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InBus Week 1

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Set of flashcards Details

Flashcards 7
Language English
Category Micro-Economics
Level University
Created / Updated 12.01.2024 / 12.01.2024
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Name 3 social megatrends!

  • Sustainability
  • Wellness
  • Aging population

Name 5 consequences of globalization!

  • 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?

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

Name 4 risks of international business

  1. commercial risk
  2. country risk
  3. cross-cultural risk
  4. currency risk

name the 5 phases of the socio-economic develpoment

  1. Agriculutral economy (until 18th century)
  2. Industrial economy (ages of machines)
  3. service economy (age of computer until 2000)
  4. knowledge economy (age of information until present)
  5. 4th industial revolution

name the 5 phases of globalization!

  1. 1830-1900 Steam powered tech., increased manufactering & trade
  2. 1900-1930 Rise of electricity & steel production, 
  3. 1948-1970 GATT, Marshall plan, reduction of trade barriers, development of global capital markets 
  4. 1980-2006 privatization of enterprises, revolution of transport, growth of emerigng markets
  5. 2007-present rise of digital technologies, boost in manufactering & efficancy in international trade, 

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

  1. Automation
  2. Internet of thing (IoT)
  3. AI
  4. Digitalization

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