18/05/2021

Categories: Business Management, Retail, Logistics and Supply Chain Management, Postgraduate

Future Challenges for Global Business

The business landscape has changed monumentally over the past year. With the COVID-19 pandemic impacting industries all across the globe, a whole host of potential challenges are emerging for international businesses competing in the global marketplace.

Businesses Are Wondering How to Prepare For What Lies Ahead

Any international business competing in the global marketplace has had to manage dual health and economic crises in the past year. These crises have driven creative partnerships, consolidations, numerous bankruptcies, the re-engineering of supply chains, remote working on an unprecedented scale, and new customer and employee engagement protocols.

A lot of those involved in international trade are trying to help businesses prepare for what lies ahead. Survival and building resilience is the first step. This not only relates to the impact of the ongoing pandemic and their competitive positioning, but also recent social unrest, catastrophic climate events, and recently unleashed cyber attacks. By obtaining an International Management Degree, you can help businesses in dealing with these ever-changing global business challenges.

Societal, Technological, and Political Disruption

There are disruptions from all sides at the moment for the international business competing in the global marketplace, and three critical risk drivers must be closely watched; societal, technological, and political disruption.

With regards to the political side, companies must be aware of the various trajectories of stimulus packages and how they could be skewed to certain company types of sectors along with credit availability.

Technological drivers are also disrupting and accelerating the business landscape. An unheralded tech revolution has been born from the pandemic, for both small and big companies alike. Work and social interactions have been transformed overnight as a consequence of rapid digitalization. Streaming, gaming, virtual conferencing, and e-commerce have all undergone unprecedented growth levels.

Rapid digitalisation has also increased cyber exposure by an exponential level, meaning networks that are potentially less secure and more complex.

Finally, real pressures are also being created as a consequence of societal drivers. Global business practices are coming under further scrutiny, especially when it comes to climate change and also governance, social, and environmental aspects of business performance. More than ever before, investors, employees, and consumers expect businesses to reflect their values.

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Training in MSc International Management

If you can see yourself being immersed in the world of global management, taking a postgraduate International Management Degree at the University of Bolton could be just the thing for you.

In a business world that is increasingly international, employers are looking for graduates who have an understanding of worldwide management practices. With a postgraduate International Management Degree, you will have the chance to build your cross-cultural management skills, opening up opportunities all around the world.

This degree course has been designed to offer you a significant grounding in international trade management practices and theories. You will get access to exceptional facilities, which include comfortable learning areas, Wi-Fi, IT resources, our 24/7 library, and much more.

Couple this with our inclusive and friendly environment, and it is not hard to see why our University has been voted No.1 for Student Satisfaction the past three years.*

You can email our friendly and professional team at enquiries@bolton.ac.uk should you have any questions about going to University in Greater Manchester or taking a postgraduate degree in MSc International Management.

Come and enjoy #UniAsItShouldBe. With a supportive learning environment, a passionate team of staff and vibrant facilities, the University of Bolton is the perfect place for you to start a thriving career in international trade management.

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We have the answers to your questions, find all the advice and support in one place.

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