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Questions and Answers
What percentage of the sales price is Apple's profit?
What percentage of the sales price is Apple's profit?
What are the factors associated with Apple's upstream activities?
What are the factors associated with Apple's upstream activities?
What percentage of wages paid to workers for assembling Apple products comes from China?
What percentage of wages paid to workers for assembling Apple products comes from China?
Which company ranked first by market capitalization in 2024?
Which company ranked first by market capitalization in 2024?
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Which of the following industries did ExxonMobil mainly operate in during its peak?
Which of the following industries did ExxonMobil mainly operate in during its peak?
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What major advantage is emphasized in the competitive environment of the 20th century?
What major advantage is emphasized in the competitive environment of the 20th century?
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In the context of disruptive innovation, what is a factor contributing to uncertainty in the 21st century?
In the context of disruptive innovation, what is a factor contributing to uncertainty in the 21st century?
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Which company was considered the largest by market capitalization in 2010?
Which company was considered the largest by market capitalization in 2010?
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What economic factor is suggested to have a longer cycle under the 20th-century environment?
What economic factor is suggested to have a longer cycle under the 20th-century environment?
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Which sector does not appear in the ranking of global largest companies according to the timeline provided?
Which sector does not appear in the ranking of global largest companies according to the timeline provided?
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What is a key characteristic of disruptive innovation in the 21st-century competitive environment?
What is a key characteristic of disruptive innovation in the 21st-century competitive environment?
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The globalization paradox highlights a conflict between which two elements?
The globalization paradox highlights a conflict between which two elements?
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What challenge does globalization present to businesses operating internationally?
What challenge does globalization present to businesses operating internationally?
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Which of the following factors exemplify significant differences that remain among countries despite globalization?
Which of the following factors exemplify significant differences that remain among countries despite globalization?
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What is one consequence of the winner-take-it-all economy facilitated by disruptive innovation?
What is one consequence of the winner-take-it-all economy facilitated by disruptive innovation?
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Why is managing the balance between globalization and country differences crucial for firms today?
Why is managing the balance between globalization and country differences crucial for firms today?
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What challenge does increasing nationalism pose to companies engaged in global business?
What challenge does increasing nationalism pose to companies engaged in global business?
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What is a characteristic feature of the current international business landscape?
What is a characteristic feature of the current international business landscape?
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What characterizes the global scope of competition in international business?
What characterizes the global scope of competition in international business?
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How does the 4th industrial revolution primarily differ from the previous industrial revolutions?
How does the 4th industrial revolution primarily differ from the previous industrial revolutions?
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Which factor is NOT considered a source of competitive advantage in the 20th century?
Which factor is NOT considered a source of competitive advantage in the 20th century?
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What is a key implication of the 4th industrial revolution for global competition?
What is a key implication of the 4th industrial revolution for global competition?
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What does the term 'knowledge economy' primarily refer to?
What does the term 'knowledge economy' primarily refer to?
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Which of the following activities is part of the downstream activities in a value chain?
Which of the following activities is part of the downstream activities in a value chain?
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What is NOT a feature of knowledge-based economies as described in the context?
What is NOT a feature of knowledge-based economies as described in the context?
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What does the globalization paradox refer to in the context of international business?
What does the globalization paradox refer to in the context of international business?
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What challenge does the shift in the global competition landscape pose for businesses?
What challenge does the shift in the global competition landscape pose for businesses?
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What describes the value chain in a knowledge-based economy?
What describes the value chain in a knowledge-based economy?
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Study Notes
The 4th Industrial Revolution
- Industry 4.0 is marked by the convergence of technologies such as the internet, artificial intelligence (AI), and automation, transforming industries.
- This revolution is driven by technological advancements and fosters a knowledge-based economy.
- Implications of Industry 4.0 include increased global competition due to the rise of disruptive innovation, globalization paradox, and the shift in competitive advantage from tangible assets to intangible resources.
Knowledge-Based Economies
- Value Curve shifts towards knowledge-based economies from the industrial revolution era.
- Intangible resources such as technology, brands, and customer service are increasingly important in the 21st century.
- Value chain activities are evolving with greater focus on R&D, design, software, and content creation (upstream) compared to manufacturing (downstream).
- Apple iPad example: Product design, software, and marketing contribute significantly to the value of the product, while manufacturing costs remain relatively low.
Global Competition
- The Top Global Companies have shifted from industrial giants to technology and information-based companies.
- Disruptive innovation challenges traditional business models, products, and technologies, leading to shorter product life cycles and increased competition.
- Globalization Paradox: Companies must balance the need to operate globally with the need to adapt to national differences.
- Country Differences in culture, political systems, legal frameworks, and economic development continue to pose challenges for international businesses.
International Business (IB)
- Challenges in IB: Global competition, country differences in political economy, cultural differences, resource variations, and currency fluctuations create complexities for international companies.
- IB focus: Balancing globalization forces with country differences is essential for success in the international market.
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Description
Explore the key concepts and implications of the 4th Industrial Revolution, emphasizing the importance of technologies like AI and automation. Understand how knowledge-based economies are reshaping value curves and competitive advantages, moving from tangible to intangible resources. Through examples like Apple iPad, discover the evolving value chain activities in today's economy.
