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.
E) All of these are examples of why information is strategically important for organizations.

Question

Quizplus · Accepted Answer

Information can give organizations a first-mover advantage, allowing them to be ahead of competitors in the market.

Answer: B 
 Perceived knowledge is not always readily available, making information that is derived from it unique and strategically important to organizations.

Answer: E 
 All of the options listed are examples of why information is strategically important for organizations.

Why Is Information Strategically Important for Organizations