Understanding Business
Understanding Business
11th Edition
ISBN: 9780078023163
Author: William G Nickels, James McHugh, Susan McHugh
Publisher: McGraw-Hill Education
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Chapter B, Problem 2CT
Summary Introduction

To think critically about: Impact on world trade due to better communication across borders.

Introduction: Information technology is the study of computers which helps to keep, maintain, recover, and transmit information.

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Here in this scenario, you are  a speaking partner organization. It is an organization that is a  language exchange platform. Briefly describe several of your nearest and greatest competitors for language exchange platforms. What are their strengths and weaknesses? What can you learn from how they do business, their pricing, advertising, and general marketing approaches? How do you expect to compete? How do you hope to do better?  ​Could you introduce your company leaders and their qualifications and responsibilities within your business? You can also include human resources requirements and your company's legal structure. As well as investors and board members, if applicable.​
The Internet has made distances shorter and the world smaller. This massive network of networks connects millions of computers together globally and allows anyone, anywhere to communicate by computer as long as both (or all) are connected to the Internet. Statistics indicate that there are 2.4 billion Internet users around the world, nearly one-third of the world’s population. One of the challenges the many different languages spoken by Internet users. 1: As the title says, is the Internet a necessary ingredient of the global world? Why or why not? 2: As managers look to exploit the benefits of the Internet, how might their geographic location have an impact?
Communication has undergone a revolution in the past 20 years. Today, using various technologies, executives can speak with offshore subsidiaries in host countries on a 24/7 basis. Often these executives do not have a deep cultural or social understanding of the region or the host country.   1. What are some of the common issues which get in the way of understanding. Use the model of communication to answer this question.  2.This easy communication has also allowed executives in head offices to impose their own decision making onto the managing executives in the host countries and in many situations over ruling the decisions of the host country executives. Comment whether this is positive or a negative for the MNC.
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