Causes of Globalization 3.0

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Causes of Globalization 3.0 by Mind Map: Causes of Globalization 3.0

1. Insourcing

1.1. The business practice of using current personell or resources for new tasks and projects.

2. Internet

2.1. Internet is a global system of interconnected computer networks that use the standard Internet Protocol Suite(TCP/IP) to serve billions of users worldwide.

3. Informing

3.1. To impart information to; make aware of something

4. Work Flow Software

4.1. Allows people to work together with users of other computer systems.

5. Outsourcing

5.1. A massive world flattener occured from a relationship between two countries; America and India. The PC, the internet, and fiber-optic cable formed outsourcing. Business operations and various works of information can be outsourced anywhere in the world.

6. End of the cold war

6.1. The Fall of the Berlin Wall occured November 9, 1989 and ended the Cold War and led to the flattening of the world. The Fall of the Berlin Wall gave many people new oppurtunities and was the beginning of a chain of new freedoms.

7. Steroids

7.1. "Steroids" allow anybody to connect to the internet from anywhere and make their productivity increase.

8. Uploading

8.1. Uploading: can refer to the sending of data from a local system to a remote system such as a server or another client with the intent that the remote system should store a copy of the data being transferred, or the initiation of such a process.

9. Supply Chain

9.1. A supply chain is the system of organizations, people, technology, activities, information and resources involved in moving a product or service.

10. Offshoring

10.1. means having the outsourced business functions done in another country. Frequently, work is offshored in order to reduce labor expenses. Other times, the reasons for offshoring are strategic -- to enter new markets, to tap talent currently unavailable domestically or to overcome regulations that prevent specific activities domestically