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Role of IT in Business - Developments and issues in international business Video Lecture | International Business - B Com
FAQs on Role of IT in Business - Developments and issues in international business Video Lecture - International Business - B Com
| 1. What is the role of IT in business? |  |
Ans. IT (Information Technology) plays a crucial role in modern business operations. It helps businesses streamline processes, improve efficiency, and enhance communication and collaboration. IT systems enable businesses to store, manage, and analyze data, facilitate online transactions, automate tasks, and provide real-time information for decision-making.
| 2. What are some key developments in international business related to IT? | |
Ans. Several key developments in international business are directly influenced by IT. These include the rise of e-commerce, which enables businesses to expand globally by selling products and services online. Additionally, advancements in communication technology have made it easier for businesses to connect with customers, partners, and employees across different countries. Cloud computing has also revolutionized global business operations by providing scalable and cost-effective IT infrastructure and software solutions.
| 3. What are the main benefits of IT in international business? | |
Ans. IT brings several benefits to international business operations. It enables businesses to overcome geographical barriers by facilitating remote communication and collaboration. It also enhances efficiency and productivity by automating tasks and streamlining processes. IT systems provide real-time data and analytics, enabling businesses to make informed decisions. Additionally, IT supports e-commerce, allowing businesses to reach customers worldwide and expand their global market presence.
| 4. What are some issues or challenges faced by businesses in adopting IT in international operations? | |
Ans. While IT offers numerous advantages, businesses also face challenges in adopting it for international operations. One common issue is the complexity of integrating IT systems across different countries, considering varying regulations, languages, and infrastructure. Cybersecurity is another significant concern, as businesses need to protect their data and systems from cyber threats. Additionally, ensuring IT skills and knowledge among employees across different countries can be a challenge.
| 5. How can businesses address the challenges related to IT in international operations? | |
Ans. To address the challenges related to IT in international operations, businesses can take several steps. They can partner with IT consultants or service providers specializing in international operations to navigate the complexities of integrating IT systems across different countries. Implementing robust cybersecurity measures, such as firewalls, encryption, and regular security audits, can help protect data and systems. Businesses can also provide training and support to employees to enhance their IT skills and ensure consistent knowledge across different locations.
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