Why get a Bachelor’s Degree in International Business?
- September 11, 2020
- Posted by: iNurture
- Category: Blogs
The world has witnessed humongous growth in international trade in the last 50 years. More recently, due to the economic development of countries, change in politics and new technologies, there are more number of tie-ups and investments taking place across the globe. The advent of the internet and digitalization is simply fuelling the growth and taking global business to all-new heights. With new opportunities come new challenges and there is rising demand for a new cadre of qualified professionals who can handle teams in international business environments. These professionals must be smart to understand multiple cultures, the laws, the economy and the local markets in order quickly gain the capability to manage teams and compete in dynamic markets.
This write-up will stress on the need for developing managers who have an international approach and highlight the qualities of a successful international business manager. For aspirants there is information regarding the degree courses that educate students in the field of international business management. Read on to find out.
Importance of International Business Managers in the Modern World
Today, thanks to the internet and trade agreements, businesses are aiming big and breaking their traditional boundaries in search of new markets. Many companies in our country have operations outside India today. There are many international companies which are having their operations in India and require management professionals here to handle teams from different parts of the world. FDI and the digital technology boom will promote the growth of international business and the world is going to shrink in terms of business operations, making it easier for companies to spread their markets.
Management professionals working in international environment should have a set of specialized people management skills, understanding of economy, skills to come up with international business and marketing strategy and understanding of international law and trade policies. These qualities can help business managers lead the companies in new waters. Professionals who perform well in the role can take organizations to new heights and achieve big.
What are the Qualities of International Business Manager?
Management professionals who handle teams in international environments have all the qualities of a business leader such as good communication skills, ability to handle pressure, strong analytical skills etc. In addition to these skills they should have the following qualities when working in international environments.
– Ability to Work in Multicultural Atmosphere
International business managers must quickly adapt to new environments and have the ability to comfortably communicate across different cultures. This requires sensitivity, observational skills, ability to negotiate and create a motivated work environment.
– Ability to Learn Languages
It also helps greatly if the managers are quick in learning new languages. Not that they must become experts in foreign languages, but they must be able to make out how people perceive and respond to various forms of communication, such as body language, the tone of voice etc.
– Global Mind-Set
Most importantly international business managers must have a global mind-set. Though it is quite challenging to have a striking balance between localisation of business for each market while working towards global business principles, the striving towards creating value and understanding people and markets can make a person a good leader.
How to take up a Degree in International Business Management?
There are a few reputed institutions which offer degree programs in International Business Management. The programs include subjects such as Import/Export Management, International Law, International Marketing and Business Negotiation along with internship and seminars which can be crucial for developing global managers. The degrees offered are BBA and BMS with International Business as specialization. Some colleges such as ADYPU in Pune also offer masters degree program in the field. Students who have passed the Class 12 examination from any stream can apply for the degree programs. When taken up from a reputed training institute with good faculty, the degree programs can lead to rewarding careers in various areas including logistics, export/import, forex and foreign sales domains.