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Torstar Corporation Resource Interdependence Management

Torstar Corporation Resource Interdependence Management. Presented by Hyun-Young Bahk – ID 99048295 Jessie Y. Shen – ID 99271519 Allen Wong – ID 99150070 Jay Lee – ID 00064990. Objectives. Resource interdependence management Torstar Corp. ’ s background

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Torstar Corporation Resource Interdependence Management

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  1. Torstar CorporationResource Interdependence Management Presented by Hyun-Young Bahk – ID 99048295 Jessie Y. Shen – ID 99271519 Allen Wong – ID 99150070 Jay Lee – ID 00064990

  2. Objectives • Resource interdependence management • Torstar Corp.’s background • Symbiotic resource interdependencies • Competitive resource interdependencies • Conclusion and Recommendations

  3. Resource Interdependence Management • Reduce uncertainty in acquiring resources • 2 types of resource interdependencies • Symbiotic: dealing with suppliers and distributors • Competitive: dealing with competitors • 2 approaches • Formal: merger, alliances, … • Informal: contracts, cartels, …

  4. Torstar Corp.’s Background • Canadian media giant • Based in Southern Ontario • Focus in newspaper: • Toronto Star, Hamilton Spectator, KW Record, etc. • Other interests • Harlequin, Metroland, Multimedia, etc. • Decision making centralized at the board of director level

  5. Torstar Corp’s Domains Torstar Corp. Book Publishing Newspaper Harlequin Multimedia Printing, Publishing, Distribution toronto.com Toronto Star Hamilton Spectator KW Record Guelph Mercury Cambridge Reporter MetroToday Sing Tao Daily workopolis.com eharlequin.com

  6. Symbiotic Resource Interdependencies • Suppliers: • News articles, novels, etc. • Paper, ink, printers, etc. • Distributors: • Bookstores, book warehouses, etc. • Newspaper distributors, newspaper vendors, etc.

  7. Symbiotic Resource Interdependencies • Book publishing relatively stable field use informal methods long-term contract • Newspaper  competitive field  use formal methods  takeover

  8. Symbiotic Resource Interdependencies Torstar Corp. Simon & Schuster Distribution Book Publishing Newspaper QE Web Printing Long-Term Contract Takeover Multimedia Printing, Publishing, Distribution

  9. Competitive Resource Interdependencies • Newspaper Industry • Hollinger, Thompson (The Globe and Mail), Quebecor (The Sun), etc. • Multimedia • Bell Globemedia, Rogers Communication, etc.

  10. Competitive Resource Interdependencies • Newspaper industry  competitive & uncertain  formal linkage mechanisms  alliance & takeovers • Internet media  new & uncertain  formal yet cost-effective linking mechanisms  joint ventures

  11. Competitive Resource Interdependencies Strategic Alliance (Minority Ownership) Black Press Torstar Corp. Strategic Alliance (Joint Venture) Metro International Book Publishing Newspaper MetroToday Multimedia Printing, Publishing, Distribution Strategic Alliance (Joint Venture) Sing Tao Holdings Sing Tao Daily

  12. Competitive Resource Interdependencies Strategic Alliance (Joint Venture) Bell Torstar Corp. Book Publishing Newspaper workopolis.com Strategic Alliance (Joint Venture) sympatico.ca Multimedia Printing, Publishing, Distribution toronto.com Strategic Alliance (Joint Venture) women.com eharlequin.com

  13. Conclusion and Recommendation • Torstar Corp. is able to manage their resource interdependencies properly • They are in a highly competitive industry • They remain as an industry leader • Torstar should consider more innovative linkage mechanisms • Improve corporate reputation • Reduce transaction and management cost

  14. References [1] Torstar Properties. Retrieved Feb. 5, 2003 from the World Wide Web: http://www.torstar.com/NASApp/cs/ContentServer?pagename=torstar/Render&c=Page&cid=1024322078706 [2] Metroland Printing Publishing & Distribution Ltd. Retrieved Feb. 5, 2003 from the World Wide Web: http://www.metroland.com/front/publishing/other/ [3] The Write News. (2000, Feb. 15) Women.com Networks and Harlequin Launch Site for Romantics. Retrieved Feb. 5, 2003 from the World Wide Web: http://www.writenews.com/2000/021500_women_harlequin.htm

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