Business Expert

Pursuing an international business career is not an easy task, it usually requires extensive traveling, fluency in a second language which is almost always a requirement in international business, and of course working in this profession necessitates flexibility to fit into very different cultures than your own.

International business specialty offers different paths one could take. The many opportunities for professionals in American business are the same opportunities overseas some of which includes advertising and sales professionals, product managers, retail buying, travel and tourism business, banking, managers and trade experts. International companies must compete in the challenging market thus requiring the need for knowledgeable and business minded professionals.

A bachelors degree in business is often required for most people who choose a career in international business. Jobs can often be competitive and so many aspiring business students go the extra mile of earning their masters degree in either business administration (MBA) or international business (MIB). A bachelors degree is a four year course and a masters degree is usually one to three years after a bachelors degree.

Some programs are much more aggressive than others. However, for any of these programs, a high school diploma or its equivalent is a minor requirement. Since international business also involves working together and communicating within the cultures, fluency in a second language is another requirement. Programs of bachelors and masters degree are usually the most competitive and require a high GPA to be accepted. Consulting with a college career counselor is a good way to know the specific requirements for entry into specific programs.

Online programs offer all levels of preparation for elite individuals who aims towards a career in business. A lot of programs offer classes that can be completed at home. Specific programs can also be offered online such as a bachelors or masters degree in business administration, or associates in international business.

International business careers are very rewarding and yearly salaries in this field can vary greatly depending on the company and the type of business. Chief international executives can have pays ranging from $200,000 to $400,000 annually. Lower level directors and representatives may have salaries ranging from $50,000 to $130,000 per year. Higher end pay scales are most likely for those individuals who have a masters in international business and many years of experience.

Some of the leading schools that offer International Business programs are the University of Phoenix Business; Walden University; Ellis College; Regent University; Strayer University; Keiser College eCampus; Kennedy western University: Argosy University (Business & IT); National American University Online; LeTourneau University; Keller graduate School of Management; Berkeley College Online; Jones International University; and Cardean University.

‘Professional coaching is an ongoing professional relationship, that helps people produce extraordinary results in their lives, careers, businesses or organisations. Through the process of coaching, clients deepen their learning, improve their performance and enhance their quality of life……………………….. Coaching accelerates the clients progress by providing greater focus and awareness of choice’ International Coach Federation. www.coachfederation.org/abouticf/standards.htm

Effective coaching helps coachees in many ways, here are a few:

Unlock a person’s true potential through helping to raise their self awareness through enquiry, Find different perspectives to situation Build a ‘can do’ attitude’ Give the coachee specific time to focus solely on themselves Increase an individual productivity Ignites their passion Clarity about life purpose and goals

Research conducted by Manchester Consulting in 2001, found that there was a direct link between coaching and mentoring to bottom business results!!! 22% in profits over the term of their project!!

‘My tax partners know that in teaching tax technical skills they can instruct using the I will tell / show you technique, or they can use the ‘Here is a problem – what do you think is the solution?’ approach. The former may be more time efficient, the latter may lead to deeper understanding’ Bridget Allen, Head of Coaching KPMG

Did you realise from the quote about, that KPMG has a ‘Head of Coaching’? What does that tell you about the importance of coaching to businesses?

Do you have a personal coach either at work or externally? If yes, great!! If not, what is holding you back?

Don’t you want to accelerate your career or business, have greater self awareness, improve your business relationships and increase your performance/ productivity / profits?

I have been providing business mentoring and coaching services for years now and I also have a business coach and my coach Terri Levine http://www.levinebusinesscoaching.com/about has coaches for her different areas of focus!!! Tiger Woods even has a coach and he is the best in the world!!!

People ask ‘Why does Tiger have a coach?’ Do you know the answer? The answer is because he cannot see himself!!!!

For us to become the ‘Tigers’ in our businesses, organisations and in our lives, we need help from experienced people to help us ‘see ourselves’ and to help us to grow.

The recession in the US market and the global meltdown termed as Global recession have engulfed complete world ecomony with a varying degree of recessional impact. World over the impact has diversified and its impact can be observed from the very fact of falling Stock market, recession in jobs availiability and companies following downsizaing in the existing available staff and cutting down of the perks and salary corrections. Globally the financial sector sacking the existing base of employees in high numbers in US the major example being CITI Group same still followed by others in hospitality industry Jet and Kingfisher Airlines too. The cut in salary for the pilots being 90 % can any one imagine such a huge cut in salary.

In the globalized market scenario, the impact of recession at one place/ indusrty/ sector perculate down to all the linked indusrty and this can be truly interpreated from the current market situation which is faced by the world since approx 2 month and still the situation is not in control inspite of various measures taken to fight back the recession in the market.The badly hit setor at present being the financial sector, and major issue being the “LIQUIDITY Crises” in the market.

In-spite of the various measures to subsidise the impact of the recession and cut down the inflation present nothing really sound have been done.

Various steps taken by RBI to curb the present recession in the economy and counter act the prevailing situation.

The sudden drying-up of capital inflows from the FDI which were invested in Indian stock markets for greater returns vizualizing the Potential Higher Returns flying back is continuing to challenge liquidity management.At the heart of the current liquidity tightening is the balance of payments deficit, and this NRI deposit move should help in some small way.

To curb the liquidity crises the RBI will continue to initiate liquidity measures as long as the current unusually tight domestic liquidity environment prevails. The current step to curb these being lowering of interest rates and reduction of PLR.However, the big-picture story remains unchanged – all countries in the world with current account deficits and strong credit cycles are finding it difficult to bring cost of capital down in the current environment. India is no different. New measures do not change our view on the growth outlook. Indeed, we remain concerned about the banking sector and financial sector. The BOP- Balance of Payment deficit – at a time when domestic credit demand is very high – is resulting in a vicious loop of reduced access to liquidity, slowing growth, and increased risk-aversion in the financial system.

In total the recession have turned down the growth process and have set the minds of economists and others for finding out the real solution to sustain the economic growth and stability of the market which is desired for the smooth running of the economy.

Complete businesss/ industry is in dolledrum situation and this situation persist for a longer duration will create the small business to vanish as they have lower stability and to run smoothly require continous flow of liquidity which is drived from the market.

In present situation down fall in one sector one day leads to a negative impact on the other sector thus alltogether everyone feel the impact of the Financial crises with the result of the current recession which started in US and slowly and gradually due to linked global world have impacted everyone.

Solution for the problem still remain at the top of the mind of every one, still everyone facing the impact of recession but how long is the major question which is of great importance.