Torstar Corporation Torstar Corporation Resource Interdependence Management Presented by Hyun-Young Bahk – ID 99048295 Jessie Y. Shen – ID 99271519 Allen.

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Presentation transcript:

Torstar Corporation Torstar Corporation Resource Interdependence Management Presented by Hyun-Young Bahk – ID Jessie Y. Shen – ID Allen Wong – ID Jay Lee – ID

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. Book Publishing Printing, Publishing, Distribution toronto.com Harlequin eharlequin.com workopolis.com Toronto Star Hamilton Spectator KW Record Guelph Mercury Cambridge Reporter MetroToday Sing 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. Book Publishing Printing, Publishing, Distribution QE Web Printing Distribution Long-Term Contract 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. Book Publishing 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. Book Publishing 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: nder&c=Page&cid= nder&c=Page&cid= [2]Metroland Printing Publishing & Distribution Ltd. Retrieved Feb. 5, 2003 from the World Wide Web: [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: