Assignment 6

Blog Assignment 6: Discuss the implication(s) of the notion of flat world for knowledge-based companies.

According to Friedman, knowledge based companies are going to continue to be succesful in a flat world. Friedman says the best way to stay up with and ahead of the competition is to stay open minded and continue to have new ideas. This is basically what knowledge based companies already do. Some companies use their knowledge and aqcuire their knowledge in different ways but the goal for all knowledge based companies is the same. This goal is to have new ideas that improve the efficiency and overall success of the company. Friedman also talks about how new technologies often times make operations more difficult instead of making te operations easier and more efficient.

In todays industrys, everyone has a full supply and technologies and different options for every part of their business. Knowledge based companies are driven to more creative than their competitors. This creativity helps define the successful companies. Companies must be willing to listen to their customers and they have to br brave enough to make changes to fit their customers needs even if it is not the most popular or most update way of doing things.

According to Friedman, exploring socially responsible outsorcing is one way to help a company. Knowledge based companies that encourage social responsibility understand that employees have to be treated fair. Employees have to have a competitive salary and other benefits that keep them happy and learning.