New Developments Concerning Business Information Systems

摘要

In today's competitive world, information systems provide competitive advantage to a business. Whether a business follows cost leadership strategy or differentiation strategy, information systems have a strategic impact by reducing production costs and identifying the potential market segments. Communication is a key element in operating a business successfully. Information systems go a long way in simplifying things for a business by effective management of information. Information systems provide several important benefits to a business. With better management of information, a business can make strategic decisions with more certainty about the outcome. Another benefit is improved service to the customers. They help in satisfying the diversified needs of a business's customer base. Information systems increase productivity through optimum utilisation of resources. With the growth and development in communication technologies, information systems are having a strategic impact on a business.