, which has facilitated "Internetizer technologies" to work together with limitless information all by itself (Freidman, 2006).
Therefore, the initial three flatteners formed the novel stage for cooperation, and the subsequent six have been the novel shapes of cooperation that flattened the world. The last flattener is referred to as "the steroids," and these have been regarded as "wireless-access" along with "voice-over-Internet-protocol (VoIP)." The steroids have accelerated these novel kinds of cooperation, which has allowed "Internetizer technologies" to execute anyone of them, from anyplace in the world, using any tool (Freidman, 2006).
Triple Convergence
The first convergence took place when all ten flatteners united around the beginning of the new millennium. This formed a worldwide, Internet-enabled in performing ground that permitted manifold kinds of cooperation on R&D and work, regardless of not only geography and time but also distance and language. It has been the formation of this platform, with its exceptional characteristics, that is the truthfully significant sustainable penetration that has made this world flat (Freidman, 2006).
The second convergence is the reality that the world is now at the initiation of learning to what Freidman (2006) "horizontalizing" ourselves. Both the business world, as well as, the consumer world is departing from a phase where value had been formed almost wholly in "command & control" warehouses, and entering into a phase where value is will be formed by "connect & cooperate," horizontally (Freidman, 2006). Since, the world is moving away from a "vertical-value-production-model" towards a "horizontal-value-production-model," "Internetizer technologies" has got to change the manner in which it conducts its business and reinvent itself so as to stay competitive in this fast-growing technological world.
The third convergence is that just as the world had become flattened, accidentally, three billion people (from India, China, along with the former Soviet Union), who had not been part of the global economy in any significant way rushed into the playing ground. While only 10% of the population is computer literate, this 10% amounts to a workforce of 300 million, which is twice the amount of workers in United States. This has created a pattern of outsourcing from the West to India and China, predominantly. The straightforward theory is that this "triple convergence" of this world with these novel online business procedures, with these three billion novel players, has become the defining moment of the new millennium (Freidman, 2006).
Since both China and India are moving to the top, "Internetizer technologies" has got to not only set up R&D plants in India and China, but also capture these markets by creating custom-designed products for them specifically. In ten years, "Internetizer technologies" should not only be "made in China/India" but also be "designed in China/India," as well as, "sold in China/India." Furthermore, "Internetizer technologies" investment in on-job education will be crucially significant its success in the growth and development of novel and high value-added Internet tools. Investments in not only education but also innovation will be elemental as will the formation of a competitive workplace atmosphere and targeted rewards for employees.
Challenges to developing and implementing "Globalization 3.0" capability
Strategic Aims
Internetizer technologies" should work insistently to retain its hold in each and every strategic sector at the same time as work through all short-term challenges or dangers to the firm's market. Furthermore, the company should introduce the right HR programs so as to attract the most high-quality workforce and allow managers to work to re-create and revitalize themselves as competitive contestants in the quickly transforming global economy (Barca and Becht, 2001).
Also, at this point in time it is essential for "Internetizer technologies" to create regional growth and development plans. Taking on regional strategic planning is a very important requirement to productively achieve comprehensive strategic development planning. The regional development plans ought to then become part of a wide-ranging "Global Development Plan (Barca and Becht, 2001)."
Tactical Aims
Internetizer technologies" should strive for innovation. Innovation will enable it to augment the value of its products, invigorate established markets, enter novel markets, respond to competitive infringement, test novel technologies, and design substitute applications for present products, etc. For "Internetizer technologies" innovation is not a fashion, it is a requirement as it must acclimatize to altering contest, marketplaces, and technologies (Barca and Becht, 2001).
Furthermore, it should evolve its information and communications infrastructure in a way, which allows its workforce, systems, procedures, and the functions within to interrelate, commune, and manage their dealings in more dissimilar ways and with superior accurateness, efficiency, and awareness...
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