20 February 2023
As the world is gripping around the wonders of globalisation, international businesses have paved the way for several sectors in the modern economy. This has led to partnerships, labour pools, supply chains, etc. throughout every sector of the world.
Earlier, international business was only a concern of large corporations, but today, it has encompassed every business, regardless of its size or maturity.
Do you want to work in an organisation that has vast international footprints and exposure? Or do you want to expand your business globally? Are you interested in partnering with foreign organisations for your business?
If you answer is “yes” to any of the questions above, then PGDM in international business will help you develop some important skills to master the art of international business making.
Strong Communication
If you want to work in a top leadership position in any firm, communication skills are fundamental step towards achieving it. A business cannot function or prosper without communication and therefore you need to develop strong communication skills, whether written or verbal.
Since, you shall be dealing with international client base, it is important to identify the languages that are most important to your career. When you invest your time in learning those langauges during the course, you will become proficient in those languages. This will open new avenues towards success.
Emotional Intelligence
Emotional intelligence is the ability to regulate your emotions while perceiving and manage others’. During your course, you will learn the art of self-awareness, wherein you will understand your strengths, emotions, motivations, and beliefs, and leverage them to reach your destination. You will also master the art of emotional tolerance, which will help you negotiate deals without causing much friction.
Cultural Awareness
We are surrounded by people belonging to different culture, ethnicities and race. This diversity makes the world a unique, interesting and a beautiful place to live in. However, sometimes, these cultural differences can actually lead to misunderstandings, conflict in your professional sphere thereby wrecking your precious business deals. When you learn the course amidst other individuals from different cultural backgrounds, you make yourself culturally aware by familiarising with their traditions, customs and beliefs. Strong cultural awareness can ensure that your communication syncs well with the intention, so that you can achieve your goal faster.
Hard Skills
Soft skills are important but hard skills are even more important if you want to acquire global business skills. You need to be proficient in management principles, economic theories and fundamentals, financial accounting and entrepreneurial frameworks. Sometimes, while working with foreign businesses, you often have to be self-aware on various political and social considerations that businesses operating in those countries such as taxes, freight, tariffs and trade policies.
Networking Abilities
For individuals aspiring to make a name in international business must develop a strong network of connections outside of your home country. When you network with a wide range of people, it can open the doors to unexpected business opportunities overseas.
According to a report, about 80% jobs are acquired through social networking skills. While online platforms like LinkedIn helps you to find and make professional connections across the country, excellent in-person networking ability through a PGDM course is instrumental for success in international business. You will be exposed to several national and international industry networking events where you will come across several dignified professionals from your home country and abroad. This is a great opportunity for you to meet like-minded professionals and grow your connections.
To sum it up, you definitely require a different and unique skill set to thrive in the world of international business. Since, you shall be subjected to unexpected, volatile, complex and vague situations and circumstances, a proper training through a well-structured PGDM course in international business will help you attain true success in international business.
