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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Pros and Cons of Oil and Gas Investment

Gas and oil are commodities that will always be in demand globally. No matter where you are in the world, people seem to be needing oil and gas more and more, be it for transportation, to run businesses and factories, and machines, and to do daily tasks such as cooking. Because of its increasing demand, it’s a highly favored investment choice by business owners and investors around the world. However, as with all other industries, the petroleum industry does have its pros and cons. Here are some of them: The Pros: 1. There Are Tax Benefits And Advantages: Naturally, economists and the respective governments encourage investors to put their money in the energy and petroleum industry. The more businesses in the energy sector, the higher the demand for this commodity, as the price per barrel of oil also tends to stabilize more. Remember this is important as almost all aspects of man's daily life are highly dependent on the energy and petroleum industry. To encourage investors to stay attracted to gas and oil businesses, governments provide for annual tax benefits and deductions. Some of these include the following: When you invest in a limited liability partnership/gas company, such as the CEFM Oil & Gas Investment Fund, 15% of your share can become a part of your tax-sheltered income, which means that this 15% of your total stock will not be subject to taxes. In the event of stock depletion, governments can allow for certain allowances to keep your company's cash flow reports stable. 2. The Gas and Oil Industry Is a Lucrative Trade: Gas and oil are both commodities. You cannot go through your daily life without either of these two. Even the simplest and most rural forms of living require gas, such as lighting up gas lamps at night. At present, the petroleum industry makes up 10% of the total gross domestic product of the world, representing an amount of around $10 trillion. This figure does not end here, as it is bound to grow even more as the global population increases in number. 3. The Rate of Return on Investment Is High: Economists around the world found that the return on investment from oil and gas companies is usually around 5 to 10 times more than the capital that you put in. It is tough to find any other investment opportunity that allows for the same favorable returns. When exploration of an oil reserve starts, profit can begin to accumulate after the first two months; this speed is unrivaled by any other business sector. The Cons: 1. There Is a Limit to Growth: Oil and gas reserves are not taken from a renewable source. Eventually, the time will come when these resources will be fully depleted. As the demand for oil continually increases by the day, so does the rate of these reserves eventually being maximized and fully depleted. You can only do so much. Further, this industry needs to fulfill a lot of environmental responsibilities, such as the rehabilitation of the reserve that was drilled up for oil explorations. Doing this entails costs for the company. 2. There Is a Huge Political Risk Involved Because oil is a commodity, it is but natural that political governments intervene. As much as they would want to protect a private company's interests to make sure investors in the market will stay, they are also protecting their political interests. Therefore, any change in trade factors concerning political state agreements, tax reform laws, treaties, and the like will significantly affect the price and stability of the oil. This would mean that you cannot ever shy away from any involvement of politics in your business if you decide to invest in the petroleum industry. 3. The Market Price of Oil Is Always Fluctuating: As more and more individuals demand gas and oil, its market price will continue to fluctuate as well. Increased demand for goods will increase the supply; hence, the competition is high, so the costs have to decrease. This economic fact is good for the consumers but bad for you as the business owner. Profit is always what you have in mind, and in the oil industry, there is a ceiling as to how much you can increase the price of gas and oil. Conclusion: As lucrative as the oil and gas trade may be, do remember this list of its pros and cons. The disadvantages are not to discourage you from investing in this business sector, but it will help you make a better and wiser decision on where to plant your hard-earned money. Anchoring your investment in an informed decision will help you earn better growth on your commodity investment plan. Read Also: Investing In Property Is Investing In Your Future Safeguard Your Loved Ones Against The Dangers Of Radon Gas

How can I use an RSS feed reader for business? 5 great ideas

You’re here because you’re searching for that hidden weapon. The one secret that will give you a definitive edge over other companies in your line of work. Behold the RSS feed reader. It’s not flashy. It can, in fact, be a little bit confusing, if you only have memories of them in the early 00s. But it’s true. An RSS feed reader can make all the difference for your business. What is an RSS feed reader? Or maybe you’re not familiar with RSS. Here’s a crash course. RSS is a protocol, which was developed early in the Internet’s youth as a way for users to have an easy way to access numerous sites simultaneously. Basically, every website and blog would have an RSS feed embedded in their code, which can then be accessed by an RSS feed reader. Add any feed to your reader and then receive its content as soon as it’s posted. It’s that simple and was the chief way to stay connected and on top of development during the blogging craze. Is it going to help my business grow? Yes. RSS readers have grown by leaps and bounds from where they started. For one, they now support all types of media files and formats, ranging from YouTube to podcasts. You’re able to cast your net wide – excellent for performing monitoring and research. Not to mention how RSS feed readers have added tools, filters, and integrations that now place them firmly in the category of productivity tools. Depending on which RSS feed reader you have, you are in the perfect position to streamline your company’s journey to success. How to use it for business? a. Monitor your brand To many, monitoring public opinion regarding their brand begins by opening their social media for a quick scroll down mentions and DMs. Maybe retweet something funny. That’s it. Smaller companies are particularly guilty of thinking ‘we’re small, so nobody’s really talking about us.’ It’s a fact many customers share their impressions of a business without tagging the businesses in their discussions unless it’s a direct complaint. Follow the breadcrumbs no matter how infrequent or small they are through RSS. Here’s what you can achieve with Inoreader as your RSS reader: Create Google Alerts for important branded keywords and migrate them to Inoreader. This way you get the benefit of Alerts without the ineffective mail delivery. Create keyword searches on social media, Twitter for instance, and subscribe to them via Inoreader, so you’re instantly updated when posts mention you. Subscribe to important trade sites and set triggers to receive alerts whenever an article pops up that mentions your brand. b. See what competitors do The same principles as above apply here. Users can shift their attention easily to direct competitors in a heartbeat with minimal effort. You don’t have to change much in your monitoring approach, but it can also be wise to subscribe to your competitors’ newsletter, website, and social media. The goal here is to monitor not just what’s said about your competitors, but also keep a close eye on every possible move they make. If you’re a considerably smaller fish in the pond, it’s smart to know when the market leaders are going to make an announcement, release a product or start a new campaign. That way you can time important marketing pushes on your part during the empty slots in their calendar. Besides, your competitors are live case studies on the viability of campaigns and marketing ideas. c. Follow influencers and bloggers I mentioned trade publications above and the importance of checking for coverage of your brand, but there’s also another important category of sources you shouldn’t neglect. I’m talking about influencers and bloggers. These are the people that are somewhere between your target audience and industry systems. They’re vehicles for promotion with varying degrees of influence. Some showcase what resonates with your ideal customers and others have economic power thanks to the size of their audience. Influencer marketing is still here for the time being and it’s a truly interesting phenomenon as it allows you to see firsthand what connects with your audience. Influencers and bloggers thrive on their relatability to their followers. RSS feed readers are made for this exact purpose – follow blogs, newsletters, forums, and now a variety of media formats. d. Discover new topics RSS readers have made a sharp turn towards assisting their user base in finding relevant material, not just consuming it. After all, will you ever leave your RSS reader, when you keep on finding new and new feeds to explore? However, this functionality is not just created for leisure. It’s perfect for research purposes. Inoreader has invested a lot into their discovery features. The very thing you encounter when you make your account is the discovery zone. You have several main branches of topics that further divide depending on how narrow your interests run. Each topic and subtopic is populated by the most subscribed-to RSS feeds in the reader’s database. Furthermore, you have a lot more flexibility in how you explore suggestions thanks to the Sort by Magic feature, while the browser extension simplifies subscriptions to new RSS feeds and grants easy access to recent updates. e. Learn more about your customers Really, through the right blend of branded and non-branded keyword monitoring (we touched on both above), you arrive at a fuller, more fleshed-out profile of your ideal customer. You experience your customers in relation to your brand, which is essential in improving the ever-fragile brand-customer relationship. But more importantly, you get to experience them in their own environment. If you follow the current crop of successful influencers, then you know quite a lot. Where do they hang out online? What’s important to them? How do they talk? What inspires them in their day-to-day life? What needs does your product meet? What motivates them to buy specifically from you? All these are questions you can answer. All from Inoreader’s dashboard. Read Also: 4 Reasons Your Home Business Needs A Virtual Receptionist Influencer Marketing Tool to Move from Local to Global Market 5 Content Ideas to Use with Instagram Influencers

Discover the Gift of Safekeeping: Justin, TX’s Spring RV Storage Bonanza

Nestled in the heart of Texas, Justin, TX, is a town that comes alive with the spirit of spring. From blossoming flowers to the warmth of a community that thrives on togetherness, it's a place where the season's beauty is palpable. Amidst all this vibrant energy, there's a hidden gem that not everyone knows about Justin, TX's RV Storage Bonanza. This post will delve into such Spring RV Storage Bonanza promotions in JustinTX and explore why they're creating a buzz among RV owners in the city. A Spring Oasis for Your Recreational Vehicle Imagine cruising into Justin, TX, with your beloved RV to soak in the vibrant spring atmosphere. The aroma of fresh blooms fills the air, and the town's streets are alive with the season's energy. But where can you safely park your vehicle while you enjoy the springtime festivities? That's where Justin's RV Storage Bonanza comes into play. This service offers recreational vehicle owners the perfect solution for safeguarding their cherished vehicles during spring. With spacious, secure, and well-maintained storage facilities, you can rest assured that your recreational automobile will be in top-notch condition when you return. There is no need to worry about the elements or potential damage while you're out enjoying springtime activities. Unbeatable Promotional Offers The Spring Recreational Vehicle Storage in Justin, TX, isn't just about safekeeping; it's also about value. This season, they've rolled out unbeatable promotional offers that make it an even more attractive proposition for RV owners. These promotions include special discounted rates, complimentary maintenance services, and even free spring-themed RV decorations. By taking advantage of these offers, vehicle owners can enjoy significant cost savings while protecting their RVs from potential hazards. It's like getting a gift of peace of mind and savings. Hassle-Free Convenience One of the standout features of such storage services is its hassle-free convenience. RV owners can easily drop off their vehicles, knowing the process is streamlined and efficient. The knowledgeable and friendly staff are constantly yearning to help, ensuring a smooth and welcoming experience from start to finish. Moreover, such exclusive storage promotions in Justin, TX, show that they understand the value of time, especially during the busy spring season. The services offer flexible access hours, so you can retrieve your vehicle whenever it suits your schedule. Therefore, whether you want to embark on a spontaneous spring road trip or simply need access to your RV during your stay in Justin, convenience is a top priority. Best RV Storage Hacks You Must Know In 2024! Before you go looking for various RV Storage bonanza offers in Justin, Texas, you must learn some essential RV storage hacks. These hacks will save you a lot of money and prevent future damages to your previous RV. Therefore, learn how to do these RV storage hacks first: 1. Remove Food And Debris The first thing that you must ensure is that there are no food and debris inside your RV. Since your RV will be in storage for some time, you must ensure that there are no food particles inside. It’s essential to do so since food debris attracts a lot of dust, mold, ants, cockroaches, and various types of pests. Therefore, before you leave your RV, ensure you clean your interiors thoroughly. Therefore, clean the floors, especially hide parts under the carpet, couch, chairs, and more. 2. Prevent Pests Not only are RVs amazing recreational homes on wheels for you, but they can be the same for various pests and rodents as well. Therefore, to prevent a breeding home invasion by pests inside your RV, here are three tips for you: You can sprinkle Borax around your RV’s perimeter to prevent insects from getting in. Try coating your plumbing and electric lines with dish detergent to prevent rodents (mice, rats, squirrels) from climbing them up and down. If you have a mice invasion inside your RV, try soaking cotton balls with essential soils to keep them at bay. Don’t forget to close all doors and windows! 3. Clean Your RV’s Interiors And Exteriors As mentioned earlier, cleaning the interiors and exteriors of your RV storage is essential. This is because not removing any built-up dust can lead to a build-up of harmful fungi and make it a nesting place for small insects and pests. Therefore, try spraying diluted bleach solution on your floors and inside your refrigerator. This will prevent any form of mold build-up. In addition, you should also wash and wax your RV’s exteriors so that it looks new and shiny, even if it’s quite old. Moreover, you don't have to clean the exterior when you take your RV out of RV storage! 4. Avoid Build-Up Of Moisture Moisture build-up in and around your RV can be detrimental to its condition. Therefore, whenever you are choosing an RV storage solution in Justin, Texas, you must ensure that your RV storage facility is well-maintained and kept dry 24/7. In addition, for more protection, you can install a roof vent that helps the built-up moisture inside to escape, keeping your RV’s interiors warm and cozy. Moreover, you can try keeping gel packs inside that absorb moisture. 5. Detach Your RV Battery Even if you keep your vehicle inside an RV storage, always disconnect its batteries. In case you do not know - your RV will draw power from your battery passively even if it’s not in use. Therefore, disconnect your battery manually so that you have some battery left to use the RV when you take it out of RV storage. 6. Cover All Tires Do you want to see a flat tire when you take your vehicle out of RV storage? Or worse, you see your RV missing because someone else came in and took it out for a ride. Therefore, remember to cover your RV tires before you leave since keeping them static can cause lots of mishaps later on. Conclusion Amid all the springtime excitement, Justin, TX's Recreational Vehicle or RV Storage Bonanza is a unique and valuable offering for RV owners. It provides a safe and secure haven for your vehicle, offers unbeatable promotional deals, and ensures hassle-free convenience. As you immerse yourself in the joys of spring in Justin, you can have peace of mind, knowing that your cherished RV is being cared for. So, whether you're a resident looking to make the most of the spring season or an out-of-town visitor eager to experience the magic of Justin, consider the gift of safekeeping for your automobile. Therefore, discover the Spring RV Storage Bonanza in Justin, TX, and make this season memorable for you and your RV. Read Also: Important Things to Transport during a Relocation The Latest Way of Transportation: Electric Motor Scooters Seven Great Reasons to Use a Car Transportation Company

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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Pros and Cons of Oil and Gas Investment

How can I use an RSS feed reader for business? 5 great ideas

Discover the Gift of Safekeeping: Justin, TX’s Spring RV Storage Bonanza

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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