Strategic Initiatives for Implementing Competitive Advantages

STRATEGIC INITIATIVES

Organizations can undertake high-profile strategic initiatives including :

     

1) SUPPLY CHAIN MANAGEMENT (SCM)

• Involves the management of information flows between and among stages in a supply chain to maximize total supply chain effectiveness and profitability.
• Four basis components of supply chain management include :

         

• Effective and efficient SCM systems effect on Porter's Five Forces.

2) CUSTOMER RELATIONSHIP MANAGEMENT (CRM)

• Involves managing all aspects of a customer relationship with an organization to increase customer loyalty and retention and an organization profitability.
• CRM is not just technology but a strategy,process and business goal that an organization must embrace on an enterprise wide level.
• CRM can enable an organization to : 
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3) BUSINESS PROCESS REENGINEERING  (BPR)

• Business Process is a standardized set of activities that accomplish a specific task.
• For example processing a customers order.
• BPR is the analysis and redesign of workflow within and between enterprises
• The purpise of BPR is to make all business processes best in class.

4) ENTERPRISE RESOURCE PLANNING (ERP)

• EPR os integrates all department and function throughout an organization into a single IT system so that employees can make decision.
• ERP is "enterprise"
• ERP systems collect data from across an organization and correlates the data generating an enterprise wide view.
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CHAPTER 2 : IDENTIFY COMPETITIVE ADVANTAGE

Now  I will be continue with chapter 2 is about :

Competitive Advantage are divide into 3 advantage :

• A product or service that an organization's customers place a greater value on than similar offerings from a competitor.

The Five Forces Model :

• Michael Porter's Five Forces Model is useful to aid organization in challenging decision whether to join a new industry or industry segment.

   

1. BUYER POWER : The power of customers to drive down prices.
2. SUPPLIER POWER : The power of suppliers to derive up prices of material. Refer figure 1.1
3. THREAT OF SUBSTITUTE PRODUCTS AND SERVICES : The power of customers  to purchase alternatives.
4. THREAT of  NEW ENTRANTS :  The power of competitors to enter a market.

Figure 1.1

THE THREE GENERICS STRATEGIES :

• COST LEADERSHIP : Low cost product in the industry.
• DIFFERENTIATION : The product on one or more features important to their customers.
• FOCUSED STRATEGY : Target to a niche market.

THE VALUE CHAINS (PROCESS) :

• Supply Chain - a chain or series of processes that adds value to product and services for customer. 
• add value to its product and services that supports a profit margin for the firm.

•  A chain or series of processes that adds value to product & service customer.
  

Assalammualaikum....

and welcome to you to :

"The section where basically I will share or comment about the chapters that I have learn in Information Technology (IT) class. This section is also part of the IT assignment where each one of us must share, insight or comment about what we have learn each week"

Chapter1 = BUSINESS DRIVEN TECHNOLOGY

What is Information Technology (IT) Role in business...

• Information Technology (IT) is everywhere in business.
• Understanding information technology provides great insight to anyone learning about business.

Information Technology impact on Business Operations

Information Technology Basics..

• A field concerned with the use of technology in managing and processing information.
• Information Technology is an important enabler of business success and innovation.

What is Management Information systems (MIS)..

• General name for the business function and academic discipline covering the application of people , technology and procedures to solve business problems.
• MIS is a business function, similar to Accounting , Finance , Operations and Human Resources.

Information...

1. DATA : Raw facts that describe the characteristic of an event.
2. INFORMATION : Data converted into a meaningful and useful context.
3. BUSINESS INTELLIGENCE : Applications and technologies that are used to supports decision making.

IT RESOURCES...

IT CULTURES...

Organization information cultures include :

ü        Information- functional Culture..

ü Information- sharing culture..

ü  Information- inquiring culture..

ü  Information- discovery culture..