What is International Management?
International management is the management of business operations in an organization serving markets and operating in more than one country.
International management involves understanding international economics, leading change in international corporations, and creating global business strategies.
What 3rd level courses are available?
Universities and colleges in Ireland are offering courses in International Management in the following subject areas:
- MSc in International Procurement and Supply Management – Equip yourself with the specialist skills required for successful careers in the procurement/purchasing and supply management fields across a broad base of industries.
- MSc in International Finance and Management – An introduction to international finance and management.
- Diploma in International Business and Global Strategy – Study the fundamentals of business on a global scale.
- Postgraduate Diploma in International Business – The course is specially designed to prepare graduates for the world of international business.
- BA (Hons) in International Business – This course provides a broad business education as well as building the knowledge, skills, and sensitivities to effectively work in our multicultural world.
- MSc. International Accounting and Business – Gain business knowledge and skills such as critical thinking, teamwork, and communication, analytical and managerial competence, and develop a diverse range of professional attributes.
- Business: Internationalization – Develop the skills and knowledge to work in international business environments.
Studying International Management
Many courses in International Management may take place over a few days, weeks, or even 1 year to 4 years depending on the course and modules selected. There are also part-time courses and night courses available so you can be sure to fit in your studies no matter what your schedule is like.
Courses will cover theory work through lectures, assignments, tutorials, and taught modules. Assessments will take place continuously with written examinations and practical assignments combined to achieve a qualification.
You could also consider work experience or a work shadow in the industry. Relevant work experience is a good way of demonstrating a genuine interest in the field and is regarded favorably by employers.
Work Experience will not only allow you to obtain a deeper knowledge and understanding of the industry, but it will also give you a chance to do some essential networking with other industry professionals and gain valuable contacts for the future.
Career options
After completing an International Management course you will be able to get started in a career that uses specific knowledge of business around the world and an understanding of international business operations.
Working across countries is a necessity for most firms today. Hence, there is a growing need for business and management graduates with an international perspective, who are capable of operating effectively in a globalized world. This concerns not only senior managers, but employees at all levels that have to interact with international customers and suppliers, partners, or international colleagues.
Employers tend to be larger companies that can dedicate time and resources towards developing their business. Common types of employers include banks and other financial institutions. education institutions, IT companies, manufacturing firms, and any business involved in the sales of products or services, pharmaceutical companies, and telecommunications and technology firms.
You could choose to specialize in a particular sector, such as IT or healthcare, or a particular area such as sales or marketing. There are also opportunities to move into consultancy work, providing advice to a range of companies.
As a business development manager, you’ll identify new business opportunities to generate revenue, improve profitability and help the business grow. Your work can involve careful strategic planning and positioning in the appropriate markets, or enhancing the operation of the business, position, or reputation in some way.
Working hours will depend on whether you are self-employed, employed by a company with set business hours, or if you are contracted to various businesses or companies. You’ll usually work a regular 9 am to 5 pm, Monday to Friday week, though you may on occasion have to work longer to meet a project deadline or when attending an event or conference.
Related jobs include:
- Business adviser
- Business analyst
- Corporate investment banker
- Human resources officer
- Management consultant
- Marketing executive
- Procurement manager
- Product manager
- Arbitrator
- Business development manager
- Data scientist
- External auditor
- Financial trader
- Sales executive
- Supply chain manager
- Compliance officer
- Digital marketer
- Financial manager
- Media planner
- Public affairs consultant
- Recruitment consultant
Further study
After completing a course in International Management you may choose to pursue further study in a specialist field to increase your knowledge base and skill set. Postgraduate study can also be used as a means to change career focus or to gain professional qualifications required to practice in certain career areas such as accountancy, business studies, economics, finance, international relations, and marketing.
FAQ
What is the importance of International Management?
International management is a critically important area of management because of globalization, the worldwide phenomenon whereby the countries of the world are becoming more interconnected and where trade barriers among nations are disappearing.
What are the advantages and disadvantages of International Business Management?
Some of the advantages of International Business are:
· Countries can consume those goods which they cannot produce
· The productive resources of the world are utilized to the best advantage of the country
· Heavy price fluctuations are controlled. If the price of any commodity goes up, the goods can be imported from abroad and their price can be brought down.
· Shortages in times of scarcity can be met from imports from other countries
· Countries that are not strong economically but are rich in resources may develop their industries
· International Business promotes peace and friendship
Some of the disadvantages of International Business are:
· The destruction of the cottage and home Industries
· Dependence on foreign business creates difficulties in times of need
· International Business may completely exhaust a country’s natural resources like coal and oil which are irreplaceable
Where can I study International Management?
Explore your options here
Did You Know?
· The formation of the World Trade Organization in 1995 broadened the international rule-set for trade beyond goods tariffs to regulations, services, and intellectual property.
· The WTO estimates a 7.2% improvement in international trade in 2021, after seeing a 9.2% decline in 2020.
· On July 20, 1969, Apollo 11 made history with the first human-operated expedition to the moon. Upon return, Astronaut Neil Armstrong and his colleagues had to declare tariff-exempt moon rock and moon dust samples to customs officials!
Comments