The changing nature of the present day world is bound to have an impact on the way business is conducted.
Updated : Saturday, 22 April, 2017 10:50 AM
The changing nature of the present day world is bound to have an impact on the way business is conducted. The increasing interaction among people, greater mobility and reliance on each other among countries is changing the way people thought about businesses. Not long ago, very few businesses could think of expanding beyond their national horizons, as the restrictions and challenges involved made it an unattractive proposition. However, today, even small local business can dream of selling their wares to international markets.
In such a scenario, business executives who pass out of MBA institutes with flying colours would target the domain of international business, as it is more rewarding and gives them more exposure, thereby setting them off at a clear advantage over others.
1. Businesses breaking boundaries
Businesses are no more restricted within confines of a particular locality of a country. With the advancement of technology and the world becoming digital, a trader sitting in a remote part of a country like India, can connect to the customer in any other part of the globe, thanks to the internet. Clearly, a lot of businesses are expanding themselves in international market, most often through mergers and acquisitions. This has opened up a lot of opportunities for MBA pass outs, who do not wish to restrict themselves and want to embrace the challenges of the international environment.
Working in international business houses in itself is a very challenging task. Not only are the demands of the job different and more extreme, the possibilities of relocating to a foreign land or being sent anywhere in the world keeps the executives on their toes. Students with excellent scores in MBA would prefer taking up international business and absorbing the challenges that it entails.
International Business offers an attractive option to top MBA executives. As businesses go global, there is a growing demand for business executives and managers who are equipped with the requisite skills to understand the dynamics of this changing atmosphere and handle the pressures of a competitive and complex business structure. Given the challenge and the nature of the job, top MBA pass outs can expect handsome rewards if they prove their mettle.
One of the essential feature that distinguishes international business from local ones is that the scope of exposure and learning is a lot more with international business. MBA pass outs who have the drive to be successful, the hunger to grow and learn will find satisfaction in international business environment rather than working for a company whose reach is limited.
5. Good career move
For MBA pass outs, beginning their careers with international business is a good career move and gives them a solid headstart in life. The opportunities to learn and grow are immense. Working in international business also enriches one’s personality and makes you a dynamic person, something that stays with you for all times to come.
Clearly, it makes sense for top MBA pass outs to join international business, as it seems to be a permanent part of the present world, with technology and other factors bridging the gaps between countries all the more and making the world accessible.
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The Indian Institute of Foreign Trade (IIFT) will conduct its written examination on 27th November 2016 for admission to its MBA-IB (MBA in International Business) programme 2017 - 19 at IIFT New Delhi and IIFT Kolkata.
IIFT 2017 will be conducted on November 27, 2017. It is time for action for achieving scores at IIFT and we bring Expert Advise for you.