Share an example from your nursing practice setting of how a decision was made to change a procedure or practice. What steps were used in the decision-making process? What evidence was considered for decision-making? Was the change effective? Provide rationale
aving ICT- savvy can be beneficial for business with adequate preparation prior to its implementation. They gain competitive advantage through online portal and others ICT applications and technologies. ICT utilization by ICT -savvy can be the resourceful medium or platform for Kolej Yayasan Pahang to gain competitive advantage. This situation can be supported by the theory of Resource- Based View (RBV). RBV stipulates that the fundamental sources and drivers of competitive advantage and superior performance are chiefly associated with the attributes of resources and capabilities, which are valuable and costly-to-copy (Barney, 1991).
Resource- Based View is a more recent theory that is widely embraced by many references such as Bharadwaj (2000), Wade and Hulland (2004), Kim et al. (2006), Rai et al. (2006), Wu et al. (2006), Ordanini and Rubera (2010); Lee, Koo and Nam (2010); Fahy and Hooley (2011); Rashidirad, Syed and Soltani (2012). RBV operates under the assumptions that the resources needed to conceive, chose, and implement strategies are heterogeneously distributed across firms whose differences remain stable over time (Barney, 1991). Resources can be broadly defined to include: assets, knowledge, capabilities, and organizational processes (Bharadwaj, 2000).
Bharadwaj (2000) proposed that if firms can combine IT related resources to create a unique IT capability, it can result in superior firm performance. The significant on ICT – savvy to Kolej Yayasan Pahang hopefully bring this business more productive; create competitive advantage, sustainability and accessibility. The “effective implementation of the task through great utilization of resources” is in line with the perspectives of Resource-Based View theory.
RBV theory rationalizes firm’s superior performance to organizational resources and capabilities. The resource – based view of the firm links the performance of organizations to resources and skills that are firm – specific, rare, and difficult to imitate or substitute (Barney, 1991). Hence, it is a theory that is mostly preferred by researchers in this area of study. This study consequently is based on this theory. The paper highlights the influence of ICT-savvy as pivotal determinants of firm performance in terms of productivity, competitive advantage and firm accessibilit