How do Porter's competitive forces model, the value chain model, synergies, core competencies, and network-based strategies help companies use information systems for competitive advantage?
a. Define Porter's competitive forces model and explain how it works.
b. List and describe four competitive strategies enabled by information systems that firms can pursue.
c. Describe how information systems can support each of these competitive strategies and give examples.
d. Explain why aligning IT with business objectives is essential for strategic use of systems.
e. Define and describe the value chain model.
f. Explain how the value chain model can be used to identify opportunities for information systems.
g. Define the value web and show how it is related to the value chain.
h. Describe how the Internet has changed competitive forces and competitive advantage.
i. Explain how information systems promote synergies and core competencies that enhance competitive advantage.
j. Explain how businesses benefit by using network economics.
k. Define and describe a virtual company and the benefits of pursuing a virtual company strategy.
l. Explain how disruptive technologies create strategic opportunities.