How Might Information Technology Affect Competitive Environment of the Petroleum Industry?
Article from: OGEL Archive issue , in Roundup of Articles
Introduction
'..."Finite limited resources"...is an empty slogan. Only cost and price matter. They are determined in a tug-of-war between diminishing returns and increasing knowledge'[1] M.A. Adelman 'Most assets are subject to diminishing returns, but not knowledge. The rapid and effective re-creation of knowledge can represent a substantial source of competitive advantage.'[2] Jonathon Day "The power of technology as a competitive variable lies in its ability to alter competition through changing industry ...