Global sourcing includes moving business activities and domestic jobs associated with them to foreign locations and is fundamentally changing the way firms are organized to compete globally. It is a topic on the strategic agenda of many firms as well as the subject of government policy in several countries and calls for globalization of corporate strategies. Cheap telecommunications enhance data transmission at low costs and stable, secure and high-speed data transmission systems of service activities. This enables firms to separate and geographically disperse different parts of their value chain.
This development in which firms relocate their activities to offshore locations by using different sourcing models and third-party offshore providers calls for them to unlearn deeply embedded structures and organizational processes as well as to adopt a dynamic rather than a static model of defining boundaries. In these organizations, the boundaries of the core organization blend with embedded third-party offshore providers. It allows outsourcing relationships to be an intrinsic part of firms’ business models. This is important, since firms increasingly need to share knowledge resources, surpassing organizational boundaries and including sourcing partners. This way they anchor global sourcing more and more in their overall corporate strategy. This elective focuses on answering the question: How global sourcing can be used by firms to create a competitive advantage? During the elective there will be a combination of lectures, business game and working on cases.
Directors and executives must understand the macroeconomic context and the socio-economic factors that affect the business environment in which they make decisions.
Familiy businesses are at the heart of most countries in the world, with a significant contribution to GDP and employment. However, most of the evidence shows that it is increasingly difficult for a family business to get passed on successfully from generation to generation.
This course is primarily designed for students who plan to get involved with a new venture at some point in their career -- as a founder, early employee, advisor or investor. However, the course is also appropriate for students interested in gaining a broader view of the financing landscape for young firms, going beyond the basics of venture capital and angel financing to look at venture debt, bank finance, corporate venture capital and receivables.
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