Understanding IT for a Competitive AdvantageAn organization must have a deep understanding of its underlying activities in order to successfully use its informational technologies to achieve a strategic advantage.What is competitive advantage and how do you measure it?What does ?value chain? mean and how does it relate to competitive advantage? Identify strategies that can be used for cost advantage.What is differentiation? Give examples of differentiation in the IT industry.What are the characteristics of offensive and defensive competitive strategies?How do countries achieve competitive advantage using technology? Identify the role technology can play in establishing competitive advantage.What are the risks associated with using technology for competitive advantage?Can competitive advantage be achieved primarily through innovation in technology?Cite appropriate authors and give examples to illustrate your choices.Just answer one or two paragraphs for each line questions
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