International Business and Communication company

International Business Communication Technology header imageIn his book The World Is Flat, New York Times columnist Thomas Friedman describes how the world has become “flat” – meaning that, thanks to the personal computer and the innovations it spawned, instantaneous communication around the globe is possible.

Nowhere has this change had more impact than on the international business community. Because of the technology now available, a worker in a cube in the United States can be working closely with someone in India, China or anywhere else in the world. Truly, the economy has become global.

2 individuals conversing - imageBelow are five technologies changing the way companies do business in the United States and around the world. These technologies are having a far-reaching impact. Meanwhile, innovation continues. The one certainty, however, is that globalization is here to stay, and those who want to thrive will have to learn how to navigate in businesses not just in their home state but around the world.

Overcoming Obstacles: The Barriers Faced in International Business

From the ancient Roman empire and beyond, corporations have been doing business across countries. But until recently, crossing borders brought with it some inherent difficulties.

Communication

The most obvious challenge faced by companies doing business internationally is language. According to the Linguistic Society of America, there are more than 6, 000 languages spoken in the world today. Not all of those are common in international business — even in some of the world’s largest economies. But hundreds of languages are spoken. In the past, the inability to effectively communicate led to confusion, frustration and isolation.

Now, translation technology is making communication easier than ever. Companies can expand their reach and maintain good communication without being limited by the language ability of their workers.

headset with microphone - image hand holding mobile phone - image Generic graph indicating upward growth - image satellite - image

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Q&A

avatar
What are the challenges in international business?

Read your text books for the proper test questions.  My experience shows the following things to be the biggest challenges:
1. Cost
2. Control
3. Risk
4. Time
5. Cultural awareness and your ability to over come your own organization's cultural willingness to work with overseas customers/partners
I hope that helps.  Good luck on your efforts.
Mike...
east.west.pm@gmail.com


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