Class Notes (836,294)
Canada (509,749)
MGCR 331 (52)
Lecture 2

Lecture 2.docx

4 Pages
149 Views
Unlock Document

Department
Management Core
Course
MGCR 331
Professor
Imad Mansour
Semester
Fall

Description
Lecture 2 Course Objectives As a result of this course on business information technologies, you will be able to:  understand and talk about IT and how it relates to business;  Learn about and understand how IT tools improve collaboration and decision- making. Course Learning Outcomes To reach the course objectives, you will learn to:  Appreciate and explain the strategic role of IT in all types of organizations  Examine how an organization can create business value from IT  Understand the importance of managing data  Familiarize yourself with tools used to improve decision-making, access information and facilitate collaboration  Identify and explain current and future types of organizational uses of IT  Be aware of the privacy issues and security concerns in using IT. Clicker Q: 1. Facebook user base is not bigger than the population of:  China and India 2. The rise of Opensource has: - changed the revenue model of the software industry - Reduced the computing cost of start ups as well as blue chips companies 3. The following are reasons why Finance professionals have to understand technology: - have to be able to value tech companies - have to understand the role of IT in an investment portfolio Changing World - The World is Flat by Thomas Friedman (video) - Objective: o Appreciate the global business environment o Realize how IT affects business and shapes our world - There have been 3 years of globalization o 1 year (Globalization 1.0) – 1492 ~ early1800  Globalization through countries (ex. Size L  M)  Exploring other countries o 2 year (Globalization 2.0) – Early 1800 ~ 2000  Globalization through companies (ex. Size M  S)  Multinational, marketing o 3 year (Globalization 3.0) – Today  (ex. Size S  tiny; flattening the global economic field)  It’s not globalization through countries or companies, but it’s new and unique globalization that degree to which individuals and small groups globalizing themselves  Unlike globalization 1.0, 2.0, globalization 3.0 will not be built exclusively around the group of White Western individuals who dominated first two years of globalizations.  Individuals and small groups of every color of the rainbow will be able to plug and play - 10 days of flatten the world (10 flatteners; refer to the handout) Changing World - Globalization through countries, firms, and individuals - Era I (1492 to 1800) – Spearheaded by countries: power to deploy - Era II (1800 to 2000) – Spearheaded by companies: decreased cost of transportation and telecommunications - Era III (2000 - till date) – Spearheaded by groups andindividuals: the world is flat Today’s Economic Environment - Globalization: o Integration of regional economies, societies, and cultures through globe spanning networks of exchange  Now exchanges take place at a global level. People are no longer restricted to dealing with their local resources o Heightens competition, offers new opportunities  The expansion of the exchange networks, new opportunities emerge in relation to business processes, supply chains, consumer base etc o Enhances the value of information to the firm
More Less

Related notes for MGCR 331

Log In


OR

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit