World is Flat Quiz

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Questions and Answers

Who coined the term 'Flat World'?

  • Michael Dell
  • Bill Gates
  • Steve Jobs
  • Tom Friedman (correct)

In what year did Tom Friedman introduce the 'Flat World' concept?

  • 2000
  • 2005 (correct)
  • 1995
  • 2010

Globalization 3.0 is characterized by what?

  • Web-enabled collaboration allowing individuals to operate globally (correct)
  • Increased tariffs between nations
  • Company expansion globally
  • Country expansion beyond borders

Which of the following best describes the primary feature of Globalization 2.0?

<p>Companies expanding operations and sales globally. (C)</p> Signup and view all the answers

Which event is identified as opening up the economic mainstream to everyone, contributing to the 'Flat World' concept?

<p>The fall of the Berlin Wall (A)</p> Signup and view all the answers

What is the role of workflow software as a 'flattener'?

<p>It reduces barriers between applications, allowing machines to 'talk' to each other. (A)</p> Signup and view all the answers

What technological advancement significantly contributed to the Dot-com boom and facilitated the digitization of information, as mentioned in the context of 'flatteners'?

<p>Investments in Fiber (A)</p> Signup and view all the answers

Which of the following is most closely associated with the concept of 'Open Sourcing'?

<p>Free software and collaborative online projects like blogs and Wikipedia. (C)</p> Signup and view all the answers

How do companies like Walmart utilize 'supply chaining' as a 'flattener'?

<p>By streamlining and controlling their entire sales, distribution, and shipping processes (A)</p> Signup and view all the answers

What is 'In-forming' as described in the context of globalization?

<p>The use of search engines to find information. (D)</p> Signup and view all the answers

In the context of globalization, how is 'insourcing' best defined?

<p>Companies performing new services internally. (B)</p> Signup and view all the answers

What role do digital devices play as 'the Steroids' in the context of the 'Flat World'?

<p>They amplify and accelerate collaboration and information access (A)</p> Signup and view all the answers

What is the primary characteristic of Globalization 1.0?

<p>Countries expanding beyond their borders (B)</p> Signup and view all the answers

According to the 'Flat World' concept, what is the impact of globalization on economic playing fields?

<p>It levels the playing field, giving all competitors an equal advantage. (B)</p> Signup and view all the answers

Which of the following is the most accurate definition of 'offshoring'?

<p>Outsourcing to other countries and continents (C)</p> Signup and view all the answers

How did the convergence of 'flatteners' around 2000 impact the global landscape, according to Friedman?

<p>It created a new, flatter, global playing field. (C)</p> Signup and view all the answers

What key shift in collaboration methods accompanied the Triple Convergence?

<p>A move from mostly vertical collaboration to more horizontal methods (D)</p> Signup and view all the answers

According to the Triple Convergence, what was a major demographic shift?

<p>Several billion new people came out on the labor and innovation field, mostly from China, India and the former Soviet Empire (C)</p> Signup and view all the answers

Which of the following is NOT one of the 'flatteners' that contributed to the 'Flat World'?

<p>Central planning (B)</p> Signup and view all the answers

What is the primary impact of the 'Triple Convergence' on global business and collaboration?

<p>It promoted the adoption of web-enabled tools and decentralized decision-making processes. (D)</p> Signup and view all the answers

What best describes the relationship between globalization and the 'Flat World'?

<p>Globalization is a process that leads to a more level playing field, as described by the 'Flat World' concept. (C)</p> Signup and view all the answers

Which of the following scenarios best exemplifies the impact of workflow software as a 'flattener'?

<p>A company utilizes workflow software to streamline operations. (B)</p> Signup and view all the answers

Which of the following is the best example of how 'The Steroids' (digital devices) contribute to globalization and the 'Flat World'?

<p>A small company in India can instantly communicate and collaborate with clients and partners around the world, enhancing its global competitiveness. (C)</p> Signup and view all the answers

Why is the fall of the Berlin Wall considered a 'flattener' according to Friedman's 'Flat World' theory?

<p>It opened up the economic mainstream to more countries. (B)</p> Signup and view all the answers

What fundamental shift characterizes the transition from Globalization 2.0 to Globalization 3.0?

<p>Individual Empowerment (C)</p> Signup and view all the answers

Which of the following factors is NOT a component of Friedman's Triple Convergence?

<p>The expansion of European empires and colonization (B)</p> Signup and view all the answers

How has the rise of 'In-forming' affected the accessibility of information for individuals and businesses?

<p>A made it easier for anyone to find needed information. (A)</p> Signup and view all the answers

What is a potential challenge resulting from the 'flattening' of the world?

<p>Increased need for specialized skills to compete in the global market (D)</p> Signup and view all the answers

What describes offshoring or outsourcing on the leveling of the economic fields?

<p>They level the economic fields by increasing the global competition and encouraging innovation. (C)</p> Signup and view all the answers

What scenario explains how Open Sourcing contributes to innovation on the global scale?

<p>Several developers in different countries work together on a software. (B)</p> Signup and view all the answers

How might supply-chaining impact small businesses?

<p>Supply-chaining increases competition for local small businesses. (A)</p> Signup and view all the answers

How do digital devices, or 'Steroids', promote level economic fields?

<p>Enabling for everyone, regardless the country or social-economic status, communication and collaboration with external stakeholders. (A)</p> Signup and view all the answers

How the transition from Globalization 2.0 to 3.0 has increase the pressure for governments?

<p>Governments need to improve the quality and the coverage of broadband internet to enable its country to be involved on the global competence. (B)</p> Signup and view all the answers

Before "The Triple Convergence" which factors characterized globalization?

<p>Few players. (A)</p> Signup and view all the answers

Why 'Workflow software' promotes a flatter work?

<p>Requires collaboration between different backgrounds and professionals. (A)</p> Signup and view all the answers

Which of the following is a characteristic of insourcing?

<p>Decreased specialization. (B)</p> Signup and view all the answers

What is the primary goal of offshoring from the perspective of flattening global economics?

<p>Reducing the cost of production. (A)</p> Signup and view all the answers

What is a strategic challenge associated with supply-chaining as a flattening influence?

<p>Dependence on foreign markets. (D)</p> Signup and view all the answers

How does more Internet usage lead to a 'flat world'?

<p>Facilitating worldwide communication regardless of location. (D)</p> Signup and view all the answers

What trend has driven a shift from more vertical styles of collaboration to more horizontal styles?

<p>Internet. (C)</p> Signup and view all the answers

Flashcards

Flat World

The concept that globalization is leveling the economic playing field, allowing all competitors to have an equal advantage.

Globalization 1.0

Countries expanded beyond their borders (1492-early 1800s).

Globalization 2.0

Companies expanded globally (1800s-2000).

Globalization 3.0

Individuals can operate on a global scale(2000-current) through web-enabled collaboration tools.

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Flattener #1

Opens up the economic mainstream to everyone. Walls came down, and "Windows" went up.

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Flattener #2

Dot.com boom and >$1T investments in Fiber - everything goes digital.

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Flattener #3

Reduces barriers between applications enabling machines to "talk" to each other.

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Flattener #4

Free software that people upload and collaborate on via online projects.

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Flattener #5

Companies split and offload services to achieve new efficiencies.

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Flattener #6

Outsourcing to other countries and continents.

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Flattener #7

Companies streamline and control entire sales, distribution, and shipping.

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Flattener #8

Companies perform new services, like UPS repairing Toshiba laptops at UPS hubs.

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Flattener #9

Search engines allow people to find info on things and people.

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Flattener #10

Digital devices enable connectivity.

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Triple Convergence #1

The flatteners converge and work together to create a new, flatter, global playing field.

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Triple Convergence #2

Businesses and people adopted new habits, skills, and processes, moving from vertical to horizontal collaboration.

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Triple Convergence #3

Several billion new people came out on the global playing field, primarily from China, India, and the former Soviet Empire.

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Study Notes

Flat World

  • In 2005, Tom Friedman coined the term "Flat World".
  • The term was coined in Friedman's book "The World is Flat: A Brief History of the 21st Century."
  • Tom Friedman is an author and columnist for the New York Times.
  • Friedman is considered one of the top five most influential business thinkers by the WSJ.
  • Globalization is leveling the economic playing fields, so all competitors can have an equal advantage.

Globalization

  • Globalization 1.0 occurred from 1492 to the early 1800s and involved countries expanding beyond their borders.
  • Globalization 2.0 occurred from the 1800s to 2000 and involved companies expanding globally.
  • Globalization 3.0 started in 2000 and is ongoing; web-enabled collaboration tools allow individuals to operate on a global scale.

The 10 Flatteners

  • The first three "flatteners" created a platform for global collaboration.
  • The first "flattener" was the fall of the Berlin Wall on 11/09/89, which opened up the economic mainstream to everyone; walls came down, and "Windows" went up (Microsoft and Apple graphical OS's).
  • The second "flattener" was Netscape on 8/9/95, which led to the Dot.com boom and over $1T investments in fiber, and everything went digital.
  • The third "flattener" was workflow software, which reduces barriers between apps, and machines "talk" to each other.
  • The next six flatteners were all newly emerging forms of collaboration.
  • The fourth "flattener" is open sourcing, specifically free software where people upload and collaborate on online projects like blogs and Wikipedia.
  • The fifth "flattener" is outsourcing, where companies split and offload services to achieve new efficiencies.
  • The sixth "flattener" is offshoring, which is outsourcing to other counties and continents.
  • The seventh "flattener" is supply chaining, where companies like Wal-Mart streamline and control entire sales, distribution, and shipping.
  • The eighth "flattener" is insourcing, where companies like UPS perform new services, and UPS employees repair Toshiba laptops at UPS hubs.
  • The ninth "flattener" is in-forming; Google and other search engines allow people to find information on things and people, and there are 1 billion searches per day.
  • The tenth "flattener" is the digital device, like mobile phones, iPods, and PDAs.

The Triple Convergence

  • The first convergence occurred around 2000, when the flatteners converged and worked together to create a new, flatter, global playing field.
  • The second convergence involved business and people adopting new habits, skills, and processes; they moved from mostly vertical collaboration to more horizontal methods.
  • The third convergence involves several billion new people coming out on the field, mostly from China, India, and the former Soviet Empire.

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