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Information Strategy as Enabler of Competitive Advantage

Information Strategy as Enabler of Competitive Advantage

Neeta Baporikar
Copyright: © 2015 |Pages: 12
ISBN13: 9781466684683|ISBN10: 1466684682|EISBN13: 9781466684690
DOI: 10.4018/978-1-4666-8468-3.ch032
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MLA

Baporikar, Neeta. "Information Strategy as Enabler of Competitive Advantage." Economics: Concepts, Methodologies, Tools, and Applications, edited by Information Resources Management Association, IGI Global, 2015, pp. 599-610. https://doi.org/10.4018/978-1-4666-8468-3.ch032

APA

Baporikar, N. (2015). Information Strategy as Enabler of Competitive Advantage. In I. Management Association (Ed.), Economics: Concepts, Methodologies, Tools, and Applications (pp. 599-610). IGI Global. https://doi.org/10.4018/978-1-4666-8468-3.ch032

Chicago

Baporikar, Neeta. "Information Strategy as Enabler of Competitive Advantage." In Economics: Concepts, Methodologies, Tools, and Applications, edited by Information Resources Management Association, 599-610. Hershey, PA: IGI Global, 2015. https://doi.org/10.4018/978-1-4666-8468-3.ch032

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Abstract

Technology has been continuously improving, causing high business pressures that affect organizations' current and future competitiveness. Gaining competitive advantage is critical for organizations. Among the various resources which organizations deploy to succeed, information is identified as a crucial resource. The success of organizations depends on the decisions made and the excellence of decisions depends upon the quality and reliability of information. If this be so, then information strategies need to be designed and implemented in a comprehensive manner so that the organizations derive competitive advantage. Based on an in-depth literature review and contextual analysis, this paper will review competitive forces and competitive information systems strategies for gaining competitive advantages, explain concepts of value chain, business ecosystems and discuss innovation strategy.

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