International business support systems – the impact of the internet

There are support systems that make trading across the world much easier.

The internet has been a game-changer for some businesses. For example, the fact that meetings can be held face-to-face with people on the other side of the world improves communication.

It is easy enough for multinational businesses to hold meetings with geographically dispersed teams and they have no need to set up offices for people to work in.

In virtual shops there are no opening or closing times and customers can buy goods when it suits them.

This technological change in tandem with international payment methods has transformed international trading for businesses.

Pause for thought