International Management


If you are managing business operations in more than one country, then you are practicing International Management. People who are professionals in this field become familiar with a variety of topics; this includes culture and language, eco-political environment as well as the countries business practices.

Ways You Can Approach International Management

There are three different ways to approach International management and each one has its own distinct features.

  1. The Ethnocentric Approach refers to the belief that one’s cultural group is more superior to others. When this definition is linked to the field of international commerce it describes the use of the same management style in all countries. The approach can be risky, as the business will fail to adapt to the native culture. As a result it can cause of number of problems for the business or even lead to serious failure.
  2. The Polycentric Management Approach focuses on hiring the locals as part of the workforce. This approach is based on the idea that locals are most familiar with their own county and work ethic. The business integrates the locals, with qualifications, into the management team; and this can help the company to succeed.
  3. The Geocentric Approach accepts the challenges in managing a business. They don’t look at the background of their potential employees. Instead they pick the most qualified individuals for their managing workforce. This style pushes the managers to consider the local and global consequences of their decisions, and as such it is a tricky approach to International Management.

Studying International Management

An individual can study International Management for their Bachelors or Masters degrees. The courses aim to instill key concepts and skills into the student; such as:

  • The advantages and complexities involved in management
  • Knowledge of the relationship between theoretical concepts and their application.

Skills

Studying International Management will give the students a variety of useful skills; which will help them to run their business smoothly and successfully. It will help to enhance a participant’s social, communication, management and leadership skills. These skills are not only useful for International Management but will help you in any number of courses and fields.

Career Opportunities with International Relations Degree

A degree in International Relations gives a student a variety of career opportunities. These include management positions in one of the multinational companies departments, roles in government or public institutions or as a business consultancy.

Hence, all these elements entail the branch largely known as International Management.