internet

THE INTERNET AND ITS EFFECTS ON INTERNATIONAL COMPANIES

The internet is a crucial device to international Companies. All the activities conducted by the organization to their stake holder’s needs internet device in order for the organization to easily communicate to their potential customer and give them updates of all activities that are taking place in your organization. Small companies will be able to compete more easily in the global marketplace and consumers in emerging markets in particular, will benefit from the expanded range of products, services and information to which the internet will give them access.

Internet carries information as well commerce. The effect of instant information can be as powerful as the ability to reach a worldwide audience. Since the internet has become popular international Companies exchange information has changed drastically. They can now arrange large meetings with suppliers or stake holders through the internet. They can also collaborate with the developers and vendors all over the world inexpensively and with full of exchange of necessary information and all the updates.

The effects of internet on international Companies are;

Companies have the ability to reach international audience for a very low cost. A corporate websites can become a marketing resources for a company that can be accessed by anyone in the world. Social networking websites allow companies to interact with millions of potential clients worldwide at no cost

 The internet allows Companies owners to be more mobile by making it easier to manage a business from anywhere. A Company owner in his/her business trip can stay in real-time contact with his/her office through an online chat function and exchange important documents with any one from any location in the world.

The internet allows international companies owners the freedom to pursue business opportunities while still maintaining control over their business.

Creates an easy communication between the Company and the stake holders. Through the internet they can receive updates of the company and all he activities they are conducting so they get more knowledge about the company’s product or services and hence mutual benefits.

The internet can point the global market for the international companies which place is suitable for their customers and at what price. This helps a company to expand to easily expand overseas markets. These markets help companies to promote their products and services for long-term growth opportunities.

With the internet the Companies can know a lot about their competitors what they do their offers and in what position is their market, so that they can secure a suitable measure to keep and regain the stake holders back in their company.

It is very easy for a customers to import a product to his/her home country without travelling through the internet companies communicate worldwide with their customers and provide their needs in time.

BY MWORIA ANGELA

BAPRM 42642