International business is a broad term that comprises all types of commercial transactions that take place between two or more countries. And the international business operations are affected by a number of factors, such as political, social, cultural, demographical, governmental, technological, legal, economic and geographical. Therefore, all these factors need to be taken into account while doing business across borders.
This means that those looking for sustainable and rewarding careers in international business must possess an in-depth understanding of the above mentioned factors. With this, a strong working knowledge of technology tools and electronic media platforms will have an added advantage. Additionally, the professionals are also expected to possess strong communication, interpersonal, critical problem solving and people management skills.
Demand for International Business Management Professionals
There is an increased demand for business management graduates with an education in international business. There are a number of factors that can be attributed to this significant increase in the demand for international business management professionals.
1. Most companies either operate across borders or compete with international companies in their own countries.
2. Even start-ups are considering tapping into foreign markets.
3. Small-scale companies also intend to expand their reach and do business in other countries or collaborate to create an alliance with the companies operating in foreign markets.
4. International business, as mentioned above, is affected by a number of external factors. Candidates with international business education can help companies find a way out to tap into the potential of the foreign market while complying with the laws of the land.
What Does an International Business Education Program Provide Graduates?
A program in international business education focuses on:
Raising awareness about how cultural difference can affect their business if they continue to operate in the same way that they do in their own country.
Understanding the interrelatedness of country’s economic and political practices.
Understanding the important of culture and religion in shaping the mindset of customers and influencing their buying behaviour.
Understanding the global business environment
Planning and establishing an international business
With this, an international business education program offers hands-on training through experiential learning, helping students understand how businesses operate in a highly volatile global business environment, what the challenges of operating in different countries are and what employers expect from business professionals.
Studying International Business Management
Centennial College’s certification program in international business management prepares students to face global realities of today’s marketplace. This is a uniquely designed program that enables students to be at par with the latest theoretical and practical aspects of global business in just one year.
The courses include business communications, international banking and finance, global logistics, international business law, international entrepreneurship, global business research and analysis, comparative geopolitical systems, global business strategy, corporate social responsibility and international development, international business plan development and international marketing.
The program has strong employment prospects and graduates can easily find employment as international development assistants, international marketing representatives, commercial bank officers, foreign trade consultants and foreign investment and risk analysts.