3rd ass./MIS1/10-11M

1. Explain why strategies and strategic moves are important in a business.
-Strategies and strategic moves are important in a business because it helps many businessman to achieve their common goals and to improve their ways in solving their problems in business.

2. Illustrate how information systems can give businessman a competetive advantage.
-Implementing information system in a corporation result to competetive advantage because it gives a better information. By using information system to implement certain strategies, such as maximizing sales and lowering cost.

3. Identify the basic initiatives for gaining a competetive advantage.
-reduce cost
-raise barriers to market entrants
-establish high switching cost
-create new product or services
-differentiate products or services
-enhance product or services
-establish alliances
-lock in suppliers or buyers