The prime reason behind the swift expansion of the world economy has been the international and domestic trading. This upholds Van Horne’s (1974) assertion that even at the risk of not maximising shareholder wealth in the short term, management of business firms ought not to ignore the need for ‘social responsibility’ which brings long term benefits although perhaps not immediately apparent.
The range of services offered varies by firm, but overall they help companies conceptualize, implement, and manage large or small international business development projects. The job of a fund manager entails handling financial investments of individuals, organizations, and large businesses.
Besides the IT industry, these roles are required in marketing, finance, banking, health care, telecom, and numerous other fields, as the essence of this profession is to design business models and do in-depth analysis. The improved communication system made available by ERPs, betters the customer relationship with the organization, thus facilitating business growth.
A firm’s appropriate market entry strategy will largely depend on its level of international development. After gaining the certification, I joined XYZ Inc., a company associated with the financial software designs, at the post of Interim Business Analyst.
One can establish a common language for business, the most widely spoken international language being English. In management of the international business, embracing the cultural diversity of the country may or may not bring success, but not doing so will surely increase the chances of stagnation or failure.