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【正文】 st tailormade production feasible ? Use of new technologies often means reanizing the firm around these technologies Government ? In some areas traditional regulation has been relaxed (deregulation of airlines, trucking, financial services) ? Regulation has increased in other areas (health care, workplace safety, discrimination, environmental protection) Government ? Government support for basic research and mercialization of R D projects ? Intergovernmental treaties and agreements create regional free trade zones Business Today ? Strategies that were effective when petition was essentially domestic do not work well in globally petitive times ? Internal structure of firms have been changing, with firms focussing on their core businesses and leaving the rest to specialists ? Traditional hierarchies within anizations have been weakening Business Today ? Advantage of large scale production diminished in some areas ? Advances in puting and munication long with industry standards have enabled plex coordination over long distances ? The role of the general manager has changed as the structure of the business anizations has changed Infrastructure in Emerging Markets ? The variation seen among 1840, 1910 and 2023 can be seen to exist today when we look at cross section of countries ? Unlike the advanced nations, many developing nations still lack transportation and finance infrastructures ? Businesses are reluctant to invest in countries where corruption, cronyism and conflicts are rampant Business Conditions and Strategy ? Vertical integration was not needed in 1840 since scale of production was small ? Vertical integration trend is being reversed today since puter and munication technologies make plex coordination of tasks possible ? In some instances “virtual corporation” begins to make sense Business Conditions and Strategy ? Business conditions change over time and so do the optimal strategies ? Principles needed to arrive at successful strategies do not change ? Recipes change from period to period but principles behind the recipes do not
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