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This is where IS help find out about specialized markets. |
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Organizations can look for markets made up of certain age groups, geographical areas, professions, etc |
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Market research and data analysis are inevitable ingredients for the success of such competitive advantage strategy. |
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IS are also important for implementation and continuous review and improvement of such a strategy. |
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An example of specialized strategy is when a phone company offers organizations mobile phone contracts that facilitate the use of internet on the phone at cheaper rates. |
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It is worth mentioning that global businesses today are more likely to choose to use a combination of competitive advantage strategies. |
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An organization may seek a market niche competitive advantage strategy and yet maintain a low cost leadership or a product differentiation strategy at the same time. |
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This implies that organizations should apply more sophisticated IS to suit their needs. |