Globalization

Q1: Define Globalization 1.0, 2.0, 3.0 and provide a sample of the type of business data managers collected during each era. Globalization 1.0 started in 1492 when Columbus set sail and lasted until about 1800. As it’s in our book, in this era countries dominated by white men controlled businesses, mainly about governments and countries. The various colonizing peoples were concerned about the extent of their individual power and the best way to extend their influence. The power of individual nations began to be felt in many places on the globe. Sample data during this era would be what politicians are mainly interested in. as a business owner, data mainly about demand of product in particular region (as its the time before global market). Globalization 2.0 started in 1800 during the industrial revolution and lasted until 2000. This era was about multinational companies. During this era international companies ran by white men had power over business. Data collection in this era would be like demand of product, raw materials needed, labor needed to manufacture the product etc. Globalization 3.0 started in 2000 and is continuing through this day. This third era is all about the world coming closer together, becoming something like a global village. we all have become part of global market, businesses are ran over the internet. In this era people of all colors from all parts of the world dominate business. Data collection is this era is very different and broad. we are now part of this era which is part of the global economy, businesses have customers across the world, and have systems that can collect data about overseas customers demands. Companies have manufacturing plants and offices in different parts of the world and are still well connected via internet.

Q2: Explain Friedman’s flat world and the reasons it is important for all businesses, small or large, to understand. Friedman says that the world is integrating and growing smaller at an