As All the Companies in an Industry Move to More

question 37

Essay

As all the companies in an industry move to more integrated information systems, how can they still reap a competitive advantage from them? Does adopting the standard business blueprint still provide a competitive advantage?

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Definitions:

Parameters

In statistics, parameters are numerical characteristics that describe and summarize features of a population.

Student t Distribution

A probability distribution used in significance testing, especially useful with small sample sizes or unknown population variances.

Symmetrical

A shape or object that is exactly the same on both sides of a dividing line or around a center point.

Degrees of Freedom

Refers to the number of independent values or quantities that can vary in an analysis without violating any constraints.