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How can computer based information systems help any organisation to achieve a strategic advantage over its competitors?

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Information is power. The best informed have the best position to make the best decisions in a timely manner. Computer based information aids in this respect.

For example, Auto Parts Place "A" has all the parts for all the cars made in the last 20 years, all in boxes ready to sell to a customer. All ya have to do is get the part number and find the isle and row and shelf of the box to get the part and see if it is in stock. Unfortunately, the books with the descriptions and locations take up the entire counter. It takes hours to find the part number, and still more time to locate and ship the part.

Auto Parts Place "B" has the same stock and a computer. The computer finds the parts based on a simple description and returns the answer (locaation, in stock, etc) in moments not hours. Parts are easily found and shipped while the customer at store "A" is still waiting to see if the part can be found.

Posted on Nov 14, 2009

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How has information technology enhanced the efficiency of various business organizations?


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IT-information technology is one of the fastest developing branches of technology. It has become an important part of our every-day lives and doing serious business has become impossible without using IT. The question on everybody's lips is: is it really improving workers' productivity? Basics: IT is the area of managing technology and spans wide variety of areas that include but are not limited to things such as processes, computer software, information systems, computer hardware, programming languages, and data constructs. In short, anything that renders data, information or perceived knowledge in any visual format whatsoever, via any multimedia distribution mechanism, is considered part of the IT domain. IT provides businesses with four sets of core services to help execute the business strategy: business process automation, providing information, connecting with customers, and productivity tools.[1] Productivity is a measure of the efficiency of production. Productivity is a ratio of what is produced to what is required to produce it. Usually this ratio is in the form of an average, expressing the total output divided by the total input. Productivity is a measure of output from a production process, per unit of input.[2] The impact of information technology on work life has been one of the most talked about issues over the recent years. Chief executive officers spending millions of dollars on information technology face the critical issue of assessing the impact of this technology on work. Information system managers are increasingly required to justify technology investment in terms of its impact on the individual and his/her work. Measures of impact of information technology have narrowly focused on productivity impacts. This study uses a broader concept that is based on the impact of technology on the nature of work literature. This literature recognizes the multiple impacts of technology on work at the level of the individual. A review of the literature enabled us to generate thirty-nine items that were grouped into four constructs. In a pilot study, these constructs were assessed by observers in structured interviews with eighty-nine users to provide a criterion measure. Next, the users completed the thirty-nine item questionnaire. The unidimensionality, internal consistency and criterion-related validity of each construct were assessed. The pilot results suggest a four factor 12-item instrument that measures how extensively information technology applications impact task productivity, task innovation, customer satisfaction and management control. In a large scale study, a sample of 409 respondents was gathered to further explore this 12-item instrument and its relationships with other constructs (user involvement, user satisfaction, system usage). The results support the four factor model. Evidence of reliability and construct validity is presented for the hypothesized measurement model and future research is discussed.[3] For over a decade, empirical studies in the information technology (IT) value literature have examined the impact of technology investments on various measures of performance. However, the results of these studies, especially those examining the contribution of IT to productivity, have been mixed. One reason for these mixed empirical findings may be that these studies have not effectively accounted for the impact of technology investments that increase production efficiency and improve product quality on firm productivity. In particular, it is commonly assumed that such investments should lead to gains in both profits and productivity. However, using a closed-form analytical model we challenge this underlying assumption and demonstrate that investments in certain efficiency-enhancing technologies may be expected to decrease the productivity of profit-maximizing firms. More specifically, we demonstrate that investments in technologies that reduce the firm's fixed overhead costs do not affect the firm's product quality and pricing decisions but do increase profits and improve productivity. In addition, we demonstrate that investments in technologies that reduce the variable costs of designing, developing, and manufacturing a product encourage the firm to improve product quality and to charge a higher price. Although this adjustment helps the firm to capture higher profits, we show that it will also increase total production costs and will, under a range of conditions, decrease firm productivity. Finally, we show that the direction of firm productivity following such investments depends upon the relationship between the fixed costs of the firm and the size of the market.[4] 257 studies met the inclusion criteria. Most studies addressed decision support systems or electronic health records. Approximately 25% of the studies were from 4 academic institutions that implemented internally developed systems; only 9 studies evaluated multifunctional, commercially developed systems. Three major benefits on quality were demonstrated: increased adherence to guideline-based care, enhanced surveillance and monitoring, and decreased medication errors. The primary domain of improvement was preventive health. The major efficiency benefit shown was decreased utilization of care. Data on another efficiency measure, time utilization, were mixed. Empirical cost data were limited. Four benchmark institutions have demonstrated the efficacy of health information technologies in improving quality and efficiency. Whether and how other institutions can achieve similar benefits, and at what costs, are unclear.[5] As more information technology (IT) is deployed in organizations, it is important to understand its impact on individual performance and organizational productivity. Most past research has concentrated on identifying determinants of computer acceptance. This may be inadequate in determining the value and return on investment due to IT. Organizations are able to deploy IT more effectively if the consequences of its acceptance are obviously valuable. This study seeks to investigate the implications and consequences of IT acceptance by examining the relationships between IT acceptance and its impact on the individual user. The research model involves three components: user satisfaction, system usage, and individual impact. It is hypothesized that user satisfaction and system usage affect individual impact and that usage partially mediates the effect of satisfaction on individual impact. A comprehensive questionnaire on computer acceptance was used to collect data from 625 employees of a large organization in Singapore. The results suggest that user satisfaction is an important factor affecting system usage and that user satisfaction has the strongest direct effect on individual impact. The results also demonstrate the importance of system usage in mediating the relationship of user satisfaction on individual impact.[6] Based on previous empirical research, there seems to be little relation between investment in information technology (IT) and financial performance (often referred to as the `productivity paradox'). We hypothesize that this is due to the fact that many companies implement IT projects ineffectively. Like any other asset, IT must be utilized effectively to result in increased financial performance. By comparing successful users of IT and less successful users of IT, we show that successful users of IT have superior financial performance relative to less successful users of IT. However, any financial performance advantage is short-lived, possibly due to the ability of competitors to copy IT projects.[7] Technology products are a means to an end, not an end in themselves. When thinking about your IT needs, always begin by thinking about your strategy and business goals. Ask: how can I improve my business? Where can I get the jump on competitors? What are my biggest costs and where would I benefit most from efficiency gains? Remember that IT can be a powerful source of competitive advantage. Do with IT what your competitors can't, and customers will take note. Only once you've decided exactly what it is that your businesses wants to achieve with technology, should you start looking for the solutions themselves.


Information technology and its impact on productivity Australian Science


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Mar 28, 2018 | Homework

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Advantages and Disadvantages of Kaspersky Anti-Virus


<p>Though according to the anti-virus comparatives, kaspersky anti-virus rates highly amongst virus scanners in terms of detection rates, Kaspersky also have some advantages and disadvantages and those are:<br /> <p> <br> <p>Advantages :- The main advantages of Kaspersky Anti-Virus are its exceptional level of virus detection and high-speed scanning, easily distinguishing it from its competitors and garnering victory, offer a high level of virus detection and deletion, allowing each user to choose his/her appropriate anti-virus defence. Some other advantages of using Kaspersky anti-virus program is: the update always up-to-date, it has user friendly interface and good graphical view, proactive defence component is the main advantage of this program made to analyze the behaviour of installed program, to monitor changes in the system registry, tracking macros, and prevent from the hidden threats. Kaspersky not only protect your computer from viruses, but also from the network, like prevent adware, spywares, and prevent viruses spreading from e-mail attachments and so on.<br> <p> <br> <p>Disadvantages: - All programs have their disadvantages along with the positive points, so also the kaspersky. According to some users, installing the antivirus on the system reduces the speed of the system. Further, users of this antivirus say that the firewall compatibility and the anti spam components of this program needs to be improved. Though the antivirus is the best when it comes to virus detection, users say that this antivirus lacks in its ability to block unwanted content from websites and this feature needs to be added to ensure control over sites being accessed from a system.

on Mar 17, 2011 | Computers & Internet

2 Answers

Why would you buy Instagram followers?


I bought followers on Instagram becouse from social media platform I can get many benefits and advantages for my business. Becouse everytime people are active on social.
If I promote my business in a traditional market that time no one will believe becouse in the market there are so many competitors. But in social media platform if there is your competitor you can compete with them.
To compete with them you only need to buy Instagram likes. If the customer will see more likes in your product they believe more on you.
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Feb 07, 2018 | Computers & Internet

1 Answer

Name some best hoarding services provider in Raipur, CG?


I totally agree that hoarding is one of the best media to reach to your target audience.
Ngm , Raipur is one of the best Marketing services provider company in Raipur.
Here is the link:
NGM New Generation Media Company we offer Advertisement Event Management...

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Nov 08, 2016 | Cars & Trucks

1 Answer

Disucss how information technology can help a business gain competitive advantage


Well - advertising on the Internet
Easier organising of everything on the computer
Spreadsheets using Ms Excel.

Mar 20, 2013 | AMAX Information Technologies Computers &...

1 Answer

Price Match for Samsung LN-46A650


Hey NEAG,

If you are looking to obtain a price match through your local Best Buy™ store, there are a few criteria that must be met in order for us to be able to honor a competitor's pricing:

* The sale price must be current - we cannot honor expired pricing.

* The sale price must be offered by a local competitor, in a physical brick-and-mortar store. Please keep in mind that what constitutes a local competitor may vary from store location to store location, but a good rule of thumb is that the competitor must be within the same metro market.

* Web-only pricing (through companies such as Amazon.com or eBay) cannot be honored. Best Buy™ stores are only able to price match Bestbuy.com, and another competitor's online price if it is being honored at their own local store.

* Limited-time only sales, bundle packages and other special offers (such as rebates) cannot be honored.

* Price matches cannot be combined with any other offer, such as the HDTV Advantage.

* The product being sought must be in stock at the local competitor in order for the price match to be honored.

Should you have any other questions, I would strongly suggest referring to the following Best Buy™ website for more information:

http://www.bestbuy.com/site/olspage.jsp?type=page&contentId=1118843518460&id=cat12098

Hope this helps you out.

Sincerely,
Aaron
Go Ahead. Use Us.

Jun 07, 2008 | Televison & Video

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