The Impact of Global Communication on Modern Businesses
VerifiedAdded on 2021/05/31
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Essay
AI Summary
This essay delves into the multifaceted world of global communication and its profound impact on modern businesses. It begins by defining global communication as the art of connecting individuals across cultures and continents, facilitated by technological advancements like the internet and applications such as Skype, Facebook, and Twitter. The essay highlights the evolution of global communication, tracing its roots back to the Cold War era and its subsequent adoption by businesses seeking a global market presence. It distinguishes between internal and external communication, providing examples of each. The essay then explores the advantages of global communication, such as expanded market reach, cost savings through sourcing raw materials, and improved communication tools. It also acknowledges the challenges, including potential impacts on local industries and the need to navigate cultural differences. The essay uses Coca-Cola as a case study, demonstrating how a company can successfully embrace and leverage global communication. The essay concludes by emphasizing the importance of adaptability and embracing data measurements and analytics for return on investments.
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