THINK OUTSIDE THE BOX

Hello there mate. We meet again here. Now, i want to talk about BOX. I don't know about you but I am tired of hearing about the "Box" and "Thinking outside the box." 

But for me....

THERE IS NO BOX!!!

Personally, I am constantly on the search of what's new, what will give me an advantage, what will help me live to my full potential and thereby live my purpose and serve others living theirs.  

IDENTIFYING COMPETITIVE ADVANTAGES

Assalamualaikum guys. We meet again. For this post, i would love to talk about the second chapter of MGT 300, which is IDENTIFYING COMPETITIVE ADVANTAGES. From this chapter i have learned that in order to survive and thrive, an organisation must create a competititive advantage. Below is the competitive scope that an organisation should practice.

Besides that,i have learned about the 5 FORCES MODEL OF COMPETITIVE STRATEGY.  This strategy was introduced by Michael Porter. The Porter Analysis identifies five forces and then asks for a determination of the level (high or low) of that force in the industry. The five forces are : 



 1. The intensity of the competition among industry competitors.
 2. The threat of new entrants entering the market.
 3. The amount of bargaining power in the hands of the suppliers to the organizations.
 4. The amount of bargaining power in the hands of customer of organizations.
 5. The threat embodied by potential substitute products to existing products.

Identifying your competitive advantage isn’t always as easy as you think. Most good business ideas are established by a competitor. But lets pretend the idea has not been established by anyone, absolutely no direct competitors. Now let’s pretend that you establish the idea and the idea is huge success, i guess.

Well,this is basically what i have learned in chapter 2 of MGT 300. 

GOODBYE. THANKS FOR READING. LATER PEEPS.  :)

BUSINESS DRIVEN TECHNOLOGY

Nowadays,the role of information technology or so called IT is constantly evolving and has changed significantly from the days when the IT organization was often referred to as “data processing.” 

Today, in many industries, IT enables some businesses to differentiate themselves from their competitors. Those companies that use IT for competitive advantage can differ from their competitors in two ways with respect to their IT organizations: they view IT as a strategic business enabler instead of as a cost center, and they work to maximize the efficiency of their IT operations so that they can focus their resources on providing value to the business and respond to today’s environment of rapidly changing business conditions.

 For example,Microsoft has used IT as the main tools to get profit besides being different from other competitors. In conclusion, IT has definitely become a priority in business as we can see it everywhere.