Use this Active Review to verify that you understand the ideas and concepts that answer the study
questions. QID-1 How does the global economy affect organizations and processes?
Describe how the global economy has changed since the mid-20th century.
Explain how the dot-corn bust influenced the global economy and changed the number of workers worldwide. Summarize why the idea that the world is flat gained momentum and why that notion is incorrect.
State how the lack of a “flat” world presents business opportunities. Summarize the ways in which today’s global economy influences the five competitive forces.
Explain how the global economy changes the way organizations assess industry structure. How does the global economy change competitive strategy? How do global information systems benefit the value chain?
Using Figure 2- 61111 (page 44) as a guide, explain how each primary value chain activity can be performed anywhere in the world.
