Friday, May 10, 2013

STRATEGIC OPPORTUNITY AND ADVANTAGE


STRATEGIC OPPORTUNITY AND ADVANTAGE


If you want to take advantage of new opportunities in markets, develop new products, and create new services, chances are quite high you will need to make substantial investments in IT to realize these new business opportunities. If you want to achieve a strategic advantage over your rivals, to differentiate yourself from your competitors, IT is one avenue for achieving such advantages along with changes in business practices and management. We talk more about IT contributions to competitive strategy in Chapter 3. These advantages might not last forever, but then again most strategic advantages throughout history are short-lived. However, a string of short-lived competitive advantages is a foundation for long-term advantages in business, just as is true of any athletic sport or race.

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