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United States (301,118)
Boston College (3,435)
CSCI 1031 (14)
James Gips (14)
Lecture

November 11

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School
Boston College
Department
Computer Science
Course
CSCI 1031
Professor
James Gips
Semester
Fall

Description
November 11, 2013 Quants­ quantitative analysts  In the stock market, analyzing the market data Algo­ algorithm Used to determine the market story, can determine the future movements of the stock market  based off of past events If a stock has increased in value three consecutive times, 55% chance it’ll increase again Competing in Time Using the most recent information to determine what the customer wants Dell was competing in time because they could use up to the minute data concerning what the  customer wanted through their site sales HP had to rely on old data provided to them through intermediate sellers such as Best Buy Blue Nile was also able to determine exactly what their customers currently wanted, just like Dell,  by analyzing their web sales data Startups are more agile than established companies with 5 year business models Technology and Competitive Advantage Sustainable Competitive Advantage “financial performance that consistently outperforms industry peers” Critical Concepts in Understanding Competitive Advantage Operational Effectiveness Performing the same tasks better than your rivals Strategic Positioning Performing different tasks than your rivals, or performing the same tasks in a different way A company needs Operational Effectiveness but it’s usually not enough to sustain Competitive  Advantage “Fast Follower Problem” A company pioneers a new product or service or a new process or a new feature Rivals see the new development and quickly imitate it before the first mover can establish a  dominant and sustainable advanta
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