Question

write up 2 pages paper detailling the advantagesod a job in the business/global businessworld base your write-up on information taken directly from the readings as well as your ideasand opinions about a careerin business/ global businessas well as any relevant information you may find online on the topic.

SO YOU WANT A JOB // in Global Business / Hvor late whether backpacking your way through Central America or sipping espressos at five-star European restaurants is your style, the increasing globalization of business might just give you your chance to see what the world has to offer. Most new jobs will have at least some global component, even if located within the United States, so being globally aware and keeping an open mind to different cultures is vital in today's business world. Think about the 1.3 billion consumers in China that have already purchased 500 million mobile phones. In the future, some of the largest markets will be in Asia. Many jobs discussed in chapters throughout this book tend to have strong international com- ponents. For example, product management and distribution management are discussed as marketing careers in Chapter 12. As more and more companies sell products around the globe. their function, design, packaging, and promo tions need to be culturally relevant to many dif ferent people in many different places. Products very often cross multiple borders before reach- ing the final consumer, both in their distribution and through the supply chain to produce the products. Jobs exist in export and import management product and pricing management, distribution and transportation, and advertising. Many "bom global companies such as Google operate virtu. ally and consider all countries their market. Many companies sell their products through eBay and other Internet sites and never leave the United States. Today communication and transportation facilitates selling and buying products world- wide with delivery in a few days. You may have sold or purchased a product on eBay outside the United States without thinking about how easy and accessible international markets are to busi ness. If you have, welcome to the world of global business. To be successful you must have an idea not only of differing regulations from country to coun try, but of different languages, ethics, and com- munication styles and varying needs and wants of international markets. From a regulatory side, you may need to be aware of laws related to intellectual property, copyrights, antitrust, adver tising, and pricing in every country. Translating is never only about translating the language. Per haps even more important is ensuring that your message gets through. Whether on a product label or in advertising or promotional materials, the use of images and words varies widely across the globe.

Answer 1

Global business means an international trade concept. A company engaged in business globally. examples of global business are MC Donald, KFC, MNCs etc........Major forms of global business are:- Import and Export Foreign direct investment Franchising licensing Outsourcing etc.. Advantages of a career in a business/ global business -----> Opportunity to travel around the world.             One of the attractive factors of a global business career is exploring new countries, cultures, cuisine, or tastes as a part of the job. Most of the MNC's job locations are in different countries; their parent company located in one nation but they will open their branches overseas to expand the business. -------> Knowledge in Global marketing It is a strategy to adjust or adapt to the terms and conditions of a firm with other countries' rules and market. If engaging in global business will help to take advantage of the commercial operations. --------> High earnings International trade deals with different countries with different GDP growth and the establishment of inter-country trade had a chance to earn more income than a native employee. Windfall gains in business also vested with the appreciation of the currency. So, a chance for higher returns from global investment.

--------> Career growth The global business scenario provides an opportunity to improve career by learning the acquisition of individual traits like leadership skills, teamwork. Engaging in an MNC job will change one's personality and perspective of the world. ---------> New technology and innovation Global engagement helps to acquire new technologies from a different country. It helps to attain a competitive nature in business. As a result of competition, innovation takes place. So we get a chance to part of the innovation and the new technology. Most of the MNCs had the Research and development department it mainly deals with innovation and implementation of technology. ----------> Adaptability and Creativity Jobs in this field needs more creativity and adaptability. New ideas are accepted in this field and improve persons adapting/ adjustment capability. More independence in thought due to the creative aspect and jobs in the global business helps more to realize the talent of an individual while comparing with other sectors. ----------> Entrepreneurship skills Corporate job experiences are an asset for self -employed one to emerge as an entrepreneur. This global business job experience helps an individual to be a successful entrepreneur by providing this job platform as a space for the acquisition of knowledge about the world, technology, market, culture, etc.