Technology play an important role nowaday. It can introduce news ways for business to compete with each other. They can compete by
- creating new products
- establishing new enterprises
- developing new customer and supplier relationships
NEW PRODUCTS
Products created are often better quality and operate faster. Somemore they are cheaper if compare to others. New products can be individually tailored to a particular customer's need.
NEW ENTERPRISES
New businesses can be builded by technology. There are two examples which are Internet service providers and Web site development companies. Now, there are thousands of national and local internet service providers available. Thousands of small companies specializing in developing web sites have sprung up too!!
NEW CUSTOMER AND SUPPLIER RELATIONSHIPS
Business that make the information system easily available make customer less likely to take their business anywhere.
citation: Timothy J.O'Leary , Linda I.O'Leary, 2011, Computing Essentials Complete 2011, Your Future and Information Technology, (pg434-443)
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