*NEW* Unit 5 International Business: P6 - Explain how business support systems enable a selected business to trade internationally
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Course
Unit 5 - International Business
Institution
PEARSON (PEARSON)
*Certified High Graded Work*
Unit 5 International Business: P6 - Explain how business support systems enable a selected business to trade internationally.
C2 International business support systems • The influence of the internet, e.g. speed and ease of communication, changes to business pro...
A business support system (BSS) is an essential component for firms like Tesla since it provides
a variety of services that help to simplify business operations to enable business to run more
easily while enabling firms to save money and cut costs when operating within the global
marketplace . For instance, BSS assists in managing the supply chain, finance, customer
relationships, and communication between different parties like suppliers, customers, and
government bodies. BSS helps overcome the obstacles of global trade such as linguistic barriers,
currency exchanges, and cultural discrepancies, enabling companies to broaden their reach and
grow on a worldwide scale.
The influence of the internet
The introduction and growth of the internet and e-commerce has transformed how firms
operate and compete in the global marketplace, with new innovation allowing business to
capitalise on the demand of business to operate internationally with more ease. Companies can
now access consumers and do business on a worldwide scale like never before, thanks to the
ever-present and extensive availability of high-speed
internet. This has created new opportunities for
companies of all sorts, ranging from small start-ups to
major international firms. Businesses can readily
connect and work with partners, suppliers, and
consumers from all over the world thanks to the
internet, which has eliminated previously existing
obstacles to entry. The potential to do business
online is a massive benefit of the internet for
international trade. This has made it much easier for
businesses to reach clients in foreign countries, since they can simply set up a website or sell
their items through existing e-commerce platforms. Online transactions reduce the need for
physical travel and face-to-face encounters, lowering the costs and dangers of international
trade. The availability of real-time information and communication tools is another way the
internet has changed international commerce. Companies may utilise these solutions to keep in
touch with partners, suppliers, and consumers no matter where they are. This makes it easier
to coordinate projects and rapidly address concerns, increasing efficiency and lowering
costs.Tesla is an excellent demonstration of a corporation that has used the internet to develop
internationally. The company's creative goods and usage of internet sales platforms have
enabled it to reach a global audience. Furthermore, Tesla's use of digital technologies to
manage its supply chain has allowed it to adapt swiftly to changes in demand, guaranteeing
that it can continue to develop and prosper in a constantly changing global economy.
, Speed and ease of communication:
The internet has transformed the whole world as a whole, just one being via communication,
making it faster and easier than ever before. People can now communicate information and
ideas in real time, regardless of where they are, thanks to instant messaging, email, video
conferencing, and other digital communication technologies. This enhanced speed and
simplicity of communication has had a significant influence on organisations, allowing them to
interact more efficiently with partners, suppliers, and consumers both locally and abroad.
Improved communication may lead to speedier decision making, more productivity, and higher
customer satisfaction.Tesla, Inc. is an excellent example of a corporation that has profited from
the internet's enhanced speed and simplicity of communication. To keep in touch with its global
network of suppliers, workers, and consumers, the corporation has used digital communication
technologies. This has enabled Tesla to adapt swiftly to changes in demand while maintaining a
high level of efficiency and productivity as it grows into new markets. Furthermore, Tesla's use
of internet platforms to sell its goods and engage with consumers has allowed the business to
reach a broader and more diversified audience than traditional sales channels would have
permitted. This has proven critical to Tesla's success, allowing the business to grow a strong and
loyal client base while also establishing a dominating position in the worldwide electric car
industry. Finally, the internet has profoundly changed the speed and convenience of
communication, allowing businesses to reach out to their consumers and partners in new and
more efficient methods. This has been a significant aspect in Tesla's success, allowing it to
develop and prosper in a quickly changing global industry.
Changes to business processes:
The internet has had a dramatic influence on business procedures, simplifying and streamlining
many parts of running a firm. Digital tools and cloud-based services have altered how
businesses run their operations, from sales and marketing to finance and human resources.
One important area where the internet has simplified things is in the automation of ordinary
chores. Online solutions, for example, may now be used by businesses to automate operations
such as invoicing, payment processing, and customer relationship management. This has
significantly decreased the amount of time and effort necessary to complete these jobs,
allowing personnel to focus on more important objectives. Another way that the internet has
aided corporate operations is by giving real-time information. Companies may now monitor
their operations and make data-driven choices by using web dashboards and analytics tools.
This has substantially enhanced decision making since organisations can now immediately
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