StudentShare solutions
Triangle menu

What an IT do for business - Research Paper Example

Nobody downloaded yet

Extract of sample
What an IT do for business

Information technology is developing at a very great speed, particularly in the business world. Many firms are using the internet for various functions to enhance their production efficiency and augment their marketing strategies. However, key among these is the use of technology to increase the competitive advantage of firms. This paper analyzes how a company/business can use information technology to increase its competitive advantage. Introduction Internet has changed the structure of global markets and made it possible to hook up to other systems, people, and companies, without the restrictions of time and space. The dispersion of such a system is purposefully significant for economic development of every country. With the development and progression of the information and communication technology (ICT), competitive advantage plays a vital role in contemporary companies and businesses (Cicak, 2010). Information network comprises diverse types of software platforms and databases, which the companies use to increase effectiveness and augment their competitive advantage. These include venture-wide networks devised to administer all principal functions of the company provided for instance SAP, PeopleSoft, and JD Edwards among others. They also include more general-purpose database creations aimed at specific uses for instance the products provided by Oracle, Microsoft, and many others (Dewett & Jones, 2000). Ways in which information technology helps in generating competitive advantage The fundamental means for understanding the impact of information technology on companies is the value chain. This is the set of procedures harmonized to produce a certain product or service and offering it to the consumers. In almost all industries and companies, information networks carry out several separate but interrelated activities that affect the procedures like production, fabricating, advertising, selling or delivering products to customers. Modern industry is endeavoring to reinforce relationships with clients, generate new revenue opportunities as well as lessen supply chain inadequacy. The directness of Internet networks ensures ultimate compatibility with other technologies and the volatility of internet-based information systems (Cicak, 2010). Because of advancements in information technology, buyers have easier access to information concerning products and providers, therefore boosting their bargaining power. In addition, internet networks tend to lessen variable costs and to generate considerably greater pressure for firms to engage in vicious price competition. Although internet affects the operational efficiency and strategic positioning in various ways, it also offers new opportunities for reinforcing or realizing strategic positioning (Cicak, 2010). Information efficiencies (INE) are the savings on cost and time that effect when Information Technology permits individual workers to carry out their present tasks at a higher stage, take on extra tasks, and enlarge their positions in the company because of progresses in the capability to collect and evaluate data. On the other hand, information synergies (INS) are the routine gains that outcome when Information Technology permits two or more persons or subunits to merge their resources, cooperate, and collaborate across function or subunit limitations (Dewett & Jones, 2000). Another way in which network technology helps to create competitive advantage is through differentiation. Information technology helps a company to differentiate itself through various aspects. These include pricing, product improvement, and shorter-time to market as well as customer service. Furthermore, information network can help a company offer customised products and services, therefore improving differentiation and competitive advantage. Supported by the Internet’s interactivity aspect, for instance registration form and E-mail, a company can easily gather customer information including ...Show more


Information technology is developing at a very great speed, particularly in the business world. Many firms are using the internet for various functions to enhance their production efficiency and augment their marketing strategies. …
Author : evalyn66
What an IT do for business essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the research paper on your topic
"What an IT do for business"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

Business ethics
Moreover, the study will explore the relationship between business ethics and profitability of the business. Introduction Business ethics can be defined as the morality that results from a person’s own moral standards in the context of the environment in which the business operates.
4 pages (1000 words) Research Paper
The financial goals of the company are increase the cash flow and invest in the growth of the company and expand the investments for better shareholder value.” Products offered: We sell Scale model cars, radio control cars and other varieties of car toys.
7 pages (1750 words) Essay
Business - Multinational Business
The company’s headquarters are in Atlanta, Georgia. It was established in 1978 and over the years, the company has grown into an international company. Through the application of its favorable business model, Home Depot has become the largest home improvement retail store in America, in terms of sales revenue (Roush 23).
5 pages (1250 words) Research Paper
Tesco Company has a direct competition from the companies including Wal-Mart, Sainsbury’s, and Carrefour. The analysis of the five year performance of Tesco depicts that the company has been yielding enormous profits over these last five years. The data further illustrates that the company achieved high profitability during 2010-2011 as a significant positive change has been observed in its profit margin in that period; whereas, during 2011-2012 the operational performance has declined to a great extent.
4 pages (1000 words) Research Paper
As the report declares the era of globalization has opened up a new chapter in the history of business organizations. The absence of trade restrictions has led to business organizations expanding their footprints beyond geographical and political boundaries to reach out to new market with considerable potential. 
7 pages (1750 words) Research Paper
Moreover, the prevailing conditions will always play a role in the formulation of these policies. The same approach is applicable when dealing with issues of child employment. This will definitely vary
2 pages (500 words) Research Paper
Business environment
The author analyzes factors that affect the business environment of which the business has some degree of control. This means that the business through its management can be able to alter these factors. They include customers, employees, suppliers and many more. These factors affect the business environment.
3 pages (750 words) Research Paper
Such problem is reflected in the business activity as employees usually do not understand the importance of literacy. The link between orality and literacy became the issue
4 pages (1000 words) Research Paper
However, the extraction of such fuels result in a number of environmental problems globally, which must be addressed. This include
1 pages (250 words) Research Paper
Business integration
ding to Halwagi, the end to end processes are responsible for leveraging basic data objects that have been highlighted in the framework of information exchanges which support the linkage between the daily transactions of the organization and assists in forming the complete
3 pages (750 words) Research Paper
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
Comments (0)
Rate this paper:
Thank you! Your comment has been sent and will be posted after moderation