Professional Documents
Culture Documents
Activity No......... 2
Activity No......... 2
Q:1What would be some of the key drawbacks or risks of living in the flat
world of Globalisation 3.0 as Friedman describes it?
As per Friedman, Flat world is a platform, where there is no barriers and
people can work, communicate and collaborate across boundaries.
However, there are some disadvantage or hazards of living in the flat
world of Globalisation 3.0, which are discussed below:
1) Business ethics reduce freedom of organisation. For example,
multinational company shift into developing country to reduce cost.
2) Different people have different thoughts.
3) If there are no boundaries, then people can do whatever they want.
This means, they create their own rules to trade.
Q:2 Do you agree with Friedmans iron rule of the flat world? Explain.
Yes, I agree with Friedmans iron rule. The rule said like that when world is
Flat, whatever can be done will be done. And it will be done by only you.
Due to advancement of new technologies, people can do whatever they
want. For example, Southwest Airline started a website where people could
go online to download and print their own bar coded boarding passes. So,
individual should become his own ticket agent. So, people may change to
learn something new and do what they like.
In Short, Global brand and new technology will not create a uniform
level across the world.
For example, Dominos does not march people in to its outlet at the point of
gun. If people take this things, it is because they select to, not globalisation
is forcing them to select these things. However, I do not think that these
fears may decrease some data because data is only theory not practical.
Yes, the concept of high and low culture can be applied to other of business.
Companies increase globally and they are entered to new market and thus
inter culture communication and trade endures to play an important role in
their success in the marketplace. Culture knowledge is important in business
because culture impacts every marketing aspect of business. Moreover, with
the help of advertising, business can communicate with people.