Navigating Information Technology Management and Communication in the Research Paper

Navigating Information Technology Management and Communication in the new global economy - Research Paper Example In order to undertake these strategies communication effectiveness becomes a determining factor. Effective communications and information technologies can enable an organization to make a successful acquisition and enter a foreign market or even share workers with other organizations. The downside of this is that there are many issues that may dodge the realization of such benefits. Some of these issues that pose challenges include language barriers, cultural differences and security risks in the form of economic fluctuations and social unrests (Frynas and Mellahi, 2011). This paper investigates and identifies information technology and communication challenges and then provides recommendations in form of the best practices so that organizations can dodge these potential for failure. Information technology has been growing exponentially in the last three decades. This has enabled companies to penetrate the markets that were once out of reach. The US, for instance, had its major trading partners in the Western European countries, Australia, and China (Sekkat, 2010). With the growth of information technology and the apparent saturation of the domestic market, business organizations are now looking at emerging markets such as Brazil, India and many Asian and African countries. These countries are increasingly adopting information technologies and this makes them viable business partners (Meyer and Wit, 2004). Their potentials have not been tapped yet and this provides an opportunity for multinational organizations to maximize their profitability. However, the issues that are going to be discussed herein after may necessitate an organization to develop strategies in order to survive in these foreign countries with different languages, diverse cultural backgrounds an d economic environments and volatility. Organizations that have been able to develop business and corporate strategies