Management Information System Research Paper Example | Topics and Well Written Essays - 500 words - 1

Management Information System - Research Paper Example Organizations are so involved in reaping the benefits afforded by this highly globalized society, that they are now compelled to bear the repercussions of the same. The internal as well as external organizational environment has changed significantly due to the presence and use of Information technology. It has not only made access of firms to international markets easier and faster, but also offered immense support to such firms with regard to managing and learning to manoeuvre the anxieties and proliferation of data in the most effective manner possible (Oz, 2008). Increased investment in multinational ventures, by local and private businesses back home, including airlines, financial institutions and even grocery stores, have made it all the more crucial to rely on these global networks for information. This is imperative for local businesses operating beyond their local and national geographical boundaries, as international dimensions begin to permeate the local corporate structures, gradually compelling such firms to adopt a more globally viable approach to business and make respective changes in their advertising and marketing policies in a way that is more acceptable to its growing multicultural customer base (Dlabay & Scott, 2005). Referring to various challenges faced by companies, as they prepare to venture into international markets, Flynn (1994: 142) remarked, that when a company moves into international markets, "the management now faces multilingual and multicultural climates, many different governments with different regulations and political systems. It also finds different currencies, multiple time zones, and many different approaches to IT and IS education". International markets differ from the domestic ones in a broad range of aspects including drastic differences in culture, social expectations, and political and economic laws, on a