Description
write a discussion of 250 words about the lecture present in the pfd (Please take a moment to share your thoughts, ideas, comments ?
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Competitive Force
IT Influence on Competitive Force
Threat of New Entrants
Can be lowered if there are barriers to entry.
Sometimes IT can be used to create barriers to
entry
Bargaining Power of
Buyers
easy to switch. Switching
costs are increased by giving buyers things they
value in exchange such as lower costs, effort, or
time; or useful information
Bargaining Power of
Suppliers
Strongest when there are few firms to choose
from, quality of inputs is crucial, or the volume
of purchases is insignificant to the supplier
Threat of Substitute
Products
Industrial Competitors
willingness to substitute &
Rivalry is high when it is expensive to leave an
growth rate is declining,
or products have lost differentiation
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Explanation & Answer
Attached.
Running Head: IMPORTANCE OF IT IN STRATEGIC PLANNING
1
Importance of IT in Strategic Planning
Student’s Name
Institution Affiliation
IMPORTANCE OF IT IN STRATEGIC PLANNING
2
Importance of IT in Strategic Planning
The role of a Chief Algorithm Officer (CAO) helps a business to enter into the world of
big data analytics. Their role also involves creating insights into actions. Information
Technology plays a major role in any organization as it h...
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