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Updated in [March 06th, 2023]
International Business II is a course that provides students with the knowledge and skills required to successfully operate a cross-border organisation. This course builds on Introduction to the Global Business Environment I and focuses on organisational level and management issues in international settings. Topics covered include foreign currencies and exchange rates, how to organise a business abroad, adapting products and services for the international market, working abroad and managing expatriates, starting, operating and growing a small or entrepreneurial business in the global environment, and the current state of the global business environment.
[Applications]
Students who have completed International Business II can apply their knowledge and skills to a variety of international business settings. They can use their understanding of foreign currencies and exchange rates to make informed decisions about international investments. They can use their knowledge of organizational structures to develop effective strategies for managing international operations. They can use their understanding of product and service adaptation to develop successful international marketing plans. They can use their knowledge of expatriate management to ensure successful international assignments. They can use their knowledge of small and entrepreneurial business to develop and grow international businesses. Finally, they can use their understanding of the current global business environment to make informed decisions about international business opportunities.
[Career Paths]
1. International Business Consultant: International business consultants provide advice and guidance to companies looking to expand their operations into foreign markets. They help companies identify potential markets, develop strategies for entering those markets, and manage the implementation of those strategies. They also provide advice on how to manage the risks associated with international business. Developing trends in this field include the use of technology to facilitate global business operations, the increasing importance of data analytics, and the need for consultants to have a deep understanding of the cultural and legal aspects of international business.
2. International Trade Lawyer: International trade lawyers specialize in the legal aspects of international business. They advise companies on the legal requirements for conducting business in foreign countries, including the laws governing the import and export of goods and services. They also provide advice on international contracts, dispute resolution, and other legal matters related to international business. Developing trends in this field include the increasing complexity of international trade agreements, the need for lawyers to have a deep understanding of the cultural and legal aspects of international business, and the use of technology to facilitate global business operations.
3. International Business Analyst: International business analysts provide analysis and insights into the global business environment. They analyze data from multiple sources to identify trends and opportunities in the global market. They also provide advice on how to best position a company to take advantage of those opportunities. Developing trends in this field include the use of big data and analytics to gain insights into the global market, the need for analysts to have a deep understanding of the cultural and legal aspects of international business, and the use of technology to facilitate global business operations.
4. International Business Development Manager: International business development managers are responsible for developing and executing strategies to expand a company’s presence in foreign markets. They identify potential markets, develop strategies for entering those markets, and manage the implementation of those strategies. They also provide advice on how to manage the risks associated with international business. Developing trends in this field include the use of technology to facilitate global business operations, the increasing importance of data analytics, and the need for managers to have a deep understanding of the cultural and legal aspects of international business.
[Education Paths]
1. Bachelor of Business Administration (BBA): This degree focuses on the fundamentals of business, such as accounting, finance, marketing, and management. It provides students with the skills and knowledge necessary to succeed in the global business environment. Developing trends in this degree include a focus on sustainability, digital marketing, and data analytics.
2. Master of International Business (MIB): This degree focuses on the global aspects of business, such as international trade, foreign exchange, and global strategy. It provides students with the skills and knowledge necessary to succeed in the global business environment. Developing trends in this degree include a focus on global supply chain management, international finance, and international marketing.
3. Master of Science in Global Business (MSGB): This degree focuses on the strategic aspects of global business, such as global strategy, international business law, and global operations. It provides students with the skills and knowledge necessary to succeed in the global business environment. Developing trends in this degree include a focus on global entrepreneurship, global leadership, and global business analytics.
4. Doctor of Business Administration (DBA): This degree focuses on the advanced aspects of business, such as strategic management, international business, and global economics. It provides students with the skills and knowledge necessary to succeed in the global business environment. Developing trends in this degree include a focus on global business ethics, global risk management, and global business strategy.
