Telecommunications can provide firm competitive advantage in many different ways the first and probably most obvious way that telecommunications provide the competitive advantage is through the amount of time saved by an organization. Due to the rapid development in information and communication technology (ict) and their effect in economic and industrial development, organizations are nowadays using knowledge as a strategic resource to achieve their goals and objectives, and as a primary driver for sustaining an organization's competitive advantage. Internet technology simplifies the process of starting a business, for sure, we need a tool to measure competitive advantage online, for websites, we have tools like alexacom and competecom, these two can give relative data on your position online, also salesforcecom can help when it comes to social media management. The use of information technology when using it (specially those related to computing, communications and robotics) can give the organization a competitive advantage over its rivals (porter and millar, 1985 brynjolfsson, hitt and yang, 2000 mcafee, 2001, blinder, 2001. For a while, at&t had a big competitive advantage in that it was the only one to offer the apple iphones, but they lost that competitive advantage as iphones started to be offered on other carriers if it is a telecom that has a monopoly or semi-monopoly, one of the competitive advantages is that.
Competitive advantage has a lot to do with leveraging the knowledge assets of the firm, while at the same time determining how competitors are likely to leverage theirs the goals of this explanation are many. Competitive advantage in the ict (information, communication and technology) field financial innovation affects positively the performance of telecommunications companies to a great extent hence they are considered often important for developing services in the telecommunication. Information technology enables a firm to build a strategic it platform that allows it to take advantage of strategic opportunities typically, this means acquiring hardware and software, developing telecommunications networks, hiring information system specialists, and training end users. Technology and competitive advantage michael e porter technological innovations can have important strategic implications for individual companies and can greatly influence industries as a whole.
Similarly, while the competitive advantage of differentiation can be achieved by developing unique new products based on technology leadership, differentiation advantage can also be achieved by changing the design or package of products without applying advanced technology. A competitive advantage is what makes an entity's goods or services superior to all of a customer's other choices the term is commonly used for businesses the strategies work for any organization, country, or individual in a competitive environment to create a competitive advantage, you've got. (1985) argues that firms create competitive advantage by conceiving new ways to deliver superior value to customers innovation is a key source of competitive advantage and can occur at any stage of the value chain. 1) competitive advantage is at the heart of a firms performanc - aims at creating product or service that is somehow unique ( - aims at making the firm the lowest cost produces of the indu.
Michael porter's five forces for competitor analysis michael porter's five forces is a model used to explore the environment in which a product or company operates to generate competitive advantage. Will effectively determine the firm‟s position in technology market functional integration offers it the opportunity to provide competitive advantage to the firm (luftman, 1993. Introduction of new technology in telecommunications services sector is always welcome by the customers since telecommunication has become the dire need of the hour hence new technology causes customer expansion and high profit margins. Management of information technology for competitive advantage: a savvy case study management of ict can create competitive advantage for a firm in other words, this. The more sustainable the competitive advantage, the more difficult it is for competitors to neutralize the advantage the two main types of competitive advantages are comparative advantage and differential advantage comparative advantage a firm's ability to produce a good or service more efficiently than its competitors, which leads to greater profit margins, creates a comparative advantage.
When technology can be matched so quickly, it is rarely a source of competitive advantage and this phenomenon isn't limited to the web tech giant emc saw its stock price appreciate more than any other firm during the decade of the 1990s. Technology can and is a catalyst for cutting costs, but it is time to stop looking at technology as merely an operational expense and see it as a competitive advantage. Considers the impact of defensive marketing on a firm's competitive ability in the marketplace examines telecommunications as an important means through which many companies are creating several competitive advantages for themselves through a defensive marketing strategy. 159 daniel ofori et al:innovation and knowledge sharing: a new competitive advantage in the mobile telecommunication industry in ghana loss when an employee leaves the company [17.
Companies that have multiple and sustainable competitive advantages can offer great returns to shareholders this includes holding onto to a competitive idea or an advantage over a long time and. Competitive advantage decays as painful and challenging as it can be for a business to build a competitive advantage — that advantage is often fleeting external change such as competition, markets, business models, environment, customer preferences and technology deprecate your competitive advantage with time. E-business strategies for competitive advantage this section considers the impact of the internet on marketing mix and competitive forces, and suggests strategies for achieving a competitive advantage.