international business opportunities and challenges in a flattening world pdf

International business opportunities and challenges in a flattening world pdf

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International business : opportunities and challenges in a flattening world

International Business: Opportunities and Challenges in a Flattening World

International Business: Opportunities and Challenges in a Flattening World

International Business: Opportunities and Challenges in a Flattening World

Friedman that analyzes globalization , primarily in the early 21st century.

This book is available with FlatWorld's Homework System at no additional cost to your students. Learn more. The authors stress the importances of seeing borders as bridges, and not barriers, as they encourage entrepreneurship and discuss strategy.

International business : opportunities and challenges in a flattening world

Friedman that analyzes globalization , primarily in the early 21st century. The title is a metaphor for viewing the world as a level playing field in terms of commerce, wherein all competitors, except for labor, have an equal opportunity.

As the first edition cover illustration indicates, the title also alludes to the perceptual shift required for countries, companies, and individuals to remain competitive in a global market in which historical and geographic divisions are becoming increasingly irrelevant.

Friedman is a strong advocate of those changes, calling himself a "free-trader" and a "compassionate flatist", and he criticizes societies that resist the changes.

He emphasizes the inevitability of a rapid pace of change and the extent to which the emerging abilities of individuals and developing countries are creating many pressures on businesses and individuals in the United States; he has special advice for Americans and for the developing world. Friedman's is a popular work based on much personal research, travel, conversation, and reflection. In his characteristic style, through personal anecdotes and opinions, he combines in The World Is Flat a conceptual analysis accessible to a broad public.

The book was first released in , was later released as an "updated and expanded" edition in , and was yet again released with additional updates in as "further updated and expanded: Release 3. In his book The World Is Flat , Friedman recounts a journey to Bangalore, India , when he realized globalization has changed core economic concepts. Friedman termed the period Globalization 3. Friedman recounts many examples of companies based in India and China that, by providing labor ranging from that of typists and call center operators to accountants and computer programmers, have become integral parts of complex global supply chains ; such companies are Dell , AOL , and Microsoft.

Friedman's capitalist peace theory called Dell Theory of Conflict Prevention is discussed in the book's penultimate chapter. Friedman repeatedly uses lists as organizational devices to communicate key concepts, usually numbered and often with provocative labels. Two example lists are the ten forces that flattened the world, and three points of convergence. Friedman believes that to fight the quiet crisis of a flattening world, the US workforce should keep updating its work skills.

Making the workforce more adaptable, Friedman argues, will keep it more employable. He also suggests that the government make it easier for people to switch jobs by making retirement benefits and health insurance less dependent on one's employer and by providing insurance that would partly cover a possible drop in income when changing jobs.

Friedman also believes there should be more inspiration for youth to become scientists, engineers, and mathematicians because of a decrease in the percentage of those professionals who are American. According to Friedman:. The Dell Theory stipulates: No two countries that are both part of a major global supply chain, like Dell's, will ever fight a war against each other as long as they are both part of the same global supply chain. That is, as long as corporations have major supply chain operations in countries other than that corporation's home country, those countries will never engage in armed conflicts.

This is because of the economic interdependence between nations that arises when a large corporation such as Dell has supply chain operations in multiple global locations and when developing nations in which supply chain operations commonly take place are reluctant to give up their newfound wealth. In his previous book The Lexus and the Olive Tree , Friedman argued that no two nations with a McDonald's franchise had ever gone to war with one another; this was known as the Golden Arches theory.

Later, Friedman upgraded that theory into the "Dell Theory of Conflict Prevention" by saying that people or nations do not just want to have a better standard of living as symbolized by a McDonald's franchise in their downtown but also want to have that lump of the labor sector that is created by globalization.

That is, developing nations do not want to risk the trust of the multinational companies that venture into their markets and include them in the global supply chain. Thomas Friedman also warns that the Dell theory should not be interpreted as a guarantee that nations that are deeply involved in global supply chains will not go to war with each other. It means, rather, that the governments of those nations and their citizens will have very heavy economic costs to consider as they contemplate the possibility of war.

Such costs include long-term loss of the country's profitable participation in the global supply chain. This theory relates with how conflict prevention occurred between India and Pakistan in their — nuclear standoff , wherein India was at risk of losing its global partners.

The relationship between the People's Republic of China and Taiwan was also cited as an example of that theory: both countries have strong supply relations with each other, and a war between the two seems very unlikely today. The World Is Flat received generally positive popular and critical reception as well as some negative criticism, peppered with doubt. The Washington Post called the book an "engrossing tour" and an "enthralling read".

The review closed with, "We've no real idea how the 21st century's history will unfold, but this terrifically stimulating book will certainly inspire readers to start thinking it all through". Some critics have pointed out that the book is written from an American perspective. Friedman's work history has been mostly with The New York Times , and that may have influenced the way the book was written — some would have preferred a book written in a more "inclusive voice".

Nobel Prize -winning economist Joseph Stiglitz has been critical of Friedman's book:. Friedman is right that there have been dramatic changes in the global economy, in the global landscape; in some directions, the world is much flatter than it has ever been, with those in various parts of the world being more connected than they have ever been, but the world is not flat Not only is the world not flat: in many ways, it has been getting less flat.

In it, Gray confirms Friedman's assertion that globalization is making the world more interconnected and, in some parts, richer but disputes the notion that globalization makes the world more peaceful or freer. Gray also declares, "least of all does it make it flat".

Geographers on the whole have been particularly critical of Friedman's writings, views influenced by the large body of work within their field demonstrating the uneven nature of globalization, the strong influence place still has on people's lives, and the dependent relationships that have been established between the have and have-not regions in the current world-system. From Wikipedia, the free encyclopedia.

For other uses, see The World Is Flat disambiguation. This article includes a list of general references , but it remains largely unverified because it lacks sufficient corresponding inline citations. Please help to improve this article by introducing more precise citations. October Learn how and when to remove this template message. Dewey Decimal. Stiglitz : Making Globalization Work.

Pink May Retrieved The Financial Times Ltd. Retrieved 31 July Washington Post. The Washington Post. Accessed Why the world isn't flat. Foreign Policy. Atlantic Monthly. Fortune Magazine. Categories : non-fiction books Books about globalization Texts related to the history of the Internet. Hidden categories: Articles lacking in-text citations from October All articles lacking in-text citations All articles with unsourced statements Articles with unsourced statements from December Articles with unsourced statements from March Namespaces Article Talk.

Views Read Edit View history. Help Learn to edit Community portal Recent changes Upload file. Download as PDF Printable version. Original 1st edition cover. Farrar, Straus and Giroux. Print Hardcover and Paperback and audio-CD. Longitudes and Attitudes. Hot, Flat, and Crowded. Wikiquote has quotations related to: The World Is Flat.

International Business: Opportunities and Challenges in a Flattening World

Description : The book provides exploration into building, leading, and thriving in global organizations in an increasingly flat world. The authors define 'Flat world' as one where 1 service industries that dwarf manufacturing industries in terms of scale and scope, 2 an Internet that pervades life and work, and 3 networks define modern businesses, whether service or manufacturing. Home page url. Download or read it online for free here: Download link 6. Corporate Governance and International Business by David Crowther, Shahla Seifi - BookBoon Corporate governance has gained tremendous importance in recent years, due to the developments brought about through through the emergence of global norms for corporate governance. Good governance reduces risk and facilitates its management.

Globalization is a term used to describe how countries, people and businesses around the world are becoming more interconnected, as forces like technology, transportation, media, and global finance make it easier for goods, services, ideas and people to cross traditional borders and boundaries. Globalization offers both benefits and challenges. It can provide tremendous opportunity for economic growth to improve the quality of life for many people. Globalization creates opportunities for many countries to experience economic growth. Economic growth is the increase in the amount of the goods and services produced by an economy over time.

International Business: Opportunities and Challenges in a Flattening World

We introduce a special collection of papers on COVID and international business policy that looks at the global policy challenge from different perspectives. The combination of confinement and protectionist measures including export bans, import tariffs and border closures that were introduced in response to the COVID pandemic affect MNEs by increasing trade costs and amplifying the costs of communicating tacit knowledge. Physical distancing limits the face-to-face meetings that undergird the production of intangibles in large urban hotspots.

International Business: Opportunities and Challenges in a Flattening World

Challenges and opportunities for organizational behavior are massive and rapidly changing for improving productivity and meeting business goals. Although the problems with organizations and the solutions over the ages have not changed, the emphasis and surrounding environmental context certainly have changed. Although the resulting lean and mean organizations offered some short-run benefits in terms of lowered costs and improved productivity, if they continued to do business, as usual, they would not be able to meet current or future challenges.

Publisher: Saylor Foundation. The text covers a wide range of topics that are important and timely to international business. Instructors who teach international marketing should also find the text helpful. Nonetheless, the text does not provide index or glossary. Comprehensiveness rating: 4 see less. The content is absolutely unbiased and accurate at the time of writing.

International Business: Opportunities and Challenges in a Flattening World, 1e

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