What Is a Global Business?
An organization that conducts its business operations globally is known as a global business. On the other hand, global business refers to the exchange of products and services internationally.
A corporation that conducts business throughout the majority of the world's nations is known as a global business or multinational. Although the business may have its main activities and headquarters in one country, its goods and services are used all over the world. The Pepsi Company and Samsung Electronics are two examples of international corporations.
Below is a quick explanation of the topics covered in the MBA Global Business Management course to provide students a better understanding of the course:
MBA Global Business Management is a two-year postgraduate degree that focuses on business dealings (private and governmental, sales, investments, logistics, transportation, etc.) that take place between two or more countries or nations.
In order to prepare students for the domestic markets and businesses operating on a worldwide, the two-year MBA Global Business Management program incorporates both theoretical and practical study. Of all the courses available to students in any stream.
It could also be considered as a part of foreign trade, which involves the exchange of capital, goods, and services across national boundaries.
This program offers courses in a variety of subjects, including as export management, foreign languages, trade finance, and foreign exchange risk management.
Global business management includes a number of topics, including multicultural concerns, corporate methodologies, and international relations.
The students gradually acquire an extensive knowledge about important subject areas, such as marketing management, international marketing management, financial accounting, the Indian economy, trade policies, global business management, e-business, e-commerce, global business management strategy, international trade operation, and documentation, among others.
Why Should You Study an MBA in Global Business Management?
There are various reasons why students have been interested in this particular field in recent years. Some of the course's benefits include:
MBA Global Business Management is an excellent option for students who want to pursue a successful career in Global Business Management and work in Global and Transnational Countries.
After successfully completing the two-year program, graduates will have numerous options for a career in global business management.
They could work as a Marketing Executive, Strategic Business Consultant, Global Business Management Manager, Business Analyst, Business Technical Consultant, and other profitable professions.
These professionals are initially eligible to earn an average income of INR 3-12 lac per annum, which may improve further as their level of competence and expertise.
Cross Cultural Communication
Thus, cross-cultural communication refers to communication between people who differ in any of the following ways: working styles, age, nationality, ethnicity, race, gender, sexual orientation, and so on. Cross-cultural communication can also refer to efforts to exchange, negotiate, and mediate cultural differences using language, gestures, and body language. It is the means by which people from many cultures connect with one another.
Culture can be practiced at various levels by each individual. There is the culture of the community in which he grows up, the culture of his workplace, and other cultures in which he becomes an active participant or gradually withdraws from. A person is continually confronted with the clash between his native culture and the majority culture to which he is exposed on a daily basis. Cultural disputes occur when someone believe their culture is superior than others.
When two people from different cultures meet, they not only have distinct cultural backgrounds, but they also have various systems of turn-taking. Cross-cultural communication will be more productive and easier if both speakers are familiar with the conversation's turn-taking method.
AT THE END
Accurate Institute of Management and Technology (AIMT) offers an AICTE-accredited MBA program. The curriculum is designed to prepare students for professions in business administration, finance, and other business-related fields. Accounting, finance, marketing, management, and operations courses are included in the curriculum. Students can also choose from a variety of electives, such as courses in strategy, entrepreneurship, and international business.