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  • Globalization, we've all agree that globalization

  • is now something we've embraced.

  • This is now an integrated economy and people

  • have to learn to see the world now,

  • not just as a local market, not just as a regional market,

  • not as a national market but as an international or global market.

  • There will be changes that will naturally have to happen because this

  • is a tremendous transformation we're going through economically.

  • People will win, people will lose. It will make us sharper, honestly.

  • Did you see the thing Steve Ballmer put out, I think a Bloomberg,

  • the last issue of Bloomberg Businessweek.

  • He talked about how when Microsoft was always in the lead,

  • he didn't have to try very hard but now that

  • they are lagging in several industries;

  • they are now becoming entrepreneurial again.

  • It's something that really gave me a lot of

  • faith because as you are challenged further,

  • I think you become greater at acting entrepreneurially.

  • Any other questions, please.

  • You indicated that a lot of the opportunities are

  • a function of meeting a need in the marketplace.

  • In the next four years,

  • it's estimated that 80% of the growth and wealth in the world

  • will happen outside of the United States and Western Europe

  • and where the average income is roughly $3,000 a year.

  • I suspect the problems they're trying to solve

  • or something that we have no knowledge on. So how do we participate?

  • This is one of the best opportunities I think we face because it challenges

  • us to think through paradigms that we operate within the West.

  • For instance, does healthcare have to be expensive.

  • I've been really inspired by some of the

  • healthcare leaders that are saying,

  • look we are going to act forcefully to serve other people.

  • I think we are going to change fundamentally some of the ways

  • that we operate and the years of haves and have-nots,

  • I think is going to break down.

  • I honestly think that we're changing fundamentally

  • our economic paradigm right now.

  • How do we get knowledge about what needs are - that

  • what we know how to do might be able to fulfill,

  • if we don't in fact have an experience with that need. Right.

  • It's not part of our - the thing we've ever dealt with in our lives.

  • So I think you're speaking to the converted already.

  • How many of you have visited Africa?

  • Raise your hand. How many of you have been to the Middle East?

  • How many of you have been to either China,

  • India or somewhere in the South Pacific?

  • We're solving the problem because people

  • are learning about these challenges.

  • And we have to take it very seriously.

  • How many of you are actually doing projects

  • in areas outside of the U.S.?

  • That's the pattern I want to see.

  • It's not tourism, it's not about the

  • Peace Corps going for six months, it's about doing something. Right?

  • And that's why I am in the entrepreneurship business

  • because entrepreneurship is about doing something.

Globalization, we've all agree that globalization

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Ted Zoller: Adapting to Globalization

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    peter posted on 2013/10/28
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