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Competitive Forces, The Five, That Shape Strategy - Harvard Review

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Lawyer/Lecturer
Level
General public
Study
criminal law
School/University
USIU

About the document

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documents in English
Format
Word
Type
case study
Pages
3 pages
Level
General public
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  1. Introduction
  2. Know the IT environment/estate
  3. Areas where IT represents a risk to company's competitive advantage
  4. Continuous report and Monitor
  5. Conclusion

Michael E. Porter's article ?How Competitive Forces Shape [Business] Strategy? was first published by Harvard Review in 1979 and the economist and associate professor's article revolutionized the strategy field. The article explains how the five main competitive forces which include: Customers, suppliers, entrants, established competitors/rivals and substitute offerings/products. While aligning IT with the Business Strategy, some of the forces can take advantage due to IT vulnerabilities and can bring risks to the business. However, the risks can be translated to a competitive advantage (Porter, 2008).

Such risks when they materialize aim at compromising the information security of a company. They come in the following ways: virus attacks e.g. luv bug and Melissa viruses; attach by black hat hackers who are usually malicious and crack your IT system hoping to gain something out of the information; fraudulent emails and websites. These threats can cause fraudulent transactions. The staff also misuses organizations emails and web. Organizations bandwidth can also be misused by Staff who performs peer-to-peer file transfer and sharing. Failure to update or configure the organization's software usually brings about these types of threats.

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