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Advancing the Concepts & Practices of Information Resources Management in Modern Organizations

Competitive Advantage

Competitive Advantage
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Copyright: 2015
Pages: 16
Source title: Strategic Utilization of Information Systems in Small Business
Source Author(s)/Editor(s): M. Gordon Hunter (The University of Lethbridge, Canada)
DOI: 10.4018/978-1-4666-8708-0.ch008

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Abstract

If a small business is going to survive it must be competitive. Internally, efficient operations will contribute to lower costs. A positive environment will allow employees to gain and apply the necessary skills. Management knowledge of information systems will provide leadership. Externally, the establishment of knowledge acquisition networks will facilitate the novel use of information systems. This chapter discusses how a strategy which integrates all of the small business resources, especially those related to information systems, will improve performance. An overall customer orientation applying internal resources and accessing external knowledge will contribute to competitive advantage.

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