Starting a business outside the geographical boundaries of a country requires assessing a number of factors. Drawing up a business plan, assessing demand and supply, applying for loans and grants, getting permits and licenses and deciding on the location of the business are important issues that preoccupy the entrepreneur. Very often, an entrepreneur focuses only on the technical aspects and ignores the cultural aspects of a business. A good business plan is useless, unless people believe in the success of the plan and are willing to do business with the entrepreneur. This is when cultural differences gain prominence. An entrepreneur who is unaware of the differences in intercultural communication will find it exceedingly difficult to communicate with potential suppliers and buyers and foster relations, that are necessary for any business.Students pursuing the International Business Collateral gain valuable competency and preparation for the global business market. International Business professionals must be more than aware of the world: they must be able to understand and function in a variety of countries and cultures. They must be able to analyze internationally events and concepts and apply them to the complex dynamics at play in realm of international business including political, economic, linguistic, environmental, and cultural considerations. The specialized training offered in the International Business Collateral prepares students to be business leaders and entrepreneurs in our increasingly complex world of multinational conglomerates, international subsidiaries, and emerging economies on a scale unlike anything we have seen before.
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