Communication and Technology

As technology continues to play an ever larger role in every business transaction, an international manager must learn its applications and uses in international business in order to maintain a competitive edge. One of the first uses of technology for business has been communication first by telex, then fax, and now the internet. These developments have allowed companies to communicate details of sales agreements, including methods of payment and shipping dates as well as transmission of banking and shipping documents. These capabilities have led to the development of guidelines by which communication and transmission are acceptable and verifiable.