Focusing on International Business

If you have always been fascinated by world cultures, exotic languages, international travel and foreign customs, you may want to pursue an Associate’s Degree in International Studies. Unlike a Bachelor’s Degree, an Associate’s Degree only requires two years of schooling.

What does an Associate’s Degree in International Business entail? Students who choose to enroll in a college training degree program in International Business will participate in intensive courses, focused classes and career preparation training that will prepare them for successful careers.

International business generally encompasses any subject or topic that deals with the function and operation of any businesses that are involved with or located in several different countries. These companies are often called multinational corporations.

Today, there are hundreds of multinational companies. Some well-known examples of them are Gillette, ALCOA, Procter & Gamble, Polo Ralph Lauren, Shiseido, DuPont, Citibank, DHL, Federal Express, Silicon Graphics, Sylvania Lighting, Hewlett Packard, Unilever, AT & T, Bacardi, Bank of America and Lockheed Martin International. These businesses typically have an interest or subsidiary over another company in the country of venture. International business is often substantially influenced by the factors outside of business, such as social, political, cultural, global and legal environmental standards of specific countries. Globalization has also powerfully contributed to the growing profit of international firms.

Everyday standards of living, legal regulations and government laws can vary from continent to continent. A person who wishes to professionally interact with international or foreign clients must face issues such as cultural differences, climate changes, language barriers, business practice variations and other possible conflicts.

Earning an Associate’s Degree in international business give students a comprehensive education. Students will take business studies courses, general studies classes and cultural awareness program training. Associate Degree school degree programs provide students with skills in information technology, business management and international studies. Students will acquire skills that incorporate business strategies and smart tactics that will lead to the development of a culturally-educated, knowledgeable
business leader.

An Associate’s Degree in international business can lead a college graduate into many different types of careers. A graduate can go on to pursue a Bachelor’s Degree in Business Management or International Business or can go and work directly in the corporate world. By learning a second language, a person can become an even more valued asset to a company. Many companies seek out college graduates who are fluent in Spanish or Chinese and also possess a background in international business.

There are many different routes that a student can take with an Associate’s Degree in international business. A graduate can explore the areas of exporting and importing foreign banking, tangible goods and world-servicing nonprofit organizations and international business empires. By pursuing an education in international business, a student can:

Study business ideals, practices, laws and standards in a multicultural or international environment
Familiarize oneself with the legal practices and procedures of various cultures and countries
Gain experience in the spheres of international business that are continuously evolving
Learn about cultural differences that may potentially impact an cross-cultural relationship among clients

International Business – Degree Study Programs

It is no surprise that businesses are crossing over into other countries by selling their product internationally. The challenge of conducting business internationally is the differences in policy and social interaction. The need for education in business is essential and students can enter degrees with an international focus from business schools across the country.

With companies expanding their reach into foreign markets the study of business in regards to international work is required.

Students can enter multiple degree programs that focus on the differences of business culturally, geographically, and economically.
Studies can be entered at all degree levels, which present students with a variety of careers that they can transition into once they graduate.

There are numerous things for students to know prior to enrollment in a learning program.

1. Beginning education with an associate’s degree provides students with specialized international business courses, general business courses, and some general education courses. The ultimate goal is to train students to enter work in global firms. Students explore global industry standards and regulations that help them become comfortable with international business tactics. Through the examination of business roles in global agenda students become an asset inside their job. Students are taught how to facilitate strategies that center on helping businesses be strong internationally. A general international business course introduces students to the geography, the Internet, and the cultures that participate in global business. Subjects covered include organizations, monetary systems, and business roles. Education at this level is a good stepping-stone to start a career or continue education.

2. Students can study in concentrated areas such as international banking, exporting, and marketing when they enter a bachelor’s degree program. A program goes through the different regulatory practices that make up the work involved in international organizations. Essentials of business are also taught, which includes microeconomics, data analysis, and accounting. Courses on international marketing, finance, transportation, and the global market build upon basic business principles to create a well rounded professional. A marketing course gives students the framework for how marketing crosses national borders. Different foreign markets are examined to prepare students to work with various factors when deciding how to market internationally. Many students enter a career directly after completion but some use a bachelor’s for an education base to enter a master of business administration degree.

3. Management level skills are gained when students work through an MBA in international business. Areas like business risk, foreign interaction, and contract assessment are discussed inside advanced level coursework. Students are able to explain regulations on importing, unfair trade, and law. Management courses on marketing, finance, advertising, and leadership are taught from an international strategic standpoint. Career work can be done in global companies as well as in government agencies and banking companies. Many students work within international companies throughout different areas of the world. In depth research and understanding is obtained when students work through a PhD degree. Curriculum is highly focused on advanced international study. Career work usually consists of becoming a post secondary professor.

Go Global With International Business

With the development of an integrated global economy, marked by free trade and free flow of capital, now is the time to pursue a cutting-edge international business career.

Around the World

In case you hadn’t noticed, U.S. firms are expanding abroad. This requires organizations to form effective strategies for entering the international business market. They need to be aware of legal matters pertaining to specific countries, and they need to be concerned with organizational and administrative issues, especially if they are involved in a partnership with a foreign firm. As international business markets become more competitive, U.S. firms are learning to use resources more efficiently by reducing costs, streamlining operations, and developing marketing strategies.
That’s why today’s professionals need comprehensive knowledge of international business as well as foreign cultures and languages. Globalization has increased the need for international business workers with these specialized skills to manage multicultural and multinational workforces effectively.

“Distance” Learning

An international business degree will provide you with the training you need to manage an international business and to succeed in our global economy. With an international business degree, you’ll be equipped with a global focus across different functional areas of business. You’ll learn theories of international protocol and how they continually change. You’ll learn to recognize global differences and apply sensitivity to cultural diversity issues in communications, management, marketing, and the legal aspects of global business operations in your international business career. You’ll explore the differences among various economic development levels, as well as the new economic groups forming in Europe and Asia.

International degree program coursework may include international marketing, export/import practices, globalization, international trade, financial management, business planning, economic development, international law, international business policy, international culture, foreign languages, overseas business practices, foreign market analysis, foreign operations, sourcing, communications and negotiations, critical thinking processes, ethical codes of conduct for global business leaders, marketing strategies, and management practices and processes.

The Real World

With an international business degree, you can work as a business strategy consultant, managing consultant, account manager, project manager, business developer, distribution manager, director of international affairs, finance advisor, foreign market analyst, or management analyst, to name a few.

Management analysts, for example, held about 605,000 jobs in 2004, according to the U.S. Bureau of Labor Statistics. Employment of these international business career professionals is expected to grow faster than the average for all occupations through 2014. And, median annual earnings of management analysts were $63,450 in May 2004, with the highest 10 percent earning more than $120,220.

Be part of the international business explosion by earning your international business degree today.

What Careers Are Available With a Major in International Business?

Do you love to travel? Are you fascinated by exotic cultures, people whom are different from you, foreign languages and world customs? If so, you may be the ideal candidate for a college degree in International Business.

Students who are interested in an International Business college degree should enroll in a specialized degree training education program at a college or school. This program should consist of focused courses and hands-on training classes that prepare students for a successful career.

International business is a term used to collectively describe any topic or subject that relates to the operation and function of organizations that are involved or located in several different countries. These organizations are often called multinational corporations.

Popular examples of multinational companies are Toyota, McDonald’s, LG, Verizon Wireless, Siemens, Yahoo, Sprint, Google, Hyundai, Dell, Microsoft, L’Oreal, Revlon and Honda. Such companies usually possess an interest or subsidiary over another company in the country of venture. International business is powerfully impacted by the political, socio-economic, cultural, global and legal environmental standards of individual countries. Globalization has also greatly contributed to the increasing success of
international businesses.

Laws, regulations and standards of living can differ substantially in a multitude of countries. A person who wishes to work professionally with international clients must address issues like language barriers, cultural differences, climate changes, business practice variations and many other potential conflicts.

A college education in international business will focus on business studies courses, general studies classes and cultural awareness training programs. College degree programs provide students with training in information technology, international studies and business management. Students will develop in-depth skills that utilize business strategies and intelligent techniques in an international context. They will also acquire a general liberal arts education that will eventually lead to the development of a well-rounded, knowledgeable and worldly business leader. The program will also include basic courses that address the economic aspect of business.

Why do some college degree programs incorporate a liberal arts approach to the areas of international politics and culture? Many colleges believe that this type of knowledge can dramatically improve a person’s cultural understanding. These programs survey the dynamics and various aspects of the global business setting. They focus on the international economic, historical, political and cultural foundations of the modern business climate, ideal multinational corporate functions and the general successful management of a corporation in an international environment.

There are many paths that a student can take with a degree in international business. A graduate can explore the fields of importing and exporting tangible goods, foreign banking, world-servicing nonprofit organizations and international business empires. By pursuing an education in international business, a student can:

Explore business practices, ideals, standards and laws in an international or multicultural setting
Familiarize oneself with the legal practices and procedures of various cultures and countries
Grow knowledgeable in the areas of international business that are constantly evolving or changing
Learn about cultural differences that may strongly impact an international relationship among clients

Four Steps to Accelerate International Business Growth

U.S. exports continue to grow, but many American companies lack the international business know-how to capitalize on this potential source of increased sales and profits. Proliferating trade agreements and a weakened U.S. dollar have resulted in one of the most favorable export markets in decades. Foreign importers of U.S. goods report an increasing demand for U.S. products–from popcorn to pet food. The U.S. has enjoyed 11 straight quarters of increasing exports–yet with 95 percent of the world’s population residing outside of U.S. borders and an increasingly promising international sales outlook, experts are questioning why only 5 percent of U.S. companies are currently exporting. But how do we initiate and sustain growth in unfamiliar markets?

1. DEFINE STRATEGIC NEEDS

Tapping into new markets provides the opportunity for increased revenue and profits. However, this initiative needs to be consistent with the company’s overall strategy. Inconsistent, sporadic, or unfocused deployment of resources directed toward international growth can result in an underperforming initiative that soaks up limited resources with little return. Barriers to entry (duties, regulatory, and trademark restrictions) need to be identified and addressed. A SWOT analysis detailing the company’s strengths, weaknesses, opportunities, and threats will identify and help maximize the company’s strengths, minimize its weaknesses, and give focus to the international opportunity.

An international growth plan consistent with the corporate strategy will enhance the odds of success. Tactical aspects of international development such as sales, distribution, and marketing need to be addressed. International growth factors can be sufficiently different from the U.S. models that a lack of familiarity can dramatically reduce the chances of success. Above all, there must be clear direction, full management support, and dedicated resources.

2. SECURE APPROPRIATE ASSISTANCE

Small or medium firms initiating or expanding into international business will find the U.S. Government’s Department of Commerce (DOC) an enthusiastic partner in helping American companies succeed globally. This organization coordinates resources from across 19 Federal agencies to help American businesses plan their international strategies in an increasingly globalized environment. In an unfamiliar foreign market with confusing regulations, uncertainty, and risk, the DOC can help U.S. businesses navigate the overseas sales process and avoid hazards such as payment defaults and misappropriation of trademark and intellectual property.
The DOC’s commercial service provides a surprisingly actionable array of quality services including in-country market research, trade events and missions, trade leads, and introductions to prospective business partners. The Export-Import Bank and the Small Business Administration unite to help in the financing of U.S. goods and services exports to the international market, enabling companies to turn international leads into solid sales.

Firms specializing in international business development can help jump-start foreign expansion. These firms are groups of highly skilled, experienced professionals offering practical, cost-effective assistance to companies committed to maximizing revenue and profit potential through accelerated international growth. The range of services offered varies by firm, but overall they help companies conceptualize, implement, and manage large or small international business development projects. These services can range from determining the overseas market potential for a product to managing a firm’s export sales to identifying and qualifying foreign strategic alliances.
A company wanting to penetrate the international market needs to assign a fully dedicated resource to this initiative. This individual should be the linchpin connecting the organization’s resources, know-how, and culture to the international initiative. As the business develops, additional resources should be assigned to maximize the opportunity. These should be considered investments rather than costs.

3. DETERMINE MARKET ENTRY STRATEGY

A firm’s appropriate market entry strategy will largely depend on its level of international development. For a company just commencing its international development, market penetration via in-country distributor sales may be the fastest and most cost-effective way to enter a foreign market. Selling through in-country distributors is relatively low-risk and will provide valuable learning opportunities. Once the target country or region has been identified, a process that will naturally derive from the SWOT analysis, the selection process can begin. Various U.S. government agencies and trade associations can provide a wealth of data to begin narrowing the selection.

Trade publications and events are also an excellent source. Factors to consider when selecting a market may include such criteria as regulatory environment, market size and potential, cost of entry, and competitive environment. To further narrow the possibilities, an in-country visit is required. Once there, the use of trade leads, competitive evaluations, local government assistance, and potential candidate interviews will provide additional information and insights. Major considerations in selecting a distributor are: willingness to assign a dedicated resource, market leadership or track record, marketing savvy, complementary and not competitive products or services, site inspection, and financial stability.

Penetrating a new international market is often perceived as an extension of the existing domestic business. Consequently, many American companies bypass standard business guidelines requiring rigorous market analysis. Only after performing thorough due diligence can one elaborate a service or product offering and accompanying marketing programs.

A company’s preferred mode of entry–in-country distribution, joint venture, merger, or acquisition–will depend on that firm’s primary objectives from opportunistic sales to positioning for long-term market-driven growth.

Economic globalization will increasingly lead to the creation of strategic alliances. U.S. firms must make sure that potential partners share short- and long-term objectives in order to reduce the divergence of ideas and efforts. Common values and shared business/ethical standards will enhance communications, transparency, and effectiveness. The partners should have complementary strengths and weaknesses to build a stronger and more effective alliance. Principles and processes for conflict resolution and the relationship must be drafted and agreed to by all parties concerned for the partnership to run smoothly.

4. DESIGN EFFECTIVE MARKETING

All markets have commonalities. However, effective international marketing begins with the awareness that markets are also different in ways that are not immediately apparent. The key is understanding consumers and identifying their needs through culturally specific market research. Focus groups can be especially effective in identifying the international consumer’s wants and needs. The advertising agency used in developing the offering should be local or have local representation. Employees with a thorough knowledge of market characteristics and idiosyncrasies will be particularly effective in communicating the desired message and creating and enhancing the brand image. Language skills and an affinity for different cultures are critical assets when marketing internationally.

Flawless execution is key. As a firm executes the international strategy guided by a solid business plan, it is important to celebrate milestones and benchmark against industry leaders.

Although not comprehensive, these four steps will help serve as a guideline for successful international market entry and growth.

Ena Garay is an international business development leader with particular expertise in consumer products and services. She has implemented international business plans in Latin America, Europe and Asia. She speaks four languages and holds an MBA in International Business and a Masters in International Relations.

The Advantages of MBA International Business Management Online

Advancements in the fields of communication and technology, as well as international travel, have shrunk this planet substantially. These developments have created many potential business opportunities for companies around the globe. The opening of nations’ economy and lowering of international trade tariffs has increased the volume of world-wide business substantially. Therefore, a degree in international business is a wise move for career growth.

Career in Global business navigates through complex global economic landscapes. In an online MBA program specializing in international business, international finances, accounting, management, business policies, and marketing strategies will be covered. Earning an MBA makes you more competitive in the job market, with the potential for high-level promotion.

This Online MBA prepares potential students for business climates around the world. Some Online MBA International Business degree programs can be completed in just months. Gaining this MBA Business degree program prepares students for professions in the global arena, focusing on the challenges that confront international and global markets.

This MBA will address such subjects as analysis of international trade and finance, global marketing strategies, management practices in the international market places, which further enhance studies for a well-rounded MBA in Intl. Business degree. Students acquiring this MBA Degree will be prepared as professionals with opportunities in many professions, such as international sales, global distribution, international management, and international trade. Some of these MBA can be obtained through distance learning offered by reputable university/college.

Online PhD Business Administration master degree programs are also available. Coursework focuses on issues of shifting outlooks for international business, international trade and business, international finance, international economics, as well as other considerations relating to Multi-region international business beyond the United States of America: Singapore, India, China, Japan.

Global business is integral to the success and sustainability of many companies across the nation. As such, it’s imperative that these companies hire candidates with massive international business expertise. The job outlook for careers in international business is highly positive as the global interaction between multi-national companies continues to increase.

If you’ve always had excellent communication skills, have great desire to learn more about other cultures, are business-minded, consider how online universities can help you achieve your MBA degree.

International Business Degree Schools Online

Online schooling options are available to students looking to obtain a degree in international business. There are numerous schools and colleges that offer online degree training in the field of business. Students can prepare for the career of their dreams by enrolling in a number of programs. Online schools and colleges allow students to train for careers working in international finance, management, marketing, sales, importing and exporting, and more. Student may study coursework such as foreign culture, economics, imports and exports, tax, and much more depending on the chosen level of degree and specialization. Online degrees in international business can include an associate’s, bachelors, masters, and doctorate degree.

Associates degree programs are available from numerous online schools and colleges. Students can obtain an associates degree in international business in as little as two years depending on the specific area of concentration they choose. Coursework may consist of studying international trade, macroeconomics, global markets, international marketing, and other related courses. Students who wish to enroll in an accredited online program can train for careers with banks, multinational manufacturers, import/export corporations, consulting firms, and other international organizations. With an accredited associates degree students will have the skills and knowledge to pursue a bachelor’s degree in the field.

There are a number of accredited online educational programs that allow students to train for numerous careers in international business. An online bachelor’s degree program will take students approximately four years to complete. Course curriculum will vary depending on the specialization chosen by the students but may include the study of economics, principals of marketing, foreign language, international business finance, cross cultural studies, and much more. Students who wish to pursue international careers such as management analyst, sales representative, auditor, and accountant, should consider a bachelors degree. Those who wish to further their education can consider online degree training for a master’s degree in international business.

Online schools and colleges allow students to enroll in masters degree programs in the area of international business. Online degrees at this level typically take students two additional years to obtain. Students can choose to specialize in a specific area including international trade, tax, management, and much more. Areas of study may include international business policy, trade controls, international finance, foreign operations, and more depending on the chosen specialty. With an accredited masters degree students can pursue careers as international marketing directors, multinational managers, international trade managers, financial controllers, and international foreign policy advisors. A degree at this level of education will allow student to enter the workforce or enroll in a doctorate program.

A doctorate degree in international business will allow students to earn their degree with an additional two years of study. Online educational programs train students in a number of subjects to ensure they receive the knowledge and skills to pursue the career they desire. Coursework may include theory of international business, research design, marketing, communications, multi-national enterprise, and much more. With an accredited online education students will obtain the necessary training to find employment as economic researchers, university professors, business development managers, chief executive officers, and other professionals. A doctorate degree is the highest level of degree obtainable in the field of international business.