How Does Porter’s Competitive Forces Model Help Companies Develop Competitive Strategies Using Information Systems?

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How Does Porter’s Competitive Forces Model Help Companies Develop Competitive Strategies Using Information Systems?

Ans: The Porter’s competitive forces model, the strategic position of the firm and its strategies, are determined by the competition with its usual direct competition, but they are also significantly affected by fresh market entrants, alternate products and services, suppliers and customers. Information systems can help companies participate by maintaining low costs, differentiating products or services, by focusing on market niche, strengthening ties with customers and suppliers and increasing obstacles to market entrance with high levels of operational excellence.

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