Question

The digital world is here to stay. How will global business be affected by global business tools? Discuss which are the tools available to companies to become more global and their impact. How would you base the global success of a company on global tools?

Answer 1

Global business :-

Global business is generally referred in the context of international trade in which trade are being carried out with multiple countries in various locations all over the world.

Global business has led to tremedous advancement in the digital technology for global trade and business.

some of the global trades related tools that are rapidly dynamic and used in the day to day busienss of globalalized trade are :

Chat tools

Task management and all in one Management tools

Business analytics tools .

Various applications designed specifically for needs of the trade.

Operation process and marketing tools.

The impact of these tools have become of extreme importance in the success and advancement of trade in a globalised world .

No business can afford to go on with their busienss without internet. Each and every branch associated , becut management , operations or technology involved . All of it needs to be streamlined to keep it up with real time data structure and for Swift problem location and it's eradication .

The digital era is having a tremendous impact to the businesses operating around the world as no global business is possible today without the use of new age business tools.

A company's success is directly related to it's integration and involvement of digital presence. Various business tools are of much importance because it provide just that . The success of the also depends on the marketing strategies and company's brand appeal to the local and international market as well. Business tools are must to identify these key areas and to develop a marketing and operating plan. In doing busienss this way, the new product would definitely reach a higher return on investment.