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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 584 |
Essay's paper body
Industry boundaries are thus easily crossed as value chains are being redefined
(Sampler, 1998). This in turn may affect the scope of the firm as opportunities for outsourcing
arise in the presence of reduced transaction costs and increased returns to scale. Porter and Millar (1985) argue that information technology creates value by supporting differentiation strategies...
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Porter and Millar (1985) argue that information technology creates value by supporting differentiation strategies. Value creation opportunities in virtual markets may result from new combinations of information, physical products and services, innovative configurations of transactions, and the reconfiguration and integration of resources, capabilities, roles and relationships among suppliers, partners and customers...
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