Theconceptof Globalization
The process of increasing interconnectedness
between lots of societies all over the world
Rapidly growing spread of ideas, cultures, and information around the world
International organizations, Non-governmental organizations(NGOs), transnational companies
as important actors in global politics
The more interdependent world economy
Internationalizati
the domestic and the external become blurred.
2) Examples
- In Politics: The Lybian revolution in 2011
- In Society: Global efforts to solve societal problems such as infectious diseases, environmental problems.
- In Economy: 2008 Global financial crisis
2. Regionalization
1) Concept
- High levels of interaction within a region.
- Regionalization has the two components : 'cooperation' and
the character of conflict: international war
Most statistical analyses focus on a much broader range of interstate disputes
COPDAB and WEIS record broadest spectrum of international interactions
MID only records events involving threats, display, or use of armed force.
∴ More attention is required to the aspect and type ofpolitical conflict which should be the focus of work on interdepen
of innovators.
◎ Threats
• Faster Paced Child Development
• Growth ofthe Digital World
• Fashion Trends in the Toy Industry: Toys go in and out of fashion more rapidly; a few products can make or break annual turnover.
• Dependence on Global Mega-Brands: In response to fashion trends, toy manufacturers design offerings base on a concept or story (e.g., Star Wars) a
Open Innovation
Open innovation is a business strategy in which research, development and commercialization can be mutually done outside sources.
2.1.1 Basic Background
Open Innovation does not need IT/IS
Restrictions and nature of open innovation calls for IT/IS
2.1.2 Using the Web
Most common method of using IT/IS for open innovation
P&G executive – “For every P&G researc