3-1) How do porter’s competitive forces model, the value chain model, synergies, core competencies and network-based strategies help companies use information systems for competitive advantage ?
The commonly known Michael Porter’s Model is describe to be an organized overview of the organization, its opponents, and lastly its environment. There are five components that makes up the model to predicts the destiny of the business. Which are traditional competitors, new market entrants, substitution of products and services and customers and lastly suppliers.As well the appropriate manner to maintain business surviving and superior to their threats from new entrants and rivals with the advantage of information systems.
Information systems enable
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Now, this left customers no other choice but to switch to the macy 's in the nearest mall centers. In other words, in this case how can information systems benefit in macy’s management is by applying the universal strategies as mentioned before to plan out the enhancement of theretails environment.
First and foremost, applying the mass customization which is the ability to use information systems so senior management can adjust pricing and inventory control. Also macy’s management can offer customers to tailor merchandise while using the same manufacturing materials for mass production. Collecting data such as local surveys, questionnaires, feedback to exactly pinpoint what kinds interests are trending to provide new commodities or services.
Secondly, Strengthen Customer and supplier intimacy which use informations systems to provides strong link between suppliers and customers. Providing supplier with exact information of production for macy’s merchandise of funrite, clothing, appliance and etc. at the same time companies are keeping record of their