Technology and Business Opportunities

IntroductionA company?s capability to innovate efficiently is nice to its ability to realize strategic combat. As noted by numerous researchers (e.g., Butler, 1988; Miller, 1989), the need for innovation is vital for all firms because of the spry pace and changeability of technology, as well as the escalating step on it with which competitors often are able to produce new products, race and processes to market (Teece, 1987). Innovation also is key because it can round in competitive advantage if the innovation is difficult for competitors to imitate, provides appraise to guests and can be successfully exploited commercially. Strategic combat can be attained only when the firm?s selected structure is congruent with its formulated strategy? (Gomez-Mejia et al., Chapter 7, pg 28). While twist Kudler Fine Foods, Kathy Kudler has experienced rapid growth by retentiveness focus on her gourmet food products. Kathy controls the hiring, ordering and client service. Throug h her efforts her business is thriving. Changes in TechnologyCompanies use entropy technologies (IT) to arouse operations and improve customer service. Technology has allowed Kudler to collect demographic data for each of its customers. The data in this database table is give way to chafe the name and address of customers for order processing and for accompaniment mailings for anniversaries and birth dates, etc.

Some of the biggest advances being made directly in technology are focuse on giving the indemnify people access to the right data, no offspring when or where they require it. The ability not only to access entropy remo tely but also manage that knowledge eon ac! ting upon it presents a tremendous opportunity for businesses. The close to important result of technological advance is the increasing concern of information technology, resulting in the growing importance of service and relationships in a business. Strategic Information Systems are frequently used to put up a company?s competitive... If you want to get a full essay, order it on our website: BestEssayCheap.com

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