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In today’s interconnected and swiftly evolving world, businesses are extending their reach beyond national boundaries. With the globalisation of economies and the rise in international trade, acquiring a robust understanding of international business skills is crucial for achieving global success. From cultural awareness to a sophisticated grasp of market dynamics, the capability to navigate the complexities of foreign markets has become a pivotal factor for companies seeking expansion opportunities and striving for success in the highly competitive global arena.
The significance of having international business acumen for success
Possessing robust international business acumen is essential for attaining global success. It empowers companies to comprehend and navigate the complexities of diverse markets, cultures, and regulations. This proficiency allows businesses to customise their products and strategies to align with the specific needs and preferences of customers worldwide. For instance, understanding cultural norms and values helps companies avoid cultural missteps and adapt their marketing messages effectively. Moreover, familiarity with international business practices and regulations is critical for overcoming legal and bureaucratic challenges. The future is promising for those skilled in global business management, with organisations expanding into new markets and businesses leveraging globalisation.
Growing demand for global business managers
Indeed, there is a growing demand for global business managers. The need for professionals in this field is expected to increase by 10% from 2018 to 2028.
The average salary for international business managers
In the last 5 years, salaries have increased by 8% for managers who have the ability to manage international businesses.
How should you develop your global business acumen?
To enhance your global business acumen, you must –
- Acquire a global perspective: Gain insights into international boundaries, trade, and global economics, and learn to negotiate with diverse cultural backgrounds.
- Develop managerial skills: Engage in individual and group projects, and hone competencies in problem-solving, decision-making, leadership, and multicultural team management.
- Enhance employability: Acquire a diverse skill set valued by prospective employers, with opportunities to specialise in various business functions.
- Gain a competitive edge: Understanding international operations provides an advantage in a globally competitive business environment, whether working abroad or for multinational companies conducting global commerce.
Success in this field requires a comprehensive understanding of both the theoretical and practical dimensions of international business. Many global employers are predominantly located in major cities like Hyderabad, India since it has become a burgeoning hub for businesses with multiple MNCs like Deloitte, Amazon, Microsoft, TCS, Accenture, Infosys, Capgemini, IBM, etc., and also education with numerous industry-relevant business programmes being offered by leading B-schools.
Why should you choose Hyderabad?
The Premier Destination for Study, Work, and Settlement
Hyderabad, known for its warm and inclusive culture, has long been a hub for trade and diversity. Its cosmopolitan nature makes it an ideal place to study, work, and settle.
Knowledge Capital of India
Known as the Knowledge Capital and Convention Capital of India, Hyderabad is home to prestigious institutes and universities, making it a hub for technical and management education.
A Hub for Global Giants
Hyderabad hosts numerous international companies –
- Salesforce: Largest facility outside San Francisco.
- Micron: Major development center.
- Uber: Asia’s first Center of Excellence.
- State Street: Significant global presence.
- Development Bank of Singapore: Key tech development center.
- Other majors: Legato, Intel, Microsoft, Amazon, Facebook, and more.
- Excellent Infrastructure
- Hyderabad’s infrastructure surpasses many other metros, with lower real estate costs and significant government-planned expansions through satellite townships.
Opportunities Abound
Hyderabad is a top city for employment, with many global companies setting up Global Capability Centres (GCCs), enhancing job opportunities even during economic slowdowns.
Tech City of India
Cyberabad, Hyderabad’s IT hub, has become a global IT center. The city has overtaken Bengaluru in IT sector jobs and office space absorption, with IT exports skyrocketing.
Diverse Industries
Hyderabad excels in information technology, pharmaceuticals, defense, aerospace, and life sciences, providing ample opportunities for students and professionals.
T-Hub: The Innovation Ecosystem
T-Hub, Hyderabad’s premier innovation hub, supports over 2000 startups, offering access to technology, talent, mentors, and investors, fostering entrepreneurial success.
Safety and Security
Hyderabad is one of India’s safest cities, with robust law enforcement and over 10 lakh CCTV cameras ensuring public safety.
Efficient Transportation
Hyderabad offers world-class transportation, including cost-effective bus services, MMTS trains, and a well-connected metro rail network, facilitating easy and reliable commuting.
Rich Heritage
Steeped in 400 years of culture, Hyderabad offers a rich blend of history, culture, and architecture, making it a vibrant place to live.
Also read: MBA in Hyderabad: Top Reasons Why It’s Your Best Choice
What are the popular business programmes and B-schools in Hyderabad?
Take a look at this list of all the leading MBA colleges in Hyderabad with their respective management programmes –
- Institute of Public Enterprise Hyderabad offers PGDM
- Badruka School of Management offers an industry-relevant PGDM programme.
- Woxsen University offers an MBA in General management, financial management, and Business Analytics
- Symbiosis Institute of Business Management offers an MBA programme
- Institute of Management Technology offers a PGDM and an executive PGDM programme
These programmes, as well as B-schools, are great, but without beating around the bush, let’s dive into what is considered top-notch!
The PGDM programme by Badruka School of Management
Bringing together new-age learning, technology, and innovation.
The PGDM programme at Badruka School of Management provides high-quality management education aligned with global standards. The curriculum integrates innovative courses with essential core subjects to establish a strong foundation in management. Our forward-thinking curriculum cultivates the critical skills and perspectives necessary not only to navigate but to excel in today’s dynamic workplace.
Pillars of Badruka’s industry-relevant PGDM programme
2-Year Full-Time Residential Programme
Assured 3-Month Internship
40+ Core and Elective Courses
Live Corporate and Social Project
12 Workplace Readiness Courses (ESPs)
1 on 1 Industry Mentor Programme
Reasons to choose Badruka School of Management
Faculty of Global Repute
Learn from faculty with credentials from prestigious international B-schools such as Wharton, Kellog, NUS, etc.
Immersive Learning Blocks
Master each subject in a 15-day teaching block for in-depth learning.
Workplace Readiness Skills
Develop vital skills for today’s workplace through our multidisciplinary Essential Skills and Perspectives modules.
Dedicated Career Services Office
Receive personalised career support, right from resume building to internships and placements.
Hands-On Industry Immersion
Gain real-world experience through live industry projects and mentorship programmes.
AICTE Approved
Join the AICTE-approved PGDM programme at BSM.
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Corporate Partners
Students gain access to a wide array of career prospects due to the backing of Badruka Education Society’s extensive network.
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