InBus Week 1

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Flashcards	7
Language	English
Category	Micro-Economics
Level	University
Created / Updated	12.01.2024 / 12.01.2024
Weblink	https://card2brain.ch/box/20240112_inbus_week_1
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Name 3 social megatrends!

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Sustainability
Wellness
Aging population

Name 5 consequences of globalization!

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financal contagion
job losses & offshoring
loss of national sovereignty
environmental degradarion & polution
loss of national culture

What are 3 consequences of globalization at firm-level?

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product/service quality is no longer a differentiator
conventional business model are easily disrupted
Companies have to focus data-driven models that support the costumers in their decision making

Name 4 risks of international business

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commercial risk
country risk
cross-cultural risk
currency risk

name the 5 phases of the socio-economic develpoment

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Agriculutral economy (until 18th century)
Industrial economy (ages of machines)
service economy (age of computer until 2000)
knowledge economy (age of information until present)
4th industial revolution

name the 5 phases of globalization!

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1830-1900 Steam powered tech., increased manufactering & trade
1900-1930 Rise of electricity & steel production,
1948-1970 GATT, Marshall plan, reduction of trade barriers, development of global capital markets
1980-2006 privatization of enterprises, revolution of transport, growth of emerigng markets
2007-present rise of digital technologies, boost in manufactering & efficancy in international trade,

What are the 4 Characteristics of the 4th industrial revolution?

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Automation
Internet of thing (IoT)
AI
Digitalization

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