Author Question: Discuss how managers can formulate e-business strategies that contribute to the development of a ... (Read 83 times)

roselinechinyere27m

  • Hero Member
  • *****
  • Posts: 557
Discuss how managers can formulate e-business strategies that contribute to the development of a sustainable competitive advantage in today's environment.
 
  What will be an ideal response?

Question 2

________ is the ability to recognize major external changes, to quickly commit resources, and to recognize when a strategic decision is not working.
 
  A) Strategic apprenticeship
  B) Strategic flexibility
  C) Strategic leadership
  D) Strategic management



mmpiza

  • Sr. Member
  • ****
  • Posts: 354
Answer to Question 1

Answer: Managers use e-business strategies to develop a sustainable competitive advantage.
A cost leader can use e-business to reduce costs in a variety of ways. It might use online bidding and order processing to eliminate the need for sales calls and to decrease sales force expenses; it could use Web-based inventory control systems that reduce storage costs; or it might use online testing and evaluation of job applicants.
A differentiator needs to offer products or services that customers perceive and value as unique. For instance, a business might use Internet-based knowledge systems to shorten customer response times, provide rapid online responses to service requests, or automate purchasing and payment systems so that customers have detailed status reports and purchasing histories.
Finally, because the focuser targets a narrow market segment with customized products, it might provide chat rooms or discussion boards for customers to interact with others who have common interests; design niche Web sites that target specific groups with specific interests, or use Web sites to perform standardized office functions such as payroll or budgeting.

Answer to Question 2

Answer: B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

For a complete list of videos, visit our video library