Dawn Kitz-Wekerle1 New Words for a New World “The World is Flat”
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Transcript of Dawn Kitz-Wekerle1 New Words for a New World “The World is Flat”
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Dawn Kitz-Wekerle 1
New Words for a New World
“The World is Flat”
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GLOBALIZATION
• The worldwide phenomenon of technological, economic, political, and cultural exchanges brought about by modern communication
• Describes how people and places are becoming more intertwined with each other around the world
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HOMESOURCING
• Moving jobs from the office to the home
• This lowers costs and increases efficiency
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THE NEW “STEROIDS”
• Digital, mobile, and virtual innovations
• Laptops• Cell phones• VOIP {Voice over Internet Protocol
(VoIP), is a technology that allows you to make telephone calls using a broadband Internet connection instead of a regular (or analog) phone line}
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IN-FORMING
• Creation of information sources, such as Google, Yahoo, and MSN, which has allowed people from all over to access information
• Has formed global communities never imagined before
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OUTSOURCING
• Taking internal company functions and paying an outside firm to handle them
• Leads to better service, lower cost, and speedier work
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UNTOUCHABLE
• Someone whose job cannot be outsourced
• Being specialized enough that your position cannot be easily substituted
• Requires constantly upgrading one’s skills
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SUPPLY CHAINS
• The flow of goods, services, information and finances as they move from raw materials to parts supplier to manufacturer to wholesaler to retailer to consumer
• Forces the adoption of common standards
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OPEN SOURCING
• The act of releasing previously proprietary (owned) software under an open source/free software license
• Has made many tools available to people around the world that would not have received them otherwise
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ASSIGNMENT
• Choose one of the vocabulary words presented.
• Find an article in “Business Week” that makes reference to the word.
• Explain its significance.• Report your findings to
the class.