Question

Discuss the effects of various forms of technology on international business. What role does the Internet play? Where is all this leading?

Answer 1

We are now living in global information society and ease of communication has benefited in achieving the same. Because of this reason the companies has to incorporate their strategic planning as well as their daily operations. The globalization is largely increased by rapid development in communication technology as well as information. Globalization is facilitating the global production network. And the consequences are that global diffusion of technology is increasing to link part of the value-added chain in various nations. The communication between consumer and electronic Commerce in the world is increasing. The issue raised by internet is Consumer Protection, intellectual property ownership, taxation etc.

The role that internet is playing, it is creating a web enabled field which facilitates the multiple form of collaboration. Through the internet the information can be shared at Real Time. The coordination and corporation among the companies are increasing because of the real time data and communication. Global hiring, diversity management, targeting customers etc are increasing with the help of internet.

So this is leading to techno globalism for corporations. and global information society.