Module 5

Colton Bybee

2/14/2015

Ist 1100

Module 5

The triple convergence to me is part of flatting the world as far as the business side goes. It makes most business level there playing field. To play on the same field as everyone else. The triple convergence can also be where business start a new trend. For example in the book The World is Flat by Thomas L Friedman he talks about South West Airlines creating a way for people who are flying to buy tickets online or be able to use a e-ticket. Now days you can even download and use an app to find a flight, buy the flight and then use your phone to scan in at the airport. There are many more example of companies that have the triple convergence. Another example is Amazon. Amazon to me is a great example. They have created an online mega store where people say if you can’t find it on Amazon than it doesn’t exist. For me I always check Amazon first. It is usually cheaper and you can stay in the comforts of your own home and have it shipped to you within two business days. They have changed the way many companies operate and their ability to lower their prices and shipping cheaper and faster. Amazon also has tapped into the movie streaming center. This is another example of the triple convergence and another example of flatting the world. You don’t even have to leave your home anymore to buy, rent or stream a movie.

The story of the India and Indiana. A company in India won the Bid to handle claims for a company in Indiana. So who is the exploiter and who is the exploited the exploiter is the business in Indiana who was trying to us the companies in India to make money. So the Exploited is the company in India. Many people may think both of them failed at what they were trying to accomplish but I feel as if the company in Indiana knew what they were doing in the beginning and tried to use a company in India to their advantage at any cost of some other company. Than the Company in India got caught up in the mess and tried to pull a fast one. They both where caught. When doing business it is important to so it the right way.

Intellectual property is the right and or the patents to something which you have created. This is important because it stops copy wrights. It allows people to make something and not have someone else make the same thing off of your idea. I believe it is important because without it in my option people could just wait for something to come out that was cool and a hot idiom that everyone wants and that just copy it and make it for cheaper. The basic reason for it is money. Who gets to claim the rights of a creation, Because of intellectual property you hear of company getting sued over this or that. One company thinks another company copied there plans. Or one cell phone company created a phone to close to one that already exist. In my option this is important for us as consumers as well. I believe because of this, we as consumers get a better product.