MGCR 382 Lecture Notes - Lecture 18: Containerization, Outsourcing, Radiography
16 Jan 2018
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Lecture 20 - november 14th, 2016 (pcl p 217-233) The firm as a value chain: an mnc outperforms its rivals when it performs more value, relative to price, to its customers. Outsourcing : externalizing - when a firm externalizes certain functions, focusing on only core competencies, cede low value or less strategic activities to external specialists, benefit from industry best practices. In-housing : internalizing, develop, extend, and leverage firm"s capabilities, preserve flexibility and make quick adjustments, retain control of intellectual property (ip) Reshoring : bringing operations back within the business (internalizing, automation, 3d printing makes labour costs less significant, being closer to the market, faster response, shorter logistics, proximity for r&d and manufacturing, reputation boost. Managing the value chain: mnc"s competitiveness depends on efficiently distributing value activities and linking them so different parts become a single whole, distributing value activities around the world involves configuration, and linking them involves coordination. Lecture 21 - november 16th, 2016 (pcl p 301-316)
