Globalization 3.0

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Globalization 3.0 by Mind Map: Globalization 3.0

1. Outsourcing

1.1. A company that contracts with another company to provide services that might other wise be performed by inhouse employees.

1.1.1. New node

1.2. Allows companies to take care of other business issues while having the details taken care of by outside help.

2. Offshoring

2.1. Offshoring simply means having the outsourced business functions done in another country

2.2. Russia, Ireland, Czechoslovakia and Poland have also surfaced as popular offshoring destinations for specific job's

3. End of the Cold War

3.1. The fall of the Berlin wall.

3.2. it allowed people from other side of the wall to join the economic mainstream.

4. Steroids

4.1. Steroids are personal digital devices like mobile phones, iPods, personal digital assistants, instant messaging, and voice over Internet Protocol

4.2. can be used at anywhere, anytime by anyone

5. Supply Chaining

5.1. The best example of supply chaining would be Wal-Mart

5.2. New node

6. Workflow Software

6.1. The idea that technology is becoming so advanced that it can actualy commmunicate and react to eachother in the work place.

6.2. "the genesis movement of the flat world"

7. uploading

7.1. Communities and businesses can now upload and collaborate on online projects.

8. informing

8.1. "Never before in the history of the planet have so many people – on their own – had the ability to find so much information about so many things and about so many other people," writes Friedmen.

8.2. The growth of search engines are enaling billions of information going out daily.

9. internet

9.1. The internet allows billions of information to be sent out everyday.

10. insourcing

10.1. Insourcing is a business practice in which work that would otherwise have been contracted out is performed in house.

10.2. Insourcing often involves bringing in specialists to fill temporary needs or training existing personnel to perform tasks that would otherwise have been outsourced.