The Flat, Fast and Deep World
Question A: How have you seen globalization and “the flat, fast, and deep world” provide you or your employer with opportunities they wouldn’t have had previously? Give examples of what you mean.
Speedy analysis of data, Work while on the go, Complex algorithm, more business opportunities, competitive working environment.
The flat, fast, and deep world are three revolutionary stages in the globalization process. The present opportunities to employers and little than before to the employees. The age of the deep world refers to the depth of analytics and interconnectedness of issues. Opportunities provided to employers include the ability to develop complex algorithms for more accurate investment decisions. The interconnectedness of governments also presents open doors to invest overseas, where there are business gaps. For instance, American companies such as Oreo can expand to countries through third-parties. The utilization of labor on the hand is optimal for the employers. Employees can work while on the go. Expenses such as travel and print expenses become minimal as employees can communicate from wherever they are and access company databases from any time (McKinsey & Company, 2019). What Thomas Friedman stresses is the ability to unleash the potential that many individuals have. Thomas terms that capability as the geometry of three sustaining nine and nine sustaining eighty-one.
Question B: How have you seen globalization and “the flat, fast and deep world” impact you or your employer in a negative way? (If you are not currently employed, think about a company of interest to you.)
Globalization and the concept of “flat, fast, and deep world” demand life-long-learning. It is impacting many employees to seek further education while they embrace learning themselves. It is the contemporary determiner for who remains at the top. It shifts relevance to the ability to learn new things daily and keep in place with the contemporary world. Companies such as Google and other giant Silicon Valley companies would have no alternative than to develop complex algorithms. Start-ups as well have to utilize big data to make informed decisions on their investment plans. Companies will find ethical implications too hard to bear. For example, the need to understand the constitutions of various countries and comply accordingly will increase (McKinsey & Company, 2019). By making the constitution too “deep,” the Chinese are technically requesting for life-long learning to access the market. These impacts are impacting people and employers by shifting the code of operating in the world to relevant life-long learning.
Question C: Friedman suggests some upcoming trends. Discuss whether you agree with how they may impact people. Use examples to illustrate your opinion.
The upcoming trends, such as the applications of artificial intelligence, will help humanity. The ability to understand the physiological processes is of value in planning for health. Having technological capability that interconnects the genetic information, the prevailing environments, and available drugs to make decisions on the drugs to use is profound. The upcoming trends of governance, where trust becomes a pillar, will improve the living standards. Giving the case of North Korea, Thomas explains that a lack of trust in governance stifles rapid development (McKinsey & Company, 2019). On the other hand, the comparison of the financial expenditure to both Tunisia and Afghanistan justifies the upcoming trend of society as a determiner of development. Receiving much lesser than Afghanistan, Tunisia is developing faster because of the willingness to develop.
Reference
McKinsey & Company. “Thomas L. Friedman and James Manyika.” The world’s gone from flat, to fast, to deep.” YouTube, uploaded by McKinsey & Company, 4 March 2019, https://www.youtube.com/watch?v=V_yyo5kNtag&feature=emb_logo