claims in his book titled‚ ‘The World Is Flat: A Brief History of the Twenty-First Century ’(2005)‚ that globalization and technology has flattened the world to a ‘level playing field’. He analyses the ten ‘flatteners’ or events that happened over a period of around ten years to make the world go flat. The first flattener‚ that Friedman writes about‚ was the Fall of the Berlin Wall in 1989 and end of the Cold War‚ that brought forward the idea of a globalized world‚ where people from either side of
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The world does not have flat feet… Ah‚ a discussion I know something about on a personal level... 1. The advantage of ’knowing the business’ – was that Adida was successful in Europe before coming to the United States and then bought out popular shoe brands in the US to even the ‘playing field’ with Nike. 2. The group most harmed by the buyout was Adida itself in that they underestimated Nike - and their hopes of being Numero Uno did not materialize – even with their other athletic clothing
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GLOBAL BUSINESS STRATEGIES READING REPORT Savannah Benton The World Is Flat by Thomas L. Friedman. Pp. 533-579 April 21‚2015 I. Four noteworthy quotes or key insights from the assigned reading. 1. “I believe that capabilities create intentions. If we create an Internet where people can open an online store and have global suppliers‚ global customers‚ and global competitors‚ they will open that online store or bank or bookshop…The history of economic development teaches this over and over: If you
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day and age that we live in‚ technology is becoming an essential part of our daily lives. The twenty-first century‚ largely dubbed as the “Age of Technology” and also the “Era of Globalization‚” has brought on the feasibility of an interconnected world. Globalization is considered to be the unavoidable wave of the future. A few texts from Kwame Anthony Appiah‚ Marshall Poe‚ and Thomas L. Friedman further elaborate on a few important aspects of globalization. Technology‚ a major part of globalization
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beginning to throw in their boots and let robots do the dirty work” (Briggs). Technology in this world has grown over the past decades and we have become more and more reliant on our technology. Agribots and drones is the newest and latest thing in this world that could really boots our crop productivity. Thomas L. Friedman‚ author of The World is Flat‚ argues that‚ “As an individual‚ in a flat world is figuring out how to make yourself as an ‘untouchable’” (280). He then describes ‘untouchables’
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enrolled in the University of Life‚ become skilled at finding valuable life lessons in all of their experiences. a. True b. False Emotionally intelligent people realize that they are not responsible for the experiences they create in their inner world. a. True b. False People are either born with high self-esteem or they’re not. a. True b. False Everything that you have now is the sum of the you have made in the past. All that you will create in the future is the sum of the you
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its clothing close to home where they are being sold 2. How might SWOT analysis be helpful to Inditex executives? To Zara store managers? Zara is owned by the Spanish fashion retail group Inditex SA. They recognizes that success in the fashion world is based on a simple rule which is getting products to market quickly which involves a clear and focused understanding of fashion‚ the ability to adapt quickly to trends‚ technology‚ and their market. SWOT analysis is helpful to all businesses‚ Inditex
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The video discussion‚ Tom Freedman‚ The World is Flat‚ is about Tom Freedman’s experience of how he learned the world is flat. By this‚ he means that anyone can send their own content to anyone in the world‚ basically for free. Tom believes the global economic playing field is being leveled. He believes this happened by three great eras of globalization. The first‚ globalization 1.0 started in 1492 and lasted until early 1800’s where the world shrunk from large to medium. The Spanish explored the
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In Thomas Friedman’s The World Is Flat‚ he writes about a so-called “triple convergence.” What Friedman is referring to in this “triple convergence” is the combination of “new players‚” a new “playing field‚” and these two things working together to develop “new processes and habits for horizontal collaboration.” (Friedman 211) Together‚ these three pieces are what Friedman believes is “the most important force shaping global economics and politics in the early twenty-first century.” (Friedman 211)
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Chapter Nine Finance: Acquiring and Using Funds to Maximize Value Review Questions 1. What is the key goal that guides the decisions of financial managers? What challenges do financial managers face when they try to find the best sources and uses of funds to meet this goal? The financial mangers goal is acquisition‚ financing‚ and management of assets. The challenges are investment‚ financing‚ and asset management decisions. 2. List the four basic types of financial ratios used to measure
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