International Business Degrees in Today’s Global Marketplace

Published on: 19 August 2019 Last Updated on: 12 September 2024

Globalization, the international business trend toward greater integration among the world’s economies, has recently hit some bumps in the road. In fact, one buzzword you hear nowadays is “globalization.”

Brexit, the pending withdrawal of the United Kingdom from the European Union, has created widespread uncertainty in global markets, as has President Donald Trump’s trade war with China, threats of tariffs against other countries, and repudiation of international trade agreements.

Why International Business Degrees are becoming Important?

Yet some experts say this is good news for those studying international business, whose specialized expertise will be even more critical in a more volatile, less predictable world economy.

Great international degrees like NEIT associate degree programs help confer a wide range of skills on students. There are aptitudes, experiences, and expertise that leading employers around the world are looking for. After students graduate with these top-notch degrees, they are absorbed into different leading and managerial positions by businesses all over the world.

Taking the long view, historians say globalization has been around since the third millennium BCE when Sumer began trading with the Indus River Valley. It expanded exponentially with the collapse of the Soviet Union and the invention of the Internet in the 1990s. So, don’t expect it to go away anytime soon.

Despite some hurdles thrown up by current events, it’s probably inevitable that the world’s economies will become more connected in the future and not less. And this will lead to a wealth of opportunities for experts in international business.

The Benefits of Taking up International Business Degrees

International business studies, from the associate degree to the Ph.D. level, prepare students for a broad range of global business interactions, including:

Imports and exports; the sale and movement of goods across international borders, like the sale of Chilean wine in the United States.
Manufacturing, R&D, sales, and distribution in foreign countries, like the manufacture of iPhones in China.
Foreign licensing and franchising of goods and services, like the opening of Taco Bells in Costa Rica

International business education typically begins with a foundation of general business fields, including finance, economics, management, sales, marketing, etc.

But international business also requires knowledge of the diverse global marketplace; of differing laws, customs, languages, and cultures; of international finance and banking; of import/export policies, trade controls, and the effects of trade on domestic and foreign markets.

Some Contemporary topics that International Business Degrees Cover

Other topics emphasized in international business education include the challenges of global marketing, management, and supply chain logistics. Students may receive training in specialized software and data analysis, ethical and cultural issues, global politics, psychology, public speaking, and entrepreneurship.

In fields related to international business, associate’s degrees generally take two years, bachelor’s degrees take four and master’s degrees usually take two, although a growing number of universities are offering intensive one-year degrees. Doctoral programs tend to take three to six years, depending on whether they are undertaken full- or part-time.

The Standard Time for the Completion of International Business Degrees

Online programs and hybrid programs (a mix of classroom time and digital platforms) are offered in most of the fields relevant to international business, and these are expected to expand considerably in the years ahead.

As in many business fields, internships and other pre-graduation work experience will give international business students a big boost in the eventual search for their dream job. Major advantages can also be gained by learning a second language — especially Mandarin Chinese, Spanish, German, Arabic, and French, though English remains the lingua franca of global business.

Career Options to Explore with an International Business Degree

A wide variety of career opportunities exist for international business specialists, including but by no means limited to:

International economist
International trade analyst
International management consultant
International human resources manager
International operations manager
International marketing director
International sales rep
Import/export specialist
Supply chain manager
Foreign investment adviser

Employers of international business grads include multinational firms, technology companies, import/export firms, oil companies, transportation and shipping companies, banks, hotel chains, NGOs, and more.

You may find employment in your home country with a firm doing business abroad, you may be based in a foreign country, or you may become a frequent flyer who travels back and forth between a domestic headquarters and overseas branches.

So, in addition to that elective course in global supply chain management (not to mention that introductory Mandarin class), it wouldn’t hurt to make sure you have a current passport.

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5 Things Most People Don’t Consider When Starting Their First Business

Today, more people than ever are starting their own first business, but not all of them are successful. In fact, only one in ten startups will survive their first year of trading and go on to turn over a profit. If you’re thinking of starting your own company, it’s important to be prepared for all the obstacles and potential setbacks that you are likely going to face. If you want to make sure that your business is the one in ten that succeeds, it’s vital to be ready for the challenge. For many new business owners, overlooking some important aspects of starting a new company can quickly become their downfall. In order to help you avoid future issues, we’ve put together a handy list of common things people don’t consider when starting their own business. 1. Insurance To Look forward while Starting First business: Starting your first business can be challenging if you do not have enough capital backup. You might assume that liability insurance is unimportant if your business doesn’t deal directly with members of the public. For example, if you’re planning to sell items online, you might not think that insurance is necessary since your customers won’t be visiting your shop in person. However, insurance may be needed depending on the type of products that you are selling, as it will help ensure that you are covered if anything goes wrong. No matter what you’re selling, general liability insurance is essential to protect your company from claims of bodily injury, associated medical costs, or damage to property. 2. SWOT Analysis and Business Plan: You’re probably ready to get started with your business as quickly as possible but failing to put in the right amount of preparation and planning now can cause many issues for you down the line. Take the time to sit down and come up with a business plan that will help you make sure you are on the right track in the future. To be fully confident in your new venture, it’s essential to know that your business is going to work. Completing a strengths, weaknesses, opportunities, and threats (SWOT) analysis will help you position yourself strongly in the market and enable you to plan for the future. 3. Legal Considerations: Before you begin trading, it’s important to make sure that you’re aware of all the legal implications and potential hurdles you could face as a business owner. As an entrepreneur, no matter what kind of business you’re thinking of starting, your line of work is likely going to be governed by a wide range of rules, regulations, and laws that you will need to adhere to. Whether it’s licensing for operation or professional standards that you must meet, you’ll need to be fully prepared for the legal implications of business ownership. It may be worth consulting with a business lawyer before you begin; they will be able to advise you on the best steps to take. 4. Establishing a Reputation: Before you make the leap into starting your own business, it’s a wise idea to set yourself up for success by establishing a reputation for yourself and your brand in the industry. Networking is key to building a strong foundation for yourself and your business, making it easier for you to get your brand off the ground. Connect with industry experts, like-minded entrepreneurs, and potential leads both in-person and online. Use social media platforms such as LinkedIn to get in touch with people who could potentially help you build and expand your network, and don’t be afraid to get out there at trade shows, networking conferences, and other relevant business events. 5. Keep on Top of Admin: Starting as you mean to go on is definitely one of the most important factors when it comes to business admin. Tasks such as bookkeeping, payroll, and inventory management can quickly become unmanageable if you don’t make sure to keep on top of them from the beginning. If possible, you may want to consider outsourcing these tasks – today you can find freelancers or entire companies that you can outsource the work to. This makes it much easier for you to manage since you can rest assured that the work is being handled by professionals with the know-how and experience necessary to support your business success. If outsourcing isn’t possible, there are many alternatives to consider. When it comes to accounting, you can find many free or inexpensive online tools to make the process much easier for you to manage. Take some time to research different software programs that you can use to make managing the admin side of your company easier from the start. When it comes to starting your own first business, it’s important to make sure that you are fully prepared to propel your new brand to success. These are some of the main factors that people don’t think about when starting a new business; don’t fall into the same trap. Read Also: Six Pointers To Starting A Successful Business Thinking Of Becoming An Entrepreneur? What Is The Cost To Start A Business?

Planning the Perfect Event Charter in Dubai

Dubai is the ideal destination for vacations, entertainment, and even business meetings. Planning an event charter in Dubai is beneficial, especially if you have capable partners who can help you organize a successful event. Planning an event can be tiresome, and planning a successful one is a big job. You need creativity and organization. What to Do Before Planning the Event: Some people feel that events are a waste of time and money, especially when done wrong. This is why you ought to plan your event to make it valuable to the participants. These meetings are excellent for sharing ideas, interactive learning, problem-solving, and creating valuable relationships. We gathered useful tips to help you. Define Your Goals: Every event charter has its objectives; for instance, do you need to do team-building with your team? The best way to come up with your goals is by establishing the results you want to accomplish after the event. Many people don’t like events because, at the end of the day, they end up learning nothing. When you lack clear goals, the event turns out to be a big waste. For instance, if you plan to use an exhibition stand design Dubai audience needs to get the message you seek to relay. Understand Your Audience: The best thing about knowing who will attend relates to the success of the event. For instance, if the event’s goal is to find a solution, you ought to have several key persons. If you want to talk about a general subject such as education, you need a larger audience. List down all the attendants you need, be specific, and make allowance for last-minute attendees. Create a Budget: If you are not careful, you can end up spending more than you intended that is why you ought to plan how much you need to invest. Don’t just estimate a specific number, break down the budget and see how much you need to spend. For instance, items like catering, nametags, and even exhibition stand in Dubai can be expensive. As you breakdown, the budget, don’t forget that your event will cost more than your estimate. Choose a Location: If you have a few attendees, you can use a conference hall; however, if you have more than 60 people, a larger hall is convenient. Think about the details and the strategies of your event when choosing a venue. Ask questions like will the audience at the back see the visual aids? If you are going to use sophisticated technology such as teleconferencing, confirm that the venue is appropriate. Ensure that the location is accessible and if not arrange transportation. Get a Team: To create a successful event charter in Dubai, you need a team of personnel who will help you to organize your meeting. Decide who you need in your team, for instance, speakers, venue management, logistics, and event sponsors. When you plan an event charter in Dubai, you ought to hire presenters who will talk and teach the audience. However, if you have a charismatic individual in your organization, he can be the speaker of the event. Choose someone who does not only teach but does this in an engaging manner. Develop an Agenda: You should know your goals at this point; this allows you to develop a plan on how to achieve these objectives. Jot down your main concepts and then break them into smaller topics to make them easier for the audience to understand. Decide whether you need visual aids and inform the technical team early and if you decide to use an exhibition design Dubai has several providers. Once your plans are set, you can go ahead and choose a date for your event charter. Make the event stand out by choosing a unique theme. Publicity is necessary when planning an event charter in Dubai. Promote your event by issuing a notice or announcing it on your website, use offline and online resources, and encourage people to register for the event. During the Workshop: Now that you have set your objectives and you have a plan, figure out how to make your event charter exciting. If you plan to have a group exercise, remember that many people are not good at public speaking, so keep the groups small. Combine different people in the groups; for instance, put people from different departments together. This encourages people to interact and look at things from different perspectives. Think of how to record ideas from each group. Many people overlook this aspect, which causes chaos because some people shout while others write down their results. Planning an event charter in Dubai can be exhausting if you don’t have a strategy. Several factors help you to have a successful event in Dubai, such as knowing your audience and creating a budget. Knowing who will attend allows you to choose the right location, while the budget prevents you from overspending. Read Also: 7 Ways To Plan A Smooth Business Succession Exploring Arabian Ranches 2 – Luxurious Living In Dubai

Incredible Ways To Minimize Network Downtime For Business

It is safe to say that the Internet is the backbone of every business. It allows companies to access all the important tools that can streamline the entire workflow. Thus, all successful organizations need access to a steady internet connection so they can complete all the work efficiently without any delay. This is one of the reasons that being disconnected from it for a few minutes can pose major internet issues. The mere reason is that the major financial costs associated with network outages are massive. One major issue of downtime is data loss. The companies cannot afford to lose their time or clients because of poor internet connection, issues in the system, internet outages, and so on. Thus, do not take network downtime lightly, as it can turn into a serious issue that can cripple your organization’s entire workflow. One way to reduce network downtime is to have a blazing-fast internet connection, so all the employees can complete the work without any delay. So, whether you are a remote worker or a hybrid employee then we suggest you choose WOW! Internet. It offers a quality fiber-optic connection, which is exceptionally fast and does not slow down even if a plethora of devices are connected to it. It works during harsh weather conditions because the technology is buried underground. The provider even offers unlimited data with some of its plans. You can reach out to its customer support team for more information regarding its internet plans and prices. Give this blog a good read to know how you can minimize network downtime to prevent network downtime for your business. Run External and Internal Analysis If you feel that your workflow is experiencing frequent downtimes, then you should first analyze the root cause of the issue. For example, you should know whether the internet downtime is because of frequent internet outages, system failure, power failure, or so on. But please know that even if the organization is not currently facing any network downtime, you should still have a backup plan ready by making a list of all the possible causes that might affect the performance of your work. Yes, you read that right whether you have a small business or work for an organization. If it is possible for you then we suggest you can research it or ask a technician to guide you so you can purchase a good software to tackle this issue. Invest in Power Backup Solution Power outages are one of the common causes of network downtime, as they can disrupt the operation of network devices, such as routers, switches, servers, and computers. In addition, a power backup solution, such as an uninterruptible power supply (UPS) can provide backup power to your devices and Wi-Fi network devices in case of a power failure, and allow them to continue functioning until the power is restored. Moreover, a power backup solution can also protect the network devices from power fluctuations, which can damage or degrade their performance. Thus, if you have the budget then investing in a good power supply is indeed a viable solution. Use Quality Backup Servers If you are a remote employee then you must ask your organization for backup servers, where you can store the data safely. This tip can save the business from extensive data loss which can affect the business operations in the future. Thus, you can use good applications or software and perform regular backups to avoid losing sensitive data in times of downtime. The mere reason is that it takes a lot of time and effort for companies to gather precious data and it can lose all of it in a few seconds in times of network downtime. If you feel some backup servers are expensive then we suggest you use Google Drive as it is free and allows employees to easily save their files and folders. Get a Speedy Internet Connection Most of the time people choose the wrong speed tier or traditional internet connections to save money and then their work suffers at large. Yes, there are several types of internet connection but we suggest you choose fiber-optic internet connection as it is considered to be one of the fastest types of internet connection which works during all weather conditions. If it is possible for you we suggest you choose a redundant network connection. This means you have to deal with two or three different ISPs for the internet services. So, if one connection is not working, then you can simply switch to another. But for this, you need to ensure that you have a good budget. Use Advanced Equipment Please do not use cheaper equipment just to save a few bucks. Please know that your cable modem, router, computers, and all other devices should not be of mediocre quality or outdated. You should keep in mind that purchasing some low-quality items can help you save money initially, but in the longer run it can affect your business at large. In the End When it comes to business operations please know that temporary delays can hurt its productivity which can cost several millions of dollars. Fortunately, there are certain ways to prevent the common causes of internet downtime. We have listed some of the tips above but you should be careful and have a backup plan ready so you can avoid delays and network downtime in your business operations. Read Also: Linksys Vs Netgear: Quality Vs Features How To Find The Fastest Available Internet In Your Area? Pinterest Hack: Download Videos Effortlessly With Mod APK

International Business Degrees in Today’s Global Marketplace

Why International Business Degrees are becoming Important?

The Benefits of Taking up International Business Degrees

Some Contemporary topics that International Business Degrees Cover

The Standard Time for the Completion of International Business Degrees

Career Options to Explore with an International Business Degree

Mineral Rights In Texas: What You Need To Know

How to Plan For a Successful Trade Show Exhibits?

Content Rally

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

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5 Things Most People Don’t Consider When Starting Their First Business

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International Business Degrees in Today’s Global Marketplace

Why International Business Degrees are becoming Important?

The Benefits of Taking up International Business Degrees

Some Contemporary topics that International Business Degrees Cover

The Standard Time for the Completion of International Business Degrees

Career Options to Explore with an International Business Degree

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Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

Leave a Reply

Popular

Follow Us

Recent

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