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The world is flat

Chapter 4: The Great Sorting Out Kristen Mense Salvatore Licata Matthew Menoyo. The world is flat. Friedman is compared to Karl Marx’s Communist Manifesto Friedman wasn’t the first person to observe the flattening of the world.

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The world is flat

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  1. Chapter 4: The Great Sorting Out Kristen Mense Salvatore Licata Matthew Menoyo The world is flat

  2. Friedman is compared to Karl Marx’s Communist Manifesto • Friedman wasn’t the first person to observe the flattening of the world. • “the inexorable march of technology and capital to remove all barriers, boundaries, frictions, and restraints to global commerce” • Capitalism is the catalyst to a flat world. -Marx • Capitalism helped drive IT innovation because it gave everyone almost the same opportunities. Knowledge is out there – it’s just a matter of tapping into it. -Friedman Friedman vs. Marx

  3. “…the debate about capitalism has been, from the very beginning, about which frictions, barriers, and boundaries are mere sources of waste and inefficiency, and which are sources of identity and belonging we should try to protect.” • This is where the real problem comes in - in drawing lines and boundaries that determine what barriers to keep throughout the world. • It is important that structure be preserved. • What barriers do you think we should keep? Friedman vs. Marx (cont.)

  4. Indiana needed new software • Project too big for any Indiana company to handle • India’s bid was $8.1 million lower than the second place bid from New York • “…an Indian consulting firm won the contract to upgrade the unemployment department of the state of Indiana!” India vs. Indiana: Who is Exploiting Whom?

  5. Do you agree with Governor Kernan’s cancellation of India’s contract? Would you rather spend $23.3 million to hire a domestic firm? (compared to India’s $15.2 million) India vs. Indiana: Who is Exploiting Whom? (cont.)

  6. In order for companies to be successful, they need to align themselves with the flat world. • Use of ten flatteners to cut costs • Can no longer operate within one single country Because companies are expanding globally, it’s hard to determine which company belongs to what country. Ex. IBM and Lenovo Where Do Companies Stop and Start?

  7. “This new Chinese-owned computer company headquartered in New York with factories in Raleigh and Beijing will have a Chinese chairman, an American CEO, an American CPO, and a Chinese CFO, and it will be listed on the Hong Kong stock exchange.” • Is this good for business or will it have repercussions down the road? • Is it more important to have profit or a national affiliation in this flattening world? Where Do Companies Stop and Start? (cont.)

  8. In-forming Flattener • Google is taking over the information world • Ex. Colin Powell could do his job as well as his secretary’s • On the job 24/7 with use of Blackberrys and PDAs From Command and Control to Collaborate and Connect (Cont.)

  9. Wal-Mart vs. Costco Wal-Mart is more focused on cutting costs Insure only 45% of its workforce, and still pay as much as $264 in monthly premiums While Costco focuses more on taking care of its employees Insures 96% of its eligible full-time and part-time employees Sorting out – are you on the side of the consumer (low prices) or the employee (benefits)? Multiple Identity Disorder

  10. Intellectual property • Sell, license, and cross-license patents • Incentive for innovation • More cross licensing = more innovation • Ex. PCs • Technology is driven from collaborating with other people which increases the need for more open-source collaboration. Who Owns What?

  11. What do you think is best for the future: patents or open sourcing? Who owns what? (Cont.)

  12. Death of a Salesman • Cutting out the “fat” of the business • Ex. 411 - going from human operators to computerized voices • Salesman no longer meeting with retailers in person • Social aspect of business is gradually being cut out due to technology Is it all about cutting costs, or do you still want to preserve the face-to-face aspect of business?

  13. Which values do you feel are the most important to preserve? • Low costs, national identity, benefits, face-to-face contact, etc. • This issue needs to be addressed soon in order to determine how we will govern our emerging global economy. Conclusion

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