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Key Developent Essay

1419 words - 6 pages




Which have been the key developments in your area of study in the last 20/30 years and which developments do you think there will be in the future?

The management of business operations for an organization that conduct the business in more than one country. International Business is all commercial transactions private and government between two or more countries. Private companies undertake such transactions for profits; governments may or may not do the same in their transactions. These transactions include sales, investments and transportation. International business becomes important ...view middle of the document...

This essay will outline major developments in international business management in last 20/30 years, i.e changes due to technology, increased globalization and changes in marketing planning. It will also look at expected future changes, import and export and doing business reducing wastage and more productive.

First, technology has been developed that has made information preparation and dissemination inexpensive. This technology has taken the form of low-cost, high –speed digital and cable video and data transmission, hardware that produces information quickly and easily, and the development of software that makes prepration, data and communication tools available to individuals who previously did not have access to needed information. With these technology developments, time, space, and other temporal constarints to information have been reduced. Advances in Technology have allowed for the safe storage of a huge amount of data, has eased communication with clients, the workforce and other stakeholders. Alberti and Katie (2013) states that stay in front of innovative bend hold onto new advances as intends to enhance the organization's main concern both monetarily and socially basically organizations utilizing engineering put the right information in the right hands at the correct time on the right gadget for the right assignment. Moreover, incorporating more social networking and results help to enhance correspondence and cooperation, utilizing to advanced advances hope to be joined with everybody and everything, at whatever time, anyplace.

While these progressions have fundamentally affected all that we do, including the way we live, they have had emotional effects on business. They have wiped out the old model that accepted data is lavish. Today anybody, equipped with the right programming, might be a "bookkeeper" and produce monetary data. For example, in past not simple to keep information long time in light of the fact that basically was paper documents and need more space to keep yet most recent two decades advances of innovation simple and quick. Besides, simple to convey customers, stakeholders and served to create business do to feature conferencing, working together and gathering on the web. Another example, in past doing the business but lot of files and paper work, and lots of space to keep safe those files but IT revolution makes it easy and collect huge amount of data and less space.

A Second major development that has significantly impacted business has been globalization. Quicker strategies for transportation, faster methods of transportation and relevant information have allowed world in one giant place. For example, the world knows about the products and can act on these products instantly. Levitt (1983) states that customers can these days purchase produce from outside firms as simply as they can from a natural store. Affiliation, for example, finished engines need to concern not just...

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