9/30 class note

Competition: trying to be better, gain more sales than others
Competitive Advantage: unique "product" that other doesn't have

How can we use technology to enhance our product?

How do these five forces influence/apply into a business?
Five Forces (Rival, supplier, treat of new entrants)
Rivalry among competitors: it's good to just hav ourselves in the market,
Bargaining power of suppliers: supplier's bargaining power depends on the number of choices/size of supplier
Threat of new entrants: Economics  of scale, regulations, intellectual property
Bargaining Power of Customers
Threat of Substitutions:

manage these 5 forces to show our stakeholder via IS
Googlelookup: GoogleDoc links to it's finance function
WolframAlpha