Information and competitive advantage

It is now recognized that information can be used as a source of competitive advantage. This has led to formal management strategies and plain for information.

A strategy is needed for arrears in which decisions have to potential to have a major impact on an organization. Many organizations have recognized the importance of information and developed an information strategy, covering both IS and IT.

Information system should be tied in some way to business objectives.

(a)    The corporate strategy is used to plan functional business plains which provide guidelines for information based activities,

(b)    On year by year basis, the annual plan would try to tie in business plains with information systems projects for particular applications, perhaps through the functioning of a steering committee.