Why Study International Business?
In today’s economy, most economic boundaries have already disappeared and those remaining will continue to diminish.
The disappearing of economic boundaries is partially due to the proliferation of electronic communication, which allows instantaneous information transfer for sales, marketing, manufacturing and outsourcing. Furthermore, growing distribution networks, supply chains, and transportation hubs simplify the movement of products. The broad networks of worldwide financial institutions reduce currency issues. Thus, business professionals are increasingly servicing the needs of customers around the world.
Ultimately, most business professionals will in some way be impacted by international influences. Individuals planning a career in business must understand the intricacies of doing business with partners from other countries—whether the business is conducted in the United States or beyond our borders.
Culture, language, political systems, geography, and socio-economic factors all influence a company’s business practices. Researching the companies you wish to do business with, including their business practices, culture and tradition is vital to business success in this global marketplace.
Understand the Issues
In order to be prepared for a career in any facet of the business world (accounting, finance, marketing, information technology, law, healthcare, etc.), an understanding of global issues is critical. Thus, studying international business will help students prepare for diverse business opportunities, knowing in advance that respect for and knowledge of your counterparts can create a competitive advantage.
- Cultural Adviser
- Import Compliance Specialist
- Travel Director
- Community Developer
- Diplomatic Associate