Exploiting Strategy & Information for Competitive Advantage Essay

Exploiting Strategy & Information for Competitive Advantage - Essay ExampleThe ostiariuss value chain model potful likewise be aligned with training strategies whereby information could be used in the reorganization of activities to achieve lower monetary values and at the same quantify add value to products. Finally we discuss the strategy of thrust by Wiseman which describes defensive and offensive competitory moves which require information to achieve desired strategy.The five force strategy by doorman highlights the 5 major strategies a firm can adopt in order to gain competitive advantages, Porter (1999) highlighted five major factors that models firms in an industry and this include threat of substitutes, buyer power, supplier power, barrier to origination and the degree of rivalry.The first factor in the five force strategy is threat of substitution and jibe to Pearlson (2006) this threat can be minimized by using information whereby products will be separate and als o prices should be improved. A firm will collect information in the market regarding tonic threats and improvise ways in which to meet the consumer needs through product differentiation. Buyer power is also a factor that shapes an industry, according to Pearlson (2006) information could be used in the selection of buyers and also in differentiation of products. Regarding supplier power firms will utilize information in the selection of low cost suppliers and finally the firm will use information to create barriers to entry into an industry.The strength of this strategy is that it support a firm in the identification of areas to apply information strategies. This can easily be employ whereby it describes locations to use information to gain competitive advantage. Pearlson (2006) states that this strategy also helps in the identification of threats over time, this can e applied whereby the firms have access to competitors cost information.There are weak points of this