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Chapter
21st-Century Corporations
Global
The timeline for the globalization of companies:
Early days: a company that sold goods overseas Middle period: a company that manufactured and sold goods in other countries 21st Century: a company that is able to call on talent and resources around the globe, just as it sells its goods and services around the globe
Speed
Speed in the 21st century company is a business strategy built on a virtual network of suppliers, manufacturers, and delivery firms
PeoplePeople-Driven Enterprises
The successful 21st-century company is one that realizes that it is the people that make up the business Some key challenges for managers of 21st-century enterprises:
Understanding the challenges the enterprise faces Seizing opportunities Managing frustration
Managing People
Responsibilities of all managers:
Staffing Retention Development Adjustment Managing Change
Competitive Strategies
Competitive strategies of the 21st century company
Innovation Quality Enhancement Cost-Reduction Speed
Speed Requires
Highly skilled employees who are time-focused Managers and employees must support change Company culture must support the fast-pace