Opening case questions.

1. Globalization 1.0: (1492-1800’s) “you went global through your country”. countries began to flatten the world, going global for various reasons. Globalization 2.0: (1800’s - 2000) Generally, companies go global. “ you went global through your company”. companies tried to find cheaper labor, batter market.

Globalization 3.0: ( Present) Individuals. “ Individuals of every color of the rainbow, who will be able to plug and play”.

2. He says the world is flat, it is like saying the world is shrinking. He is not talking about the physical shape of the earth, but rather the state of international relations. He is saying that the “ global economic playing field is being leveled”. He talks about how the world has changed and progressed within the time. Therefore, it is important for all businesses, small or large, to understand how does the market works in order to stay in the market. If the company failed to do so, it may be difficult to compete with a competitors.

3. American children will increasingly be competing head to head with Chinese, Indian, and Asian kids for the jobs. Critical thinker and ability to adding value to an organization will be essential to differentiate for the students. The students may require to obtain higher education and specialize in various different field.

4. After I finished watching the video, some of the information that been provided by Friedman was an extraordinary, which I’ve never observe in that perspective. Looking over the current business environment is an more efficiency and profitable due to the globalization.

5. A start-up company can use one of porter’s threat a new entrants because it is easy for new company to enter a market and low when there are significant entry barrier to entering a market. Today, start-up company have a more advantages to enter in the market