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A large body of literature emerged in the early 1980s which addressed the competitive implications of private investments in information systems (IS) at the level of individual firms. Provides a summary of the existing literature in this area which is based mostly on Porter′s work, as well as other disparate IS strategy literature. Discusses the limitations of the existing literature, and puts forward the stakeholder approach to strategic management because it is seen to offer a more complete basis for analysing the impact of information systems and interorganizational systems at the firm, industry and societal levels.

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