Dalai Lama said, “I find that because of modern technological evolution and our global economy, and as a result of the great increase in population, o
Dalai Lama said, “I find that because of modern technological evolution and our global economy, and as a result of the great increase in population, our world has greatly changed: it has become much smaller. However, our perceptions have not evolved at the same pace; we continue to cling to old national demarcations and the old feelings of ‘us’ and “them’.” In today’s world, what is needed is discernment of the events happening in and around the country, which have an effect-direct or indirect, on any industry in that country. SIIB’s flagship program of MBA in International Business (IB) helps students gain such expertise in multiple disciplines. Let’s dig a little deeper to find out what are the benefits of this niche course!
To survive in times where globalisation and jingoism are the two sides of the same coin, a deeper understanding of international markets, trade, cross-border investments, risks involved, and factors such as historical, political, socio-cultural, economic, environmental, technological and legal, is required. A comprehensive knowledge of these factors via theoretical and practical inputs helps learn students how to bridge the gap between domestic and international markets.
In a competent and rapidly changing world, management is a skill which is desired by almost every industry, in any part of the world. People who have an expertise in handling horizontal and vertical dimensions of the domain they are working in, helps them gain an edge over their peers.
In an interconnected world where geographical barriers have become non-existent, businesses welcome candidates who are multi-lingual and have some knowledge of cultures apart from that of their own. A person well versed in any foreign language is able to indulge in effective communication with foreign clients. It helps one to develop a better understanding of the workplace atmosphere if the company is based in some foreign country. Apart from this, it helps one broaden one’s professional as well as personal skills.
A person who is able to assess the global market opportunities, develop strategies to reduce the cultural differences, take well informed decisions keeping in mind the precarious social and political factors that come into play while doing any business, would find himself a plethora of prospects to flourish internationally.
SIIB thus provides its students with the right opportunities to learn, grow and apply their learnings to the corporate world thereby building a competent cadre of business executives and socially responsible corporates.