How do Porter’s competitive forces model, the
value chain model, synergies, core competencies, and network economics help companies
develop competitive strategies using information systems?
• Define Porter’s competitive forces model
and explain how it works.
• Describe what the competitive forces model
explains about competitive advantage.
• List and describe four competitive strategies
enabled by information systems that firms
can pursue.
• Describe how information systems can support each of these competitive strategies
and give examples.
• Explain why aligning IT with business objectives is essential for strategic use of
systems.
• Define and describe the value chain model.
• Explain how the value chain model can be
used to identify opportunities for information systems.
• Define the value web and show how it is
related to the value chain.
• Explain how the value web helps businesses
identify opportunities for strategic information systems.
• Describe how the Internet has changed
competitive forces and competitive
advantage.
• Explain how information systems promote
synergies and core competencies.
• Describe how promoting synergies and core
competencies enhances competitive
advantage.
• Explain how businesses benefit by using
network economics and ecosystems.
• Define and describe a virtual company and
the benefits of pursuing a virtual company
strategy.
• Define and describe business ecosystems
and platforms.