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Unformatted text preview: 05:55 MGCR 331: INFORMATION SYSTEMS FALL 2011 MCGILL UNIVERSITY 10 forces that created the leveled global economic playing field 1. Fall of the Berlin Wall at the end of the Cold war allowed people from other side of the wall to join the economic mainstream 2. Netscape goes public o Netscape and the Web made the Internet accessible to everyone o Everyday occurrences such as words, files, films, music and pictures could be accessed and manipulated on a computer screen by all people across the world 3. Work-flow or Standards and technologies that allowed work to flow o global platform for multiple forms of collaboration 4. Uploading o Communities uploading and collaborating on online projects (wikipedia, open source software, & more) 5. Outsourcing o Companies can split service and manufacturing activities into components which can be subcontracted and performed in the most efficient, cost-effective way 6. Offshoring or Relocating entire operations or tasks to another country 7. Supply Chaining o Networks of firms, their suppliers and their customers that support collaboration and sharing of information for increased efficiency (Walmart as exemplar) 8. Insourcing o Delegating operations within an organization to another company that specializes in those operations. For example, UPS itself repairs Toshiba computers on behalf of Toshiba. The work is done at the UPS hub, by UPS employees. 9. Informing or Google; ability to search for information. "Never before in the history of the planet have so many people-on their own-had the ability to find so much information about so many things, writes Friedman. 10. The Steroids or Personal digital devices like mobile phones, ipods, personal digital assistants, instant messaging, VoIP (Voice over Internet Protocol) o Technologies that enable collaboration and amplify the other flatteners What does it mean? emerging economies (e.g., India, China) are able to compete for industries and work because they combine cost advantages, trained workforce, and entrepreneurial impulse Even high end jobs are now threatened by globalization Technology is transforming our world Historical role: automates, supports human information processing o Has been a role of IT in business for many decades o Expands the productivity of knowledge workers Facilitates new processes and strategy o New business strategy (sell directly to customers) o New product strategy (customize products for individual needs; e.g., Customize your Nike) Transforms existing markets o Music, movies, cable television, long-distance...
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This note was uploaded on 04/02/2012 for the course MCGR 331 taught by Professor Samerfaraj during the Winter '12 term at McGill.
- Winter '12