In the award-winning book “The world is flat”, the author discussed how businesses are now crossing nations and becoming international. These are golden times for anyone who wants to explore the global MBA option.
“The top three traders accounted for merchandise exports totalling almost US$ 5,300 billion.” (World Trade Organisation report of 2017)
Europe alone had exports worth $ 6,838,476,172 in the year 2017. Such stats are clear indicators that most business now need managers who are trained in a global economy and are aware of the international trade process. Global MBA gives you the chance to be such a well-trained manager. Running business operations at a global level supports the companies to reduce the costs, broaden their market shares. This also leads to companies becoming more competitive.
Businesses can tap new customers and even they can tap new markets across the world. Let’s say high precision German Equipment can find the customers in emerging Asian economies like India, Singapore and some parts of China. As a result, the German-based business will expand its sales resulting in more capital to fund other business operations. Tourism in Africa can help their economy as well as tour operators in Europe, America and other nations.
Global business leads to high-level competition among businesses. When any company enters the foreign markets, they have to compete with the local business in that country. Therefore, the foreign businesses must produce high-quality products. They also must give extraordinary service to perform better than their competitors. Sometimes they also need to sell their products at low cost to gain a bigger slice of market share. Due to this performance competition, consumers get a lot of benefits. They are able to get low-cost high-quality products.
With the exponential increase in technology, globalisation is also increasing simultaneously.
This alters the way any business professional needs to think about the company and its goals.
A new era has brought new opportunities and challenges. Global business education is the answer to address these challenges and opportunities.
Are you geared up to take your career to a new level? Are you aspiring to become a global professional? This is the time to explore the Global MBA option and become a leader in the global marketplace.
