Management Midterm Review

Management Midterm Review - Management Midterm Review...

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Unformatted text preview: Management Midterm Review Management Overview What defines the competitive landscape of business? o Globalization Coming soon: A Post-American World-CBS China, India, Brazil, South Africa (enormous growth) China, a power to be reckoned with o will be the commercial leader of the world o by 2035, it will be bigger than our economy and by the middle of the century it will be twice the size of our economy (largest in the world) Future is being shaped by foreign people Meltdown in U.S. economy isnt helping>price of gas, mortgage pricing, weak dollar, monetary cost of wars in Iraq and Afghanistan o Everything that used to be the biggest and best in the U.S. is now even bigger and better in other countries; buildings, biggest malls, etc. Natives are good at capitalism o 179 countries are growing faster than the U.S. o America counted on innovcation to keep its edge, however we are losing the innovative edge o manufacturing jobs are moving offshore o iPhone Idea was American, but the phones themselves are made in China o Japanese cars- Toyota, not GM o Haier America-built a plant in the united states Owned by Chinese, trying to buy GE Number 1 brand in China, trying to be 3 in US Staffed and run by Americans, but owned by Chinese America needs to change tax and immigration policies o Save too little, consume too much; borrow too much from the rest of the world o Use energy in a wasteful fashion o Need to make adjustments in the next 5 years o America globalized the world, but forgot to globalize itself Emerging Market Dynamics Account for over 40% of the world GDP Benefit from: low-cost labor, knowledgeable workers, government support, low-cost capital, powerful highly networked conglomerates o Collaboration across organizational boundaries Wikinomics Book by Don Tapscott For companies to succeed, leaders must think differently about how to compete and be profitable- embrace a new art and science of collaboration New mode of innovation and value creation-peering Low-cost collaborative infrastructures, open source software and global outsourcing platforms allow thousands of people and small producers to co- create products Power shift-harness the new collaboration or perish With peer production, we will harness human skill, ingenuity and intelligence more efficiently and effectively than ever before Principles: o Being Open-harness external collective cabability to spur innovation; organizational boundaries get pourous o Peering- leveraging self-organization; key benefits of peer production- harnessing external talent, keeping up with users, boosting demand for complementary offerings, reducing costs, shifting the locus of competition, taking the friction out of collaboration, developing social capital o Sharing- manage a balanced portfolio of IP assets, some protected, some unprotected o Acting Globally- winning companies need to know the world, its markets,...
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This note was uploaded on 12/01/2010 for the course BMGT 364 taught by Professor Wellman during the Spring '08 term at Maryland.

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Management Midterm Review - Management Midterm Review...

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