35. Competition as a procedure for discovering new economic information

Information infrastructuresthat create the necessary environment for effective competition:

1) a developed material and technical network that provides quick access to market information to all market entities;

2) an information system, i.e. a set of data on the operational parameters of the market.

Important element information system - a generally accepted system of standardization and evaluation of product quality. Its insufficient development makes correspondence trading virtually impossible. The lack of a developed system of market information distorts information flows, significantly increases the time and cost of market analysis and the search for partners.

The essence of information technology - information technology is changing the way companies do business. It affects the entire production process of products, changes the form of the product itself, that is, the physical essence of the goods, services and information provided by the company in order to create customer value. An important concept that helps define the role of information technology in competition is the value chain.

The company's value chain is a system of interdependent activities, between which there are advantages and opportunities provided by the information revolution.

The management of the company should adhere to five recommendations.

1. Evaluation of the intensity of information.

2. Determination of the role of information technology in the structure of the industry.

3. Definition and classification of methods by which information technology can lead to the creation of a competitive advantage.

4. Investigation of the way in which new types of business arise due to the use of information technology.

5. Develop a plan to realize the benefits of information technology.

Access to information Within the cluster, firms and local organizations accumulate broad knowledge of marketing, technology, and other specialized types of information. Access to this information can be better managed and less costly for firms within a cluster, allowing them to be more productive and at the forefront of productivity.

The flow of information between divisions of the same company also has a similar effect. An important special case of the information advantages created by the cluster is the availability of information about the current needs of buyers. Demanding customers are often included in the cluster as part of it, and other members of the cluster often receive and disseminate information about their needs.

Author: Ilyina V.N.

<< Back: The theory of effective competition

>> Forward: Comparative characteristics of competition and planning mechanisms

We recommend interesting articles Section Lecture notes, cheat sheets:

▪ History of economic thought. Lecture course

▪ Accounting. Lecture notes

▪ Hospital therapy. Lecture notes

See other articles Section Lecture notes, cheat sheets.

Read and write useful comments on this article.

<< Back

Latest news of science and technology, new electronics:

The existence of an entropy rule for quantum entanglement has been proven 09.05.2024

Quantum mechanics continues to amaze us with its mysterious phenomena and unexpected discoveries. Recently, Bartosz Regula from the RIKEN Center for Quantum Computing and Ludovico Lamy from the University of Amsterdam presented a new discovery that concerns quantum entanglement and its relation to entropy. Quantum entanglement plays an important role in modern quantum information science and technology. However, the complexity of its structure makes understanding and managing it challenging. Regulus and Lamy's discovery shows that quantum entanglement follows an entropy rule similar to that for classical systems. This discovery opens new perspectives in the field of quantum information science and technology, deepening our understanding of quantum entanglement and its connection to thermodynamics. The results of the study indicate the possibility of reversibility of entanglement transformations, which could greatly simplify their use in various quantum technologies. Opening a new rule ... >>

Mini air conditioner Sony Reon Pocket 5 09.05.2024

Summer is a time for relaxation and travel, but often the heat can turn this time into an unbearable torment. Meet a new product from Sony - the Reon Pocket 5 mini-air conditioner, which promises to make summer more comfortable for its users. Sony has introduced a unique device - the Reon Pocket 5 mini-conditioner, which provides body cooling on hot days. With it, users can enjoy coolness anytime, anywhere by simply wearing it around their neck. This mini air conditioner is equipped with automatic adjustment of operating modes, as well as temperature and humidity sensors. Thanks to innovative technologies, Reon Pocket 5 adjusts its operation depending on the user's activity and environmental conditions. Users can easily adjust the temperature using a dedicated mobile app connected via Bluetooth. Additionally, specially designed T-shirts and shorts are available for convenience, to which a mini air conditioner can be attached. The device can oh ... >>

Energy from space for Starship 08.05.2024

Producing solar energy in space is becoming more feasible with the advent of new technologies and the development of space programs. The head of the startup Virtus Solis shared his vision of using SpaceX's Starship to create orbital power plants capable of powering the Earth. Startup Virtus Solis has unveiled an ambitious project to create orbital power plants using SpaceX's Starship. This idea could significantly change the field of solar energy production, making it more accessible and cheaper. The core of the startup's plan is to reduce the cost of launching satellites into space using Starship. This technological breakthrough is expected to make solar energy production in space more competitive with traditional energy sources. Virtual Solis plans to build large photovoltaic panels in orbit, using Starship to deliver the necessary equipment. However, one of the key challenges ... >>

Random news from the Archive Motion sickness glasses 12.07.2018 Citroen has created the Seetroen glasses, which help to cope with motion sickness. Many people suffer from the so-called seasickness, or motion sickness: a feeling of nausea and motion sickness in transport. Citroen came up with a possible solution to the problem - they developed special glasses called Seetroen. The white plastic frame of the glasses contains four rings filled with a blue liquid. The latter, according to Citroen, moves along the frontal and sagittal axes - left-right and back-and-forth - and creates an artificial horizon, which, in turn, allows you to resolve the conflict between the senses, which leads to unpleasant sensations in transport. According to the developers, Seetroen is able to eliminate the symptoms in just 10 minutes and cope in 95 percent of cases. Seetroen price - 99 euros.

Other interesting news:

▪ Cow toilet

▪ Compact medical power supplies Mean Well RPS-400

▪ Liquid graphene transistor for implantation

▪ Smart life sensor

▪ Innovative battery will last for decades

News feed of science and technology, new electronics

Interesting materials of the Free Technical Library:

▪ section of the website Audiotechnics. Article selection

▪ article The most humane person. Popular expression

▪ article What is an antibody? Detailed answer

▪ article An employee who accepts glassware from the public. Standard instruction on labor protection

▪ article Stable local oscillator VHF converter. Encyclopedia of radio electronics and electrical engineering

▪ article Personal magnetism. Focus Secret

Leave your comment on this article:

All languages ​​of this page

Arabic	Hebrew	Polish
Bengali	Hindi	Portuguese
Chinese	Italian	Spanish
English	Japanese	Turkish
French	Korean	Ukrainian
German	Malay	Vietnamese

Home page | Library | Articles | Website map | Site Reviews

www.diagram.com.ua
2000-2024