torstar corporation torstar corporation resource interdependence management presented by hyun-young...
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Torstar CorporationTorstar CorporationResource 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 Symbiotic resource interdependencies Competitive resource interdependencies Conclusion and Recommendations
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, …
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
Torstar Corp’s Domains
Multimedia
Newspaper
Torstar Corp.
BookPublishing
Printing, Publishing, Distribution
toronto.com
Harlequin
eharlequin.com
workopolis.com
Toronto StarHamilton SpectatorKW RecordGuelph MercuryCambridge ReporterMetroTodaySing Tao Daily
Symbiotic Resource Interdependencies
Suppliers: – News articles, novels, etc. – Paper, ink, printers, etc.
Distributors: – Bookstores, book warehouses, etc. – Newspaper distributors, newspaper vendors, etc.
Symbiotic Resource Interdependencies
Book publishing relatively stable field
use informal methods
long-term contract Newspaper
competitive field use formal methods takeover
Symbiotic Resource Interdependencies
Simon &Schuster
Multimedia
Newspaper
Torstar Corp.
BookPublishing
Printing, Publishing, Distribution
QE WebPrinting
Distribution
Long-TermContract
Takeover
Competitive Resource Interdependencies
Newspaper Industry– Hollinger, Thompson (The Globe and Mail),
Quebecor (The Sun), etc.
Multimedia– Bell Globemedia, Rogers Communication, etc.
Competitive Resource Interdependencies
Newspaper industry
competitive & uncertain
formal linkage mechanisms
alliance & takeovers Internet media
new & uncertain
formal yet cost-effective linking mechanisms
joint ventures
Competitive Resource Interdependencies
Multimedia
Newspaper
Torstar Corp.
BookPublishing
Printing, Publishing, Distribution
Black Press
Metro International
Sing Tao Holdings
Strategic Alliance(Minority Ownership)
Strategic Alliance(Joint Venture)
MetroToday
Strategic Alliance(Joint Venture)
Sing Tao Daily
Competitive Resource Interdependencies
Multimedia
Newspaper
Torstar Corp.
BookPublishing
Printing, Publishing, Distribution
Bell
sympatico.ca
toronto.com
workopolis.com
women.com
eharlequin.com
Strategic Alliance(Joint Venture)
Strategic Alliance(Joint Venture)
Strategic Alliance(Joint Venture)
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
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