hi..we met again!!!!today I would like to tell you all about the topic "The Competitive Business Environment and the Emerging Digital Firm"

We have discuss the topic "Managing The Digital Firm" and we have go through four powerful worldwide changes that have altered the business environment, as below:

Globalization

• Management and control in a global marketplace
• Competition in world markets
• Global work groups
• Global delivery systems

Rise of the Information Economy

• Knowledge- and information-based economies
• New products and services
• Knowledge: a central productive and strategic asset
• Time-based competition
• Shorter product life
• Turbulent environment
• Limited employee knowledge base

The growth of the information economy

Transformation of the Business Enterprise

• Flattening
• Decentralization
• Flexibility
• Location independence
• Low transaction and coordination costs
• Empowerment
• Collaborative work and teamwork

Information technology capital investment 1980-2003

Emergence of the Digital Firm

• Digitally enabled relationships with customers, suppliers, and employees
• Core business processes accomplished via networks
• Digital management of key corporate assets
• Rapid sensing and responding to environmental changes

*make me feel HRIS become more challenge!!! @.@

~MANAGING THE DIGITAL FIRM~