Role of Information Systems in Business Today: Globalization Challenges and Opportunities
Role of Information Systems in Business Today: Globalization Challenges and Opportunities
Systems for
linking the enterprise
systems for collaboration
and team work
Using information motivation, as well as instantly (such as on
systems to achieve disadvantages, such the Internet).
competitive advantage as less expertise and
little brand 5. Suppliers: The more
recognition. Some different suppliers a
industries have lower firm has, the greater
barriers to entry, ie: control it can exercise
cost less for a new over suppliers in
company to enter the terms of price,
field. quality, and delivery
schedules.
3. Substitute products
Firms with a competitive and services: These Business value
advantage over others are substitutes that
your customers might
chain model
typically have access to
special resources that use if your prices
others do not or are able become too high. For
to use resources more example, Internet
efficiently, resulting in telephone service can
higher revenue growth, substitute for
profitability, or traditional telephone
productivity growth service. The more
(efficiency), all of which substitute products
ultimately in the long run and services in your
translate into higher industry, the less you
stock market valuations can control pricing
than their competitors. and raise your profit
Porter's competitive forces margins.
Value chain. A value chain is
model describes five a set of activities that a firm
competitive forces that 4. Customers: The operating in a
power of customers specific industry performs in
shape the fate of the
order to deliver a valuable
firm. grows if they can
product or service for the
easily switch to a market. ... The concept
1. Traditional competitor's products of value chains as decision
and services, or if support tools, was added onto
competitors: Existin the competitive strategies
g firms that share a they can force a paradigm developed by Porter
firm's market space business and its as early as 1979.
competitors to
2. New market compete on price
entrants: New alone in a transparent
companies have marketplace where
certain advantages, there is little product
such as not being differentiation and all
locked into old prices are known
equipment and high
Unit 4: Information components in any activities of the
Technology discussion of IT computer and act as
Infrastructure infrastructure truly fits the an interface for the
cliché that the whole is user.
greater than the sum of its
IT infrastructure parts. 3. Enterprise and
Strategic Information
System (SIS)
A Strategic Information
System (SIS) is a system that
helps companies change or
otherwise alter their
business strategy and/or
structure. It is typically utilized
to streamline and quicken the
reaction time to environmental
changes and aid it in achieving a
competitive advantage.
Strategic Information Systems
Planning (SISP) is an important
activity for helping organization
to identify strategic applications
and to align an organization’s
strategy with effective
information systems to achieve
organization’s objectives. Today,
improved strategic information
systems planning is the most
critical issue facing information
systems. Strategic information
systems planning plays a major
role that makes huge
contributions to businesses and
other organizations. In this
paper, an overview of Strategic
Information Systems Planning
including its importance, stages,
and success are presented.
Information systems have
assumed an increasingly
strategic role in organizations. It