How Do Information Systems Help Businesses Use Synergies, Core Competencies And Network-Based Strategies To Achieve Competitive Advantage?

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How Do Information Systems Help Businesses Use Synergies, Core Competencies And Network-Based Strategies To Achieve Competitive Advantage?

Because firms consist of various business units, information systems get supplementary efficiency or increase services by tying together the operations of different business units. Information systems facilitate business leverage their core competencies by supporting and promoting the sharing of knowledge across the business units. Information systems help business models based on big networks of users or subscribers that take advantage of network economics. A virtual company strategy uses networks to link to other firms in order that a company can exercise the capabilities of other companies to build market and allocate products and services. In business ecosystems, multiple industries work mutually to distribute value to the customer. Information systems also maintain an intense network of interactions among the participating firms.

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