Final answer:
The ability to access and use information is an important source of competitive advantage across all industries. This necessity is amplified by the integration of information technologies and globalization, which have expanded market competition and the operational scale for businesses. Mastery of information management is fundamental for success and survival in today's global market landscape.
Step-by-step explanation:
The ability to effectively and efficiently access and use information is b. an important source of competitive advantage in virtually all industries. The rise of information and communication technology and globalization has profoundly transformed markets. Businesses must now contend with increased competition not just locally but on a global scale, as the internet has allowed for the expansion of markets and consumer reach. Additionally, improved technologies facilitate management across various operations and geographic boundaries, potentially benefiting larger firms. This dynamic environment underscores the indispensability of proficient information management for competitive success and survival in today's market.
In light of the new information economies and global connectivity, the ability to manage information is not only a critical advantage but is often essential for the viability of a business, regardless of the industry. As businesses, both large and small, harness information and communication technologies, they participate in an ongoing competition that shapes the size and dominance within their respective markets. Therefore, understanding and leveraging information effectively is a skill that holds substantial sway in defining market success in the modern era.