MGMT210 - HW4

MGMT210 - HW4 - goals. Business in the United States picked...

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MGMT 210 - 101 HW #4 – 09/14/10 “It’s a Flat World, After All” This was a powerful article that really tried to wake up the American businesses and working class. Since 1989, the United States went from a completely independent nation to one that relies on outsourcing to formulate an efficient business strategy. This wakeup call directly tells of how the “playing field,” business world, went from domination to level. With technological advancements, other countries were able to connect to the United States and other prosperous nations. These once leading countries then realized that doing business in newly connected nations would be more beneficial, due to low labor costs. Therefore, nations like India and China now connect people who adapt to education (even online education) to accomplish set
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Unformatted text preview: goals. Business in the United States picked up, but the employment level dropped significantly. Once the economy took a toll, the businesses took a toll and employment kept decreasing. The United States needs to stop outsourcing so much and develop more, internally. It would boost the economy and give the United States that identity, that lead and vision that it once had before. Until we come to that type of thinking, the dollar will continue losing ground to its counterpart, euro. On September 13, 2010, the Euro stands at .7863eu/dollar, quite a significant difference for nations that were once alike. Unless the economy picks up nationally, there will be no competition with the international companies that the United States outsourced to....
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This note was uploaded on 08/28/2011 for the course MGMT 210 taught by Professor Vivan during the Fall '10 term at UMBC.

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