Competitive advantage ?

Hello boys and girls, yeah, we meet again.So, let's talk about competitive advantage, well, as you can see the title itself have a question mark, let's find out what competitive advantage really is, here we go.
What is competitive advantage ?
a competitive advantage is when a product or service that an organization's customer place a greater value on than similar offerings from a competitor.
then what is first mover advantage ?
first mover advantage occurs when an organization can significantly impact its market share by being first to market with a competitive advantage.

Suprised why did i added Yuna's picture when all i wrote is about competitive advantage and business stuff ? Please do continue reading.haha;) 

Why did i added Yuna's photo ? it can simply related to the first mover advantage, which in a simple way, we can say that Yuna is the first mover advantage when she is the first who brought the turban hijab style in malaysia, and after she wore those style, she got a lot of follower..including myself. 

See ? haha, okay let's go back to the right track. ;D

okay, where do we stop ?

 ha, okay. get it. 

To develop and analyzed competitive advantage, organizations use three common tools that is 

1. The five forces Model

1.  The three generic strategies

1.  Value chain

• Buyer power

• Supplier power

• threat of substitute products or services

• threat of new entrants

• rivalry among existing competitors

Let's look at the five forces model first, so what is those five forces model ?

The five forces model is ;

the second tools to analyze competitive advantage is The Three Generic strategies that is 

• broad cost leadership
• broad differentiation
• focused strategy

As you can see on the figure above.

then. the third  common tools to analyzed competitive advantage is value chain.

 A business process is a standardized set of activities that accomplish a specific task such as processing a customer"s order.

 Value Chain approach views and organization as a series of processes,each of which adds value to the product or service for each customer.  

 So basically, these are a little bit something about competitive advantage  and the common tools that practices by an organization to analyzed competitive advantage. 

so thank you, see ya ! ;)

Dunia dah maju, zaman dah berubah.

Do you still remember those phrase 'dunia dah maju, zaman dah berubah'?.As i remember those phrase are from  a commercial break once before, well indeed, the world is getting more advanced and advanced, the world we living now is the 21st century world, people life become more easy from time to time, so what is the thing,the spells or we can say the seed of this advancement ? what ? i can't hear you..

yes,

INFORMATION TECHNOLOGY,or we call it IT.

Me, myself as a business student, in the subject MGT300, study on how IT fits into business strategies and organizational activities,there is a tight and close correlation between business and technology,which its provide an overview of how organizations operate in competitive environments and must continually define and redefine their business strategies to create competitive advantages, doing so allows organizations to not only survive, but also thrive. Anyone who understand and can access and analyze the any different enterprisewide information systems dramatically improve their decision making and problem solving abilities.

Do IT impact on business operations ?

Yes, business functions receiving the greatest benefit from IT.

So what is exactly Information Technology is ?

Information Technology is a field concerned with the use of technology in managing and processing information.The IT umbrella can be quite large , covering so many fields that deal with the use of electronic computers and computers software to convert, store , protect , process , transmit , and retrieve information securely.

What is Management Information System (MIS) ?

MIS is a general name for the business functions and academic discipline covering the application of people , technologies and procedures, called information systems to solve business problems.For example, it provide quantitative information as for Accounting Department and such other benefits for other departments.

What is a data ?

data is a raw facts that describe the characteristics of an event.

information ?

information is a data converted into a meaningful and useful context.

what is business intelligence then ?

it refers to applications and technologies that are used to gather , provide access to, and analyzed data and information to support decision making efforts.

What is the IT resources ?

the three key resources- people, information , and information technology. for your information, it is orderly arranged,  and it is inextricably linked, if one fails, all fails.

IT cultures ? Seriously ? IT do have cultures ? Yes.

IT do have cultures, it has four cultures, that is

information functional culture ; employees use information exercising influence or power over others.

information sharing culture; employees across department trust each other to use information to improve performance

 information inquiring culture; employees across departments search for information to better understand the future and align themselves with current trends and new direction.

information discovery culture; which employees across departments are open to new insights about crises and radical changes and seek ways to create competitive advantages.

So basically, what i am sharing with you is what inside the subject MGT300 Business Driven Technology on chapter 1. So, i'll stop here, hope you'll enjoy reading and see ya ! ;)

Hello Bello Bloggers.

Hello there readers, i'm new here. Thanks to MGT300 subject or else i'll be very lazy to blogging. haha, at least, i have a medium to express myself, my feeling, my interest, my experience, my thoughts, my ideas, my stupid jokes, my story of my life. This is the first entry so there is nothing much to write about..i guess. So, wait for my upcoming entries and posts, and i hope you'll enjoy reading. See ya later,Thanks. ;)

There you go, my welcome face? yeah, iknow it's cute. :D