In: Finance
How might cultural, political, or geoeconomic challenges affect a global company’s use of the Internet? Give several examples in your own words.
Global Company's use of internet might be affected by cultural challenges, we know that different places have different cultures i.e different language, customs , business practices etc so these factors must be taken into account by the Company. eg : countries have different language as a result of which there may be country which do not know English or French so they may not use the internet therefore accordingly the internet must be designed for smooth functioning.
Global Company may also face Political challenges like laws of the country , rules and regulations of the country , government policy, etc may effect the use of internet. eg : some countries may have strict norms relating to use of internet or some sites which cant be accessed or there may be countries with rules like the company must submit all the data transfer i.e all of their work to keep a check on them or they want the company to give the government a share of their profit.
Global Company may also face Geo economic challenges like cost of labor, time differences, infrastructure etc eg: A company in England and Australia. both of them are in different timezone as a result of which work cannot be carried out simultaneously.or a company of England is having a branch in Kenya now Kenya may not have the proper infrastructure to use the internet .