Discusion board Assignment Example | Topics and Well Written Essays - 500 words

Discusion board - Assignment ExampleThe applications also enable oversight identify and correct any unforeseen challenges that may arise. Business processes are sources of competitive advantage. Business processes call for to be unique and strategic to offer a competitive advantage. For instance, a blood with processes focused on the creation of innovative products and services or those that portray a high sensitivity to customer queries and concerns move to create a competitive advantage over their rivals.2-How does Porters five forces see industry contender and system? What are the implications? Do you agree with these five forces? Is there any other force that affects competition and system? What is the role of MIS in this framework? fellow feeling ones business, specifically the strengths and weaknesses, is actually important in facing rival competition. This is the basis in Porters five forces that shape industry competition and strategy. According to Porter, these five are supplier power, buyer power, competitive rivalry, flagellum of substitution and threat of invigorated entry. The five are centered in understanding the power that lies in a business and very useful in the analysis of the current positioning of a business, from a competitive point of view. Understanding this power, according to Porter, enables one to gain an advantage position by capitalizing on the strengths and improving weaknesses. For instance, in threat of new entry, the knowledge that competitors can easily penetrate the market and bring competition enables a business create barriers strong enough to keep off competitors thus maintain a competitive position. These forces shape the markets and industries businesses operate in. For instance, in competitive rivalry, having very few or no competitors at all offers a business competitive advantage in the industry it operates in. I agree with these five