Q2: Explain Friedman’s flat world and the reasons it is important for all businesses, small or large, to understand. Friedman says that the world is integrating and growing smaller at an accelerated pace. In a sense, he says, integration is the main point of understanding globalization. He believes, not many Americans understand what has happened to bring about an integrated world seemingly overnight. It’s important for all businesses whether small or large, to understand Friedman’s point of view because it will help them understand the economy and that the business world is changing every day. It is important to understand these changes to run the businesses successfully.
Q3: Demonstrate how students competing for jobs in a “flat world” can create competitive advantages to differentiate themselves in the marketplace. Students can create competitive advantage by studying hard, getting the best grades, getting their foot in the door at the right job, staying in touch with the business world etc. It’s important to bring the competitive advantage by gaining experience and coming up with new ideas that can help the company they work for. Competitive advantage is what sets one different from the other. Students should remember what sets them different from other candidates and work hard to polish those skills.
Q4: Analyze the current business environment and identify a new flattener not mentioned on Friedman’s list. One thing not mentioned in Friedman’s list is the idea of Christianity and Business. After taking the Christianity in Business class and learning the idea of ‘Kingdom Business” I think that this concept will be very beneficial in the Business world today.
Q5: Propose a plan for how a start-up company can use any of Porter’s strategy to combat competition in a global world. After reading Porter’s strategies i realized that following these critical points can help a business run smoothly and successfully. As we are discussing business startup, i’d like to talk about “Choosing a business focus.” From the very beginning, its important to have business focus, which then makes it easier what business is about what is the target...