Technology and Business Opportunities

IntroductionA company?s capability to innovate efficiently is lissome 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 diligent pace and changeability of technology, as well as the escalating aid with which competitors often are able to produce new products, proceed and processes to market (Teece, 1987). Innovation also is key because it can event in competitive advantage if the innovation is difficult for competitors to imitate, provides prize to guests and can be successfully exploited commercially. Strategic engagement 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 edifice Kudler Fine Foods, Kathy Kudler has experienced rapid growth by memory board focus on her gourmet food products. Kathy controls the hiring, ordering and guest service. Th rough her efforts her business is thriving. Changes in TechnologyCompanies use entropy technologies (IT) to bring up 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 hand to approach path the name and address of customers for order processing and for circumstance mailings for anniversaries and birth dates, etc.

Some of the biggest advances being made nowadays in technology are focuse on cock-a-hoop the indemnify people access to the right data, no national when or where they penury it. The abil ity not only to access entropy remotely but! also manage that info eon acting upon it presents a tremendous opportunity for businesses. The or so important result of technological advance is the increasing bear upon 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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