Research

In: Business and Management

Submitted By Wogi150
Words 454
Pages 2
Research
BSA 310
September 8th, 2014
Manuel Torres

Research

I searched for a good article on a website that would have more modern advice but I kept coming back to an article that was written in 2008 by a Harvard Business Review Professor simply for the fact some of the information was still very relevant.
The one thing that stood out in the article to me the most was the very first paragraph Porter (2008) "In essence, the job of the strategist is to understand and cope with competition. Often, however, managers define competition too narrowly, as if it occurred only among today’s direct competitors. Yet competition for profits goes beyond established industry rivals to include four other competitive forces as well: customers, suppliers, potential entrants, and substitute products.” ( para 1). Considering the learning groups assignment is to make software suggestions to already established company.
* Collaborative software: groupware
* Financial software: accounting and cost analysis
* Marketing and sales software: customer relationship management
* Business intelligence software
I find this all too accurate and truthful. As staying competitive in modern business pertains more and more to the level of IT integration that any company that is trying to remain both competitive and productive. Simply put if your software/IT is not as fast accurate and has the upstanding quality that business needs in the modern business world a company can be quickly left behind. Usually the company that is number 1 in any given industry is number 1 for a reason. They do a good portion of what they do better than the next guy or number 2 and 3 and 4 and so on.
Having strong IT systems in place can not only make a company the leader of its own industry but it can keep them there as well. It is for this reason that I thought that any other company that…...

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