Post an assessment of the influence of IT in the creation of competitive advantage in organizations, incorporating the Required Readings on strategy and competition. In your assessment, address the following:
- What is competitive advantage and what are the ways it is created?
- How does IT contribute to competitive advantage?
- What are the risks associated with using technology for competitive advantage?
- Also, include in your post a current theory related to IT for competitive advantage. Select a theory that extends beyond the resources provided in the readings for this week and involve your own research in the Walden Library using recent peer-reviewed sources. For the theory, provide a summary using these section headings:
- The name of the theory
- The year the theory was introduced
- The theorist/author
- Key components of the theory
- A statement of how the theory does or does not apply
Be sure to support your work with a minimum of three specific citations from this week’s Learning Resources and at least one additional scholarly source.
Bacanu, B. (2016). Competitive advantage: “The emperor has no clothes!”. Bulletin of the Transilvania University of Brasov, Series V: Economic Sciences, 9(1), 99–106. Retrieved from http://webbut.unitbv.ro/Bulletin/Series%20V/Series…
Carr, N. G. (2003). IT doesn’t matter. Harvard Business Review, 81(5), 41–49. Retrieved from https://cb.hbsp.harvard.edu/cbmp/pl/70896911/70897120/d210c240ae904b08b5f90382a27ac4ee
Ghemawat, P. (2002). Competition and business strategy in historical perspective. Business History Review, 76(1), 37–74. Retrieved from https://www.cambridge.org/core/journals/business-h…
Porter, M. E., & Kramer, M. R. (2011). Creating shared value: How to reinvent capitalism—and unleash a wave of innovation and growth. Harvard Business Review, 89(1-2), 62–77. Retrieved from https://cb.hbsp.harvard.edu/cbmp/pl/70896911/70897102/14ee51e753d1f9aa221ab5181a934e71
Porter, M. E., & Millar, V. E. (1985). How information gives you competitive advantage. Harvard Business Review, 63(4), 149–160. Retrieved from https://cb.hbsp.harvard.edu/cbmp/pl/70896911/70897065/625dc70cb48584d0f75794815d3fcf24
Purkayastha, A., & Sharma, S. (2016). Gaining competitive advantage through the right business model: Analysis based on case studies. Journal of Strategy and Management, 9(2), 138–155. doi:10.1108/JSMA-07-2014-0060
Ashtiani, Z. M., & Karimi, S. (2016). A study on effect of market orientation and Michael Porter’s Five Competitive Forces on performance of Bahman Group. International Journal of Advanced Biotechnology and Research, 7(5), 228–241. Retrieved from https://bipublication.com/files/ijabr20160528_Sharif.pdf
Christensen, C. M., Bartman, T., & van Bever, D. (2016). The hard truth about business model innovation. MIT Sloan Management Review, 58(1), 31–40. Retrieved from http://mitsmr.com/2cBmhTk
Diana, C., Mirela, I., & Sorin, M. (2017). Approaches on the relationship between competitive strategies and organizational performance through the Total Quality Management (TQM). Quality – Access to Success, 18(S1), 328–333. Retrieved from http://www.srac.ro/calitatea/en/
Viltard, L. A. (2017). Strategic mistakes (avoidable): The topicality of Michel Porter’s generic strategies. Independent Journal of Management & Production, 8(2), 474–497. doi:10.14807/ijmp.v8i2.580