Master of Business Administration in International Business
Master of Business Administration helps peoples’ abilities to improve and also help people to look at situations, or problems in another way with nonchalance. This program provides people to look into deeper business perspective, and teach how to empathize with other workers, and managers. Besides the verbal side of this program, it also teaches statistical thinking, and calculation. Doing MBA with a specialization in international business in a foreign country helps people see visions of many companies, and brings successful steps by a confident way. Other than the specialization of international business, there are several specializations such as marketing, finance, global leadership, human resources, and operational research. On the basis of all these specializations, the aim, and the purpose of the MBA is the same but branches of the MBA are different. These branches, or specializations provide various vision. Diversities of the branches give opportunities to many different people, no matter what is his/her gender, age, or culture. The MBA in international business becomes very popular in the last decade because international trade has become popular. Students who want to study their major in international business is not only about your own country, but also foreign countries as well. Companies usually focus on how to take a domestic company to an international level. Courses in specialization on international business is strategic planning, government relations, and policy analysis. To understand international business, and be successful in this field requires knowing the nature of the international business, financial effects in international business, and environmental effects in international business.
International Business Nature
International business includes so many variables, and understanding nature of business is one of them. It is an important parameter in international business, and also international business includes the explanation of nature, technology, and growth types. These variables can change within time, so if a company improves themselves in these points, they are most likely successful in an international field.
Description of International Business
International business is the same with local business except a few points. Missions, and strategy are basically same, but there has been a huge development in international business based on several factors in the 80s, 90s, and beginning of 2000s. Improvement of the European Union, and the Single European Market corporations is one of the factors that has been differentiation in the market, and also there is another description for the process of internationalization which is the improvement of trading parties, and the decrease in trade obstacles (Piggott, & Cook, 2006). Improvements in international business made many companies profit, so many companies started to become an entrepreneur in those years.
Technology has been a factor of change in life, and it changes every day so its effect on international business changes quickly. Technology has an effect on business growth such as advantages of comparison. It provides to acquire cost advantage in production of mercantile goods. On the other hand, some unprofitable corporations have to change their mission to make profit because of technology. These corporations have to export, or grow through joint venture, or mergers, but both of the points provide corporations to open different and new international markets. Opening different markets in foreign countries due to the new improvements, or inventions in science are the other changes in technology. New markets open new ways to investments and new investments let companies open other new companies (Piggott, & Cook, 2006). With the improvement of technology, many companies started to import,