Strategic Management Business Information Systems

Question: Discuss about the Strategic Management for Business Information Systems. Answer: Introduction: The overall study is based on a Resume Writing Company. For facilitating the sound business development in the identified market, the company should need to concentrate on developing proper understanding related to the Five Forces Model designed by Michael Porter (Rothaermel 2015). Threat of New Entrants The threat of new entrants within the identified sector of the market is comparatively high. Due to the rapid shift in demand regarding the individuals around the globe, seeking external assistance in creating their resumes mainly causes the increase in demand. Resumes provide important roles in building and developing careers of the individuals in the initial stage (Francis and Ogutum 2015). Based on the identified scenario, wide range of service providers are continuously approaching to capture the opportunity and ultimately increasing the competitive pressures for the new as well as existing companies. Threat of Substitutes The modern world is extremely influenced by the rise of technology and digital tools. Individuals face numerous options from the internet to create their resume (Takata 2016). The certain scenario contributes to the high threat from the substitutes. Bargaining Power of Suppliers In order to create a highly presentable resume, the useful involvement of the professional personnel is required. They are highly skilled and efficient to provide the service and driving the lower bargaining power of the suppliers. Bargaining Power of the Customers Due to the technologic advancement, service users get multiple options to select from the countless service providers over the internet (Johnson et al. 2013). The selection of the service providers is based on the reasonable and relatively low prices of the resume writing services. It costs the high bargaining power for the customers. Competitive Rivalry The competitive rivalry among the existing service providers within the particular market is very high due to the increasing trends of internet and digital media. (Fig 1: Five Forces Model designed by Michael Porter; Source: created by the author) Generic Strategies for Competitive Advantage Apart from the five forces model, Porter had also outlined the generic strategies for the business. The resume writing companies should need to generate a proper understanding related to establish the business in the competitive working environment. As part of the process, the company needs to determine the key concepts associated with cost leadership, differentiation, and focus areas of the business (Rothaermel 2015). Here, cost leadership reflects providing quality Resume Writing Services in the optimal price levels. Focus strategy deals with the small objectives, which drives the firm for their achievements. Lastly, differentiation states the business to form different services for the various segments for promoting the growth in the identified market. Data Dictionary Name JULIA DOUGHERTY (Client 1) Age 38 Address 852 Shlep Rd., Highkand Park, NJ 08904 Educational Background 1) Bachelor of Science in Education from Western Governor's University in 2002 2) Master of Science in Education from Western Governor's University in 2004 Prize Rewarded as a certified teacher from New Jersey State Work experience 1) 1st Grade Teacher at Sweetbriar Elementary School in Seaside Heights, NJ from 08/2004 to 05/2009 2) 3rd Grade Teacher at Westwood Elementary School in Seaside Heights, NJ from 08/2009 and pursuing Skills 1) Teaching, Tutoring, and Counselling 2) Innovative Lesion Planning 3) Classroom Management 4) Learning Style Assessment 5) Performance Assessment 6) Motivating Students Hobbies 1) Reading Books 2) Collecting scholar articles 3) Engaging in the learning sessions with the little girls References Francis, M. and Ogutu, M., 2015. Porter's five competitive forces framework and other factors that influence the choice of response strategies adopted by public universities in Kenya. Johnson, G., Whittington, R., Scholes, K., Angwin, D. and RegnÃ…Â ½r, P., 2013.Exploring Strategy Text Cases. Pearson Higher Ed. Rothaermel, F.T., 2015.Strategic management. McGraw-Hill. Takata, H., 2016. Effects of industry forces, market orientation, and marketing capabilities on business performance: An empirical analysis of Japanese manufacturers from 2009 to 2011.Journal of Business Research.