Information Technology in International Business by Kara Page - Updated September 26, Many companies are changing the way they do business internationally by utilizing the latest advancements in information and communication technology. New devices like smartphones and tablet computers, the latest software and media applications, and the popularity of social networking sites make it easy for businesses to communicate with colleagues and customers around the world, evaluate product performance and sales, and market and promote their products more effectively, all of which play an increasingly large role in international business. Communication Information technology is largely shared through mobile devices; laptops, PDAs and smartphones are now common in any workplace. These devices make it possibly for companies to instantly share updates and new product releases not only within their company, but with affiliates, shareholders, colleagues and competitors anywhere in the world.
Partnerships are being formed with people from diverse cultures as business relationships are formed. Each country and cultures within a country bring communication challenges to businesses.
Good communication practices help maintain these intricate business dealings. Bad communication practices can cause loss of business and even international tension among countries.
Communication is intricately blended with non-verbal communication and etiquette. Understanding Culture Because cultures vary so widely across the globe, understanding the differences in culture is vital to the business environment.
For example, in Japan people do not like to say the word "no.
This can cause confusion. Another cultural example is in Saudi Arabia. In Saudi Arabia, you may be having a business meeting and the person may leave the room for up to 20 minutes. The Saudi person may have gone to prayers as he considers the business meeting more of a discussion than a formal meeting.
Communication Errors Understanding the local meaning of a word or phrase is a vital aspect of international communication. Errors can cause embarrassment and can show disrespect.
According to Kwintessential, a communication company, an example of a communication error occurred with the Kellogg company. It was selling a cereal product in Sweden.
The cereal name, Bran Buds, can generally mean, "burned farmer," in Sweden.
Another example is the ad, "Come Alive with Pepsi," by Pepsico. In Taiwan, the translation became, "Pepsi brings your ancestors back from the dead. Making an error in etiquette can cause a business deal to fail. For example, when you are meeting with a group of people from the Asian culture, you have to be aware of hierarchy issues.
If you disagree with an idea presented by a person in management, it is not a good idea to say so in front of subordinates.
The manager "loses face," by what is perceived as criticism. Written Communication In the Western World, business is handled by phone calls and emails. Less formal communication can cause confusion and misinterpretation due to language differences.Understanding the Importance of Culture in Global Business The companies that will see growth in the coming decades are mastering how to do business across cultures.
Technology Commercialization; International Trade; The Role of Technology in Business. An Original Article from regardbouddhiste.com Technology in business is a growing necessity. As the years go by, the business world is leaning more and more toward it, making it almost impossible to separate the two from each other.
Technology as a Business. Jun 11, · In an effort to realize these goals, a number of international organizations (IOs) have been established. The GATT and WTO. Barriers to trade, including tariffs and quotas, are challenging for international businesses, as they can adversely affect international trade .
Important ways in which technology is facilitating International Business are as follows: Technology is beneficial to international business.
It may be stated that lowering of trade barriers has made globalization of markets and production a theoretical possibility, technology has made it a practical reality.
Understanding the Importance of Culture in Global Business The companies that will see growth in the coming decades are mastering how to do business across cultures. Resource management plays a crucial role in business success.
When it comes to medium or large organisation, it is very hard for the top management to manage all the resources manually.