Reasons For Pursuing International Business Essay

Reasons For Pursuing International Business Essay

Length: 730 words (2.1 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

In today’s global market, more than before, multinational enterprises [MNEs] have been expanding their operations internationally. This rapid growth requires suitable staff to run new units in foreign countries. Leadership of these new units and MNEs in general requires a global mindset. “Each unit requires executives that navigate economic complexities, cultural ambiguities, and political challenges” (Daniels, 2013) while running an efficient and productive unit. MNEs need staff with international business background and understanding in order to have a successfully operated unit. There is shortage of leaders for the world stage. There are many reasons on why pursuing international business is the right thing to do, tremendous growth potential and high demand are to mention two. There are benefits to be a leader of an international business unit such job satisfaction and better life experience. On the other hand, there could some down fall from being away from home such as being forgotten by the home office and being downgraded once coming back home and high rate of turn around.
There is no doubt that as there is more and more globalization MNEs are in need of leaders with international business background. The growth potential comes from the fact that with one office in the home country there is not much room to growth and competes with everyone else for the top leadership positions. Starting another unit in a foreign country provides an opportunity for employees to grow and take on more responsibilities.
Job satisfaction and better life experience go hand in hand. Leadership role of a unit abroad could be very rewarding. Career development, financial wealth, expanded horizon and experiences are all example of how rewarding this...


... middle of paper ...


...t and second year (Daniels, 2013).
In conclusion, there are many reasons why studying international business is important for future leaders. Globalization is happening faster than ever and is creating a high demand for global mind sets. Knowledge of international business also bring with a tremendous growth opportunity as MNEs expand to different markets. There are pros and cons of taking on a global leadership position. There will be potentially a great job satisfaction which includes but is not limited to better pay and benefits. On the other hand being away from the home office could be disadvantage when repatriates seeking positions within the home office. Careful planning is needed by patriate executives to avoid turn around when going home. Overall the pros out weight the cons and the outlook for the patriated executive is very much bright with good planning.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Perceptions of Financial Students on Factors To Consider in Starting Business

- Human beings are continuously engaged in some activity or other to satisfy their unlimited wants. It is an economic activity, which is related with continuous and regular production, and distribution of goods and services for satisfying human wants. Starting a business is the dream of many individuals. In setting up a business takes imagination, research, analytical skills time and money without this resources, one cannot fully support his chosen things in mind before even pursuing a project like starting a business....   [tags: business failure, starting a business]

Better Essays
883 words (2.5 pages)

The Process of Pursuing the New Brett Werner Essays

- The Process of Pursuing the New Brett Werner As we thought about past and current innovations, I always felt like something was missing. Right now, the conclusion I've made is that we were considering only "the New" in our discussions. I am sure that our unintentional omission of "Pursuing" the new wasn't absolute - we talked about it, especially in LivKarin's presentation of traditional/conventional/alternative/sustainable/organic farming practices. But much of our time was more devoted to the innovations of society than to the process of innovation that I think is so important....   [tags: Essays Papers]

Free Essays
1595 words (4.6 pages)

What a Non-State Actor Is in International Affairs Essay example

- ... Societies are built on ideologies, so it needs to incorporate reason. Leaders have to be elected as a result of merit without resulting to favors as is the case in many democracies most of which could practice autocratic rule . When talking about international relations, this doesn’t imply that the focus is only based on how a specific country may be governed but rather how the political nature may be, due to different experiences amongst countries. Countries do thrive in the eyes of the international community....   [tags: cooperation amongst countries]

Better Essays
1866 words (5.3 pages)

Why I Chose A Business Degree Essay

- Out of 59 million people who were employed in 2015 with a bachelor 's degree, the 12 million who majored in business were most likely to be employed full-time and year-round. This shows that choosing a major requires careful consideration, time, and effort. After changing my major three times I finally came to the conclusion that being able to come directly out of college with a variety of different skills that I can apply to almost all industries was my top priority. This is why I chose a business degree, specifically double majoring in finance and marketing....   [tags: Academic degree, Bachelor's degree]

Better Essays
1012 words (2.9 pages)

International Business Case Study Essay

- Krom Bop-A-Lee’s experience in Bombay, India is undoubtedly a common one for those from First World countries unaccustomed to the relatively poor working conditions present in many parts of the world. As Westerners, many luxuries are taken for granted, and the absence of these luxuries can have a profound impact on one’s moral and ethical foundation. The Problem Within This Situation It is this impact upon Krom Bop-A-Lee’s psyche which serves as the primary problem in this particular situation. Krom Bop-A-Lee’s company should be proud to have her representing it; too often liaisons on international business trips of this nature are content to accept the overwhelming hospitality of their host...   [tags: International Business, business model]

Better Essays
1158 words (3.3 pages)

The Importance of Understanding Cultural Differences in International Business Communications

- Due to globalization, organizations rely on international transactions to take place to keep their business running. Even with knowledge of how important international interactions are for their companies’ success, miscommunication occurs and someone involved in the transaction is left scratching his or her head. This is a result of the lack of cultural training and understanding. This paper will discuss the different implications that have been discussed in the international business world. This paper will address some of the common barriers in international business communications, the steps that have been taken to alleviate these problems, and future consideration for international busin...   [tags: international business, cultural diferences]

Better Essays
958 words (2.7 pages)

Cultural Dimensions of International Business Essay

- Cultural Dimensions of International Business Introduction- This SWOT analysis is regarding Lion Nathan China Brewing Company and their competitive advantage in their business. The major issue in this case is analyzing the company's background and reasons for expanding into China while trying to forecast an appropriate managerial decision regarding the company's future. There are many sources of information we can use to inform us of the past decisions made and good data that can be used to make predictions about the future....   [tags: Globalization International Business]

Free Essays
1834 words (5.2 pages)

International Business Essay

- International Business Question No 1: Describe the four basic levels of international business activity.Do you think any organization will achieve the fourth level?Why or why not. Question No 2: For each of the four globalization strategies, describe the risks associated with that strategy and the potential returns from that strategy. __________________________________ Answer for question No 1: The four general levels of international buisness activity are: 1.     Domestic business 2.     International business 3.     Multinational business 4.     Global business....   [tags: International Business Management]

Better Essays
491 words (1.4 pages)

Essay on International Business

- International business contains all business transactions private and governmental, sales, investments, logistics, and transportation that happen between two or more regions, nations and countries beyond their political limits. Generally, private companies undertake such transactions for profit governments undertake them for profit and for political reasons. It refers to all those business activities which involve cross border transactions of goods, services, resources between two or more nations....   [tags: international production, companies]

Better Essays
1562 words (4.5 pages)

International Business Essay

- International Business 1. International Business is a transaction between two or more countries and is primarily based in a single country, but acquires some meaningful share of its resources or revenues (or both) from other countries. It comprises a large growing portion of the world's total business. Although it's riskier and more expensive it allows for greater variety on different products and services at lower prices. Domestic Business is a transaction within the home country; it acquires all of its resources and sales, and all of its products or services within a single country....   [tags: Culture International Relations Business]

Better Essays
1681 words (4.8 pages)