Experiencing MIS
8th Edition
ISBN: 9780134792736
Author: KROENKE
Publisher: PEARSON
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Expert Solution & Answer
Chapter 3, Problem 6ARQ
Explanation of Solution
Eight principles of competitive advantage:
Eight principles of competitive advantage have been categorized into product implementations and process implementations.
Applications:
Product Implementations:
- Create new products or services
- To offer new products or services to the customer this is better than the competitor’s product.
- Enhancing products or services
- Improving the currently offering products by implementing the upcoming ideas.
- Differentiating products or services
- Making the products stand in the market by implementing upcoming ideas.
Process Implementations:
- Lock in customers and buyers
- Holding the customers and buyers to buy their products by providing good customer service and fulfilling the wishes and needs of the customer
- Lock in suppliers
- Holding the suppliers on their side makes them always available and ready to help.
- Raising the barriers to market entry
- Making some barriers, this will create a difficulty in startup business.
- Establishing alliances
- Making tie up other business partners will help them succeed in their business.
- Cost reduction
- Reducing the rate of the product will make them offer products or service at a cheaper rate.
Examples:
Product Implementations:
- Create new products or services
- The bookstore can achieve this strategy by tracking the books, which are offered to the student by using the
information system ...
- The bookstore can achieve this strategy by tracking the books, which are offered to the student by using the
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Chapter 3 Solutions
Experiencing MIS
Ch. 3.6 - Prob. 1SWCh. 3.6 - Prob. 2SWCh. 3.6 - Prob. 3SWCh. 3.6 - Prob. 4SWCh. 3 - Prob. 1EGDQCh. 3 - Prob. 2EGDQCh. 3 - Prob. 3EGDQCh. 3 - Prob. 4EGDQCh. 3 - Prob. 1ARQCh. 3 - Prob. 2ARQ
Ch. 3 - Prob. 3ARQCh. 3 - Prob. 4ARQCh. 3 - Prob. 5ARQCh. 3 - Prob. 6ARQCh. 3 - Prob. 1UYKCh. 3 - Prob. 2UYKCh. 3 - Prob. 3UYKCh. 3 - Prob. 4CECh. 3 - Prob. 5CECh. 3 - Prob. 6CECh. 3 - Prob. 7CECh. 3 - Prob. 8CSCh. 3 - Prob. 9CSCh. 3 - Prob. 10CSCh. 3 - Prob. 11CSCh. 3 - Prob. 12CSCh. 3 - Prob. 13CSCh. 3 - Prob. 14CSCh. 3 - Prob. 15CSCh. 3 - Prob. 16CSCh. 3 - Prob. 17MLMCh. 3 - Prob. 18MLM
Knowledge Booster
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