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Reflective Report-International Business Management

Question :

The article tends to cover detail about the reflection over the international business management which is being related with the organisations that does not has their limit in order to perform their job role with full potential for the single nation. In this, an individual tends to depict the overall experience of international business and performance criteria.

  • What is international business?
  • What are the challenges faced in international business?
  • Describe strategies that helps in overcoming suitable challenges?
Answer :

International business is concerned with any sort of situation in which production and effective distribution of goods and services are done across the national borders. For this, globalisation also tends to shift towards the interdependent global economy that leads to create great opportunities for the international businesses. In this, transactions of economic resources are done undertaking the skills, capital and individuals with the objective of international production of physical goods and services like finance, insurance, banking and construction. The reflection is based on my overall experience in which I tends to perform suitable job role within the international market as I am a learner and I have learned that many events leads to take place across the world. For which, reading suitable articles tends to enhance my general knowledge regarding the business environment and also help me out in order to understand course effectively.

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In regard of this, I also tends to connect with several sections and perform self analysis which is useful for me in terms of showing my own strengths and weaknesses and also tends to grab effective opportunities by developing strategy to eliminate threat. For this, I depict my own expectations of study by which I can improve my understanding of global market and perform several regions of world that tends to effectively undertake suitable study of international business. I also tends to know that the economy of world is increasing continuously and also tends to offer suitable vision for the global economic and business climate. Moreover, most of the organisations tends to prominently advise students who tends to effectively impact for the international businesses regarding the suitable study of foreign language and also tends to complete the overseas study for having effective experience. I also tends to examine the suitable business organisations in order to operate and perform within the international business environment that is helpful for me in gaining and effective understanding for the development and execution of strategy, organisational issues and managerial activities which is concerned with cross border activities.

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In regard of this, in order to perform at the international level, I tends to face lot of challenges like language barriers, different culture system and so on. For this, I must have effective and suitable strengths including healthy communication skills, well knowledge about the culture and overall society. Along with this, most of the business professionals get influenced by the international business as individual career planning of business is quite understandable while doing business with partners from other countries. Besides this, my weaknesses also include political system, geography and socio economic factors that leads to impact the running and functioning of company. Researching of organisation undertake their business practices undertaking the tradition and culture which is quite vital for the business regarding their success within the global market area. It is also difficult to understand that I also feel confusing in terms of performing at the international market. For this, effectively studying the international business is useful for me to overcome my weaknesses like I tends to prepare for the diverse business opportunities by knowing things in advance and develop knowledge for my counterparts in order to create a competitive advantage.

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Moreover, studying international business is useful for me as a student I need to develop suitable positions across the public, private and non-profit sectors. In regard of this, students tends to expect their day to day work in terms of revolving across the international trade, global business operations and planning for the industrial development. In regard of this, I need to opt suitable strategies which are useful for me to overcome my own weaknesses as I need to take lessons of various languages which is useful for me to gain knowledge about various languages. I must have knowledge about the political conditions, geography and overall environmental system of that particular area in which company want to expand or perform. In relation with this, I also tends to get diploma in global business from well recognised university as it is useful for me in order to increase my overall effectiveness within the changing global business environment. For this, globalisation is the fundamental concept that leads to change the way of doing business and works as continues to rewrite the suitable rules for business leaders.

Furthermore, I also have information regarding the production and manufacturing of products as the group project is the suitable challenge by which I tends to face difficulties to perform with team members at the time of submitting their agreed parts. Hence, I have learnt to be patient and also tends to make sure that the group effectively keep focus on the submission that can be sent at the given period of time in order to avoid hassle and pressure of group. For this, it include suitable benefit which is, it leads to create jobs for person in which company tends to decide to go further for their business.

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