The world is changing at a pace that is not only fast but alarming, unstable, and highly competitive. This kind of international competitive market requires the best global mindsets to predict and forecast sales, downturns and opportunities. The threat posed by Asian competition is real, challenging and on some accounts frightening. European manufacturing units have been thriving successfully in quality measured products and have surpassed sales for the last decade. Asian market leads like China, Malaysia and Korea have risen beyond the expectations of even the greatest critics and has endorsed their existence as one of the most sophisticated players in the international market. And there is justifiable belief that within the next decade almost 75% of all house hold items; utensils, portraits and even dishwashers will be coming from these eastern countries alone. Different turn of events have shut down factories all over the world and international competition is gaining momentum at a pace that many of the industrial giants like Germany and Japan are now considering new tax benefits and strategic policies to align their products with the growth potential and demands of the international market.
Primarily, global awareness is now a mandatory requirement for all corporate leaders and executive team leaders irrespective of country, business and market segment. Even the smallest private corporation selling grains in Sri Lanka has to have a comprehensive understanding of international selling and trading to compete with the global giants and competitive corporations ready to outpace, outsell, and over achieve. Cut throat competition like the one we live in requires an international mindset that can calculate the risks and gains associated with such unstable rules of financial engagement. Courses and certifications in international business is now a prerequisite for all business leaders irrespective of area, age and business segment.
Corporations have now realized that their policies, processes and guidelines will no longer work in the world today. Robust and immediate databases, educated leaders, well versed financial magnets and dedicated and empowered work force is the necessity of the day. Business schools have picked up on this gap and have developed extensive programs and education courses that provide the students with the skill sets required to drive home sales, close projects and deliver good all within the domains of the changing colors of the international market.
The need has also driven non profit organizations, corporations, and individuals to provide the financial bandwidth to education institutions for research and development of their executive blocks. Millions of dollars have been provided to the colleges and universities working on improving the business school curriculum. Teachers are being encouraged to research on marketing practices, business policies and international global trade to further enhance the text books and curriculum available. Corporations are personally paying the fees for an executive education for their top slots from the best institutions in the world. The personal touch does conclude a certain number of years after the person graduates from the executive courses. Certain organizations prepare upcoming stars through these particular executive courses. Short and long term courses are available depending upon the area and the institution.
Executive programs and certifications in Prof. Accounting/Accounting as well as graduate certificates in International Business has been one of the top most taught courses and certifications around the world. Corporations, individuals and even non-profit organizations are all focusing on improving their accounting techniques and awareness of the laws and policies governing international business. Advanced management course are now being designed to broaden the scope of business policies and introduce awareness to the new markets that are being created within the international domain.
Some companies have now made policies for their staff to achieve certifications in accounting and international business before promotions can take place. Failure will comply in loss of a job in some cases. International business course allows the students to take volume of understanding regarding different cultures and practices. Several courses from different organizations and institutions even have trips to different countries to see first hand the trends that the text books boast about. Top notch business schools promoting execution programs almost make international trips mandatory and the assignments correspond to the countries that are visited. In some of the accounting executive courses, participants spend several days with a world-class faculty team and learn different algorithms and policies to save the company money. For the most part, corporations that have international footings require that their finance and accounts team take full ownership of the laws that prevail in different areas. This is to save the corporation millions based upon different laws and policies applicable in different countries. On many fronts, the accounting courses have facilitators that provide continuity and linkage and ensure that the group thoroughly processes the information presented. Several certifications also require a passing mark in the examinations.
One of the major benefits of taking an executive program in international business is to obtain full awareness of the international market and have the plethora of questions answered. Is the U.S. declining as an industrial power? What are the implications either?
Way? How quickly is Korea gearing up to compete as a major industrial power? What are the risks and opportunities related to doing business with the People’s Republic Of?
China? Answers to all of these types of questions as well as different models used for analyzing organizations, industries and countries are all a part of the curriculum. In certain international business courses, top manufacturing countries are taken into account and their extensive business cases studied. Different parameters of excellence are all measured against various performances and trends aligned. Good governance and practices established and gaps identified in other countries that have failed.
Business cases will also decipher the social, cultural and political trends as well as each country’s international trade goals, industrial strategies and economic performance
analyzed. Many of the top level business courses invite reputed senior managers to come and lecture on their particular area, segment or trend. Open dialogue takes place and interactive sessions allow the student to truly gauge the difficulties associated with doing business with the international markets. |
