An international business development MBA is a career-changing programme that can drastically increase one’s chance for promotions on the global front, says Professor BN Mishra
Global companies developing businesses across countries have created a diverse and competitive workforce that can run businesses internationally. Graduation from an international business development MBA programme is a career-changing event that can drastically increase chances for promotions on the global front.
Today, every business is going to expand. It is the age of competition and everyone is trying to adopt the money-making technique. Companies that are aiming to expand and establish their business in a foreign country require candidates that are trained to deal with international scenarios and are knowledgeable with the concepts and theories that can be helpful for business’ establishment.
Here students are taught about the International Business Law & Ethics, Strategic Marketing & Branding, Intercultural Management & International Negotiation, Management of Innovation, International Partnerships and Mergers & Acquisition, Advanced Business Planning, Business Plan Jury Presentations, International Economics & Micro Markets to develop skills.
Roles and Responsibilities
International Business Development Managers are expansion wizards who craft successful strategies for taking companies into new avenues to maximise the Return on Assets. They are responsible to monitor the effective implementation of international business development activities. Develop individual business plans for each country. They administer and develop initiatives to increase sales and market development activities.
Help to analyse business strategies and develop improvement plans for the same to provide appropriate growth to the business. They manage all development processes and ensure compliance with government policies and regulations. Assist businesses to identify opportunities and develop strategic plans to enhance the same. Manage customer/client communication and maintain an effective relationship with all. Prepare and implement various capture methods for business development. Review competitor plans and the effect of products and services in management. Maintain all communication with Director. Evaluate market trends and provide appropriate support to product development.
Skills Required
Analytical and leadership skills, creativity, business development, market research, logistics, new customers, sales goals, expansion planning, intercultural competence are a must.
Scope
After completing this degree, you can join various enterprises or firms anywhere. Apart from global companies that contend on international markets. For example, airlines and chain restaurants, graduates of international business MBA programme frequently find careers within non-profit organisations, Government agencies, and banks.
Eligibility
Student must hold a bachelor’s degree minimum of three years duration in any of the disciplines & score at least 50 per cent marks in the qualifying exam. You can join this course after completing UG degree in BTech/BArch, Medical, Arts, Humanities and Science. One has to clear the entrance exam, group discussion and personal interview. There is no age limit to apply for this course.
Remuneration
This field has a good opportunity to get handsome salaries. A postgraduate in international business development from a reputed institution can get the initial salary offered range from `5 lakh to `8 lakh per annum and the designation will be as a business development manager.
The writer is chancellor, Bir Tikendrajit University, Manipur
