International Business
The career of International Business Management is related to the ability of a professional to the creation of new businesses in the international market. Business people are professionals who know the reality of the international economy, able to relate to people, especially with managers of foreign companies to conduct business, and design projects to create new businesses and new products.
A degree in International Business Management focuses on business activities that a company performs with companies from other countries. For example, a business agent is responsible for the international expansion of the company (to grow the business beyond the borders of the country), the establishment of relations with foreign organizations (such as import and export) and the services provided at international (customs, freight).
International business (IB) has been a subject of academic research since the early twentieth century, principally focusing on trade and inter-company relations. The study of export activities, foreign direct investment, technology transfer and the management of transnational corporations (TNCs) was recognized as an appropriate and valuable goal of academic research only in the past three decades. As with other nascent disciplines, international business has advanced haltingly through several efforts to establish a theoretical base and agreed lines of investigation. The international product cycle described by Raymond Vernon (1966) probably was the first major theory of the movement of production overseas, rather than just to explain international trade; since then, several theories have been put forward and intricately iterated without any of them gaining world-wide acceptance. Each is partial in some significant sense, and none addresses the essential nature of international business. The consolidation of a theoretical base usually requires a number of years as the scope of the discipline is established. Despite the fact that academic and managerial interest in IB have grown rapidly with the expansion of business internationally, theories applied to IB have sought mainly, though not exclusively, to expand the arena of their explanations without incorporating responses of the firms to national policies and actions or the causes of those governmental positions. Yet, government interventions are central to IB practice and analysis. Any theory of international business must be a theory of policies and activities of business and Governments, in conflict and cooperation. Although there have been many studies of IB/ Government relations, there is still disagreement over the definition and scope of the IB discipline, with some basing it on theoretical.
