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Studying international business will provide you with insights into the global economic and business climates.
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Taken together, such a course of study can be particularly beneficial for students who hope to one day work abroad. As a result, demand continues to grow for individuals who understand the global context of business: from the logistics of international trade and cross-border investments to the cultural and ethical issues that are imbued in the practice of business around the world. By studying international business, you will learn about world cultures and societies, and be challenged to approach issues from different perspectives.
These skills are increasingly valuable to employers faced with the challenge of opening and integrating multiple markets and achieving cohesion and collegiality in increasingly diverse workforces. Studying international business can prepare students for positions across the public, private, and non-profit sectors, for example in business, government, and international agencies.
Students might expect their day-to-day work to revolve around international trade, global business operations and planning, or industrial development, for example. Additionally, international business studies can be greatly beneficial for students who plan to pursue graduate studies in areas such as law or public policy where a robust knowledge of international business can be helpful. An entrepreneurial perspective will serve you well in this regard.
Hemali Thakkar and three of her fellow classmates at Harvard found a way to mesh the power of play with electrical power. Fifteen minutes of play lights a lamp for three hours.
Called the sOccket, the soccer ball can bring off-grid electricity to developing countries. Even better, the soccer ball can replace kerosene lamps. How did the idea of sOccket emerge? They also knew that most of these kids lived in homes that had no reliable energy.
One ingenious way to bring costs down is to set up facilities where developing-world entrepreneurs assemble and sell the balls themselves. Intrapreneurship is a form of entrepreneurship that takes place inside a business that is already in existence.
An intrapreneur, in turn, is a person within the established business who takes direct responsibility for turning an idea into a profitable finished product through assertive risk taking and innovation. An entrepreneur is starting a business, while an intrapreneur is developing a new product or service in an already existing business.
Thus, the ideas of entrepreneurship can be applied not only in new ventures but also in the context of existing organizations—even government.
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Entrepreneurship is the recognition of opportunities i. Entrepreneurship helps you think about the opportunities available when you connect new ideas with new markets.
Why study international business?
Skip to main content. Search for:. Reading: What is International Business? Comprehend how strategic management is related to international business.
Masters in Business - MSC International Business - UPF Barcelona, Spain
Understand how entrepreneurship is related to international business. Spotlight on International Strategy and Entrepreneurship Hemali Thakkar and three of her fellow classmates at Harvard found a way to mesh the power of play with electrical power.
Why is an understanding of strategy management important in the context of international business?