ITM 102 Lecture Notes - Lecture 12: Electronic Data Interchange, Brand, Agency Cost

• School: Ryerson University
• Department: Information Technology Management
• Course: ITM 102
• Professor: Franklyn Prescod

Document Summary

Global economic system and global world order driven by advanced networks and information systems. Growth of international trade has radically altered domestic economies. For example, production of many high-end electronic products parceled around the globe out to multiple countries. When building international systems: understand global environment. Business drivers pushing your industry toward global competition. Inhibitors creating management challenges: develop corporate strategy for competition. How firm should respond to global competition: develop organization structure and division of labour. Where will production, marketing, sales, etc. , be located: consider management issues, consider technology platform. Design of business procedures, reengineering, managing change. Most companies have inherited patchwork international system using 1960"s-era batch-oriented reporting, manual entry of data from one legacy system to another, and little online control and communication. 4 main global strategies: domestic exporter, multinational, franchisers, transnational. 3 main kinds of organizational structure: centralized: in the home country, decentralized/dispersed: to local foreign units, coordinated: all units participate as equals.