21st century is the century of Information Technology (IT) and globalization. Information technology is playing its significant role in the betterment of the organizations. This paper explores another very important role of IT on global management i.e., IT helps to redefine the vision of global corporations which is the primary component of global corporate strategy. IT also plays a role in managing the global talent in an environment of cultural diversity and in managing global supply chain management. The paper employs the archival method of reviewing related literature (theoretical, applied and empirical) and organizing and presenting the propositions for future empirical research.