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.
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