How can an IT system initially help a company advance but later become a requirement for that business to stay competitive? | Academic Papers Help

How can an IT system initially help a company advance but later become a requirement for that business to stay competitive?.

Write a paper answering the following questions below. Here are the expectations for the paper:

Paper should be short (3 4 pages, with references). It is to be structured as a point/counterpoint argument, in the following manner: Take a definite stand on the issues and develop your supporting argument carefully.

Describe how information technology (IT) has brought radical changes to industry and societies. This topic can be addressed by articulating how a company from the past executed business processes without Information Technology (and especially information systems/software), then talk about how a present company uses IT and complex software systems.
Describe the concept of software total cost of ownership (TOC) and its association for investment decision making. In other words, how does a company figure out that investing in software will make it more efficient or more effective and then stay on the path?

Review the software alternative of cloud computing. Why might it make sense not to host software applications locally? What benefits does cloud computing bring? What possible negative effects are there?
What does it mean to be competitive? Explain how IT/information systems might make a company competitive.

What happens in companies that cause the mindset to change from implementing IT and especially software systems to become efficient, to believing that IT and information systems/software are must-haves to stay at par or get ahead of the competition?

How can an IT system initially help a company advance but later become a requirement for that business to stay competitive?