Conditions Demand Conditions Related in addition to Supporting Industries Government Chance Diamond of National Advantage Value Chain INBOUND LOGISTICS OPERATIONS OUTBOUND LOGISTICS MARKETING AND SALES SERVICE PRIMARY ACTIVITIES PROCUREMENT TECHNOLOGY DEVELOPMENT HUMAN RESOURCE MANAGEMENT FIRM INFRASTRUCTURE SUPPORT ACTIVITIES Value Chain While the Competitive Model deals alongside the environment within which a company competes, the Value Chain addresses the flow of a product through the organization. It starts alongside the original idea in research in addition to tracks its progress all the way so that the customers.
Competitive Model What is driving competition in my current or future industry? What are my current or future competitors likely so that do in addition to how will we respond? How can we best posture ourselves so that achieve in addition to sustain a competitive advantage? Use of Porter?s Competitive Model Breaks an industry into logical parts, analyzes them in addition to puts them back together. (just like an engineer would do) Avoids viewing the industry too narrowly. Provides understanding of the structure of an industry?s business environment in addition to of competitive threats within in addition to among industries. Possible Quiz Questions 1. What is the objective in using the Porter Competitive Model? 2. Why do some people conclude that the Porter Competitive Model is no longer a valid tool?
Porter Competitive Model Was not developed as an Information Systems tool. Was developed in consideration of use by people that run businesses in addition to in consideration of those that deal alongside developing strategic plans in consideration of businesses. Can Information Systems: 1. Build barriers so that prevent a company from entering an industry? 2. Build in costs that would make it difficult in consideration of a customer so that switch so that another supplier? 3. Change the basis in consideration of competition within the industry? 4. Change the balance of power in the relationship that a company has alongside customers or suppliers? 5. Provide the basis in consideration of new products in addition to services, new markets or other new business opportunities Porter Competitive Model By Victoria Santiago
Agile Competition The Fundamental Strategies of Agile Competition Enrich Customers alongside Solutions so that Their Problems Organize so that Master Change in addition to Uncertainty Leverage the Impact of People in addition to Information Cooperate so that Enhance Competitiveness Key Factors in consideration of Sustaining Strategic Success Firm Environment Performance Foundation Factors (Infrastructure) Management Actions & Strategies (Leadership) Key Terms Agile Competitor Breaking Business Barriers Cost Barriers Geographic Barriers Structural Barriers Time Barriers Building a Strategic IT Platform Business Process Reengineering Competitive Forces Competitive Strategies Creating Switching Costs Developing a Strategic Information Base Improving Business Operations Interorganizational Information Systems Knowledge-Creating Company Knowledge-Management System Leveraging Investment in IT Locking in Customers in addition to Suppliers New Economics of Information Promoting Business Innovation Raising Barriers so that Entry Strategic Business Use of the Internet Strategic Information Systems Strategic Roles of Information Systems Sustaining Competitive Advantage Total Quality Management Value Chain Virtual Company
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This Particular Journal got reviewed and rated by Competitive Model What is driving competition in my current or future industry? What are my current or future competitors likely so that do in addition to how will we respond? How can we best posture ourselves so that achieve in addition to sustain a competitive advantage? Use of Porter?s Competitive Model Breaks an industry into logical parts, analyzes them in addition to puts them back together. (just like an engineer would do) Avoids viewing the industry too narrowly. Provides understanding of the structure of an industry?s business environment in addition to of competitive threats within in addition to among industries. Possible Quiz Questions 1. What is the objective in using the Porter Competitive Model? 2. Why do some people conclude that the Porter Competitive Model is no longer a valid tool? and short form of this particular Institution is US and gave this Journal an Excellent Rating.