Opinion and Features
The effects of 21st-century globalisation can be witnessed in any professional domain, including the business industry.
Companies are expanding their operations to foreign countries, and foreign brands are making their presence felt in developing nations in Asia and Africa.
Therefore, there is a constant need for qualified business professionals who can understand the market trends and customer expectations in different countries. Businesses also need business managers who can adjust to a globe-trotting lifestyle and work with ethnically diverse teams.
If working in new and exotic locations has been your dream, you might be made for a career in international business management. The career path is also suitable for those who seek leadership and strategy positions in the global business sphere.
To begin your journey as a global business manager, you must acquire a lot of technical and management expertise through different courses and certifications. Let’s dive into some of the top benefits you can get from pursuing a top-class global business management course from a reputable university.
Businesses are going international at an immense speed. Most of the Fortune 500 companies have at least three international headquarters and deal with plenty of global clients. Small and medium-sized businesses are not lagging behind either.
A recent survey, conducted by EUForex, reported that 58 percent of small businesses across Europe had foreign customers. 72 percent of these companies also planned to increase their international customer base in the coming years.
In this ever-expanding global business sphere, having international business management exposure can really boost your career prospects.
Expanding a company beyond the borders of its home country involves a lot more than what meets the eye. The company would need professionals who can help the organisation gain access to a diverse talent pool and connect with the customer base in a new country.
Specialising in international business management can allow you to reap the many benefits of expanding operations globally. You can help your company take advantage of currency exchange fluctuations to maintain a positive cash flow, while increasing the company’s customer base.
Most international companies can boast of diverse workforces and inclusive company culture. However, managing and promoting this diversity can be a challenge if you don’t have qualified staff.
The international exposure you can get from a global business management degree can allow you to work with people from different backgrounds and ethnicities. The course can also provide you with an international perspective which can make you an ideal asset for most global businesses.
While a global lifestyle associated with international business management seems attractive from afar, you must be prepared for a fair amount of culture shock. It can be challenging to work in foreign cities with foreign cultures.
However, pursuing an international business management programme from a foreign university will give you a lot of exposure. Studying and interacting with students from across the world can ease some of the adjustment problems associated with living abroad.
These benefits form just the tip of the iceberg. There are several other advantages of pursuing an international business management programme, like access to high-paying business roles and diverse career paths. You can also pick up many transferable skills like critical thinking and leadership, which can further advance your business career.
An ideal way to start your international business management career is to pursue a master’s in IBM that can also put you in the proximity of a global business hub.
The MSc International Business Management programme offered by the GISMA Business School in Potsdam gives you exposure to the business culture in one of Europe’s biggest financial hubs. The course curriculum covers an extensive range of global business topics which can prepare you for your desired career path.
Additionally, the course includes trending subjects like big data and cybersecurity, which can allow you to work for companies specialising in these fields.
- This article was written by Sweha Hazari and edited by Olly Cox.