Why is information strategically important for organizations?
A)Information can be used to obtain first-mover advantage.
B)Information is derived from perceived knowledge,which limits its availability.
C)Information cannot be used as a medium of exchange.
D)Information creates suboptimization opportunities.

Question

Why is information strategically important for organizations?
A)Information can be used to obtain first-mover advantage. 
B)Information is derived from perceived knowledge,which limits its availability. 
C)Information cannot be used as a medium of exchange. 
D)Information creates suboptimization opportunities.

Quizplus · Accepted Answer

Information can give an organization an advantage over its competitors by enabling it to make better decisions faster than the competition. Being the first to use new information can help companies get on the ground floor of an emerging market or to corner a particular demographic.

Why Is Information Strategically Important for Organizations