essay about global business

The Reasons Why You Need to Study Global Business

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Global business is a term used to describe both international trade and the act of a company doing business in more than one area (i.e. country) of the world. Some examples of well-known global businesses include Google , Apple, and eBay. All of these companies were founded in America, but have since expanded to other areas of the world.

In academics, global business encompasses the study of international business . Students learn how to think about business in a global context, meaning that they learn about everything from different cultures to the management of multinational businesses and expansion into international territory.

Reasons to Study Global Business

There are lots of different reasons to study global business, but there is one primary reason that stands out among all of the others: business has become globalized . Economies and marketplaces around the world are interconnected and more interdependent than ever before. Thanks, in part, to the internet, the transfer of capital, goods, and services knows almost no boundaries. Even the smallest companies are shipping goods from one country to another. This level of integration requires professionals who are knowledgeable about multiple cultures and able to apply this knowledge to selling products and promoting services around the world.

Ways to Study Global Business

The most obvious way to study global business is through a global business education program at a college, university, or business school. There are a number of academic institutions that offer programs focused specifically on global leadership and international business and management.

It is also becoming more common for degree programs to offer global business experiences as part of the curriculum -- even for students who are majoring in something like accounting or marketing rather than international business. These experiences may be known as global business, experiential, or study abroad experiences . For example, University of Virginia's Darden School of Business provides MBA students with the opportunity to take a 1 to 2 week themed course that combines structured classes with visits to government agencies, businesses, and cultural sites.

International internships or training programs can also provide a unique way to immerse yourself in global business. The Anheuser-Busch company, for example, offers a 10-month Global Management Trainee Program that is designed to immerse bachelor degree holders in global business and allow them to learn from the inside out.

Top-Notch Global Business Programs

There are literally hundreds of business schools that offer global business programs. If you are studying at the graduate level, and you're interested in attending a top-tier program, you may want to start your search for the perfect school with this list of high-ranking programs with global experiences:

• Stanford Graduate School of Business - At Stanford, every MBA student is required to participate in global experiences to increase their knowledge of international business and management. While participating in the school's Global Management Immersion Experience (GMIX), students live and work in another country and learn about global business through complete immersion.
• Harvard Business School - Harvard curriculum combines the case method with the field method. Part of the field method involves global intelligence, which requires students to gain real-world experience by developing a new product or service for one of Harvard's global partner organizations.
• Kellogg School of Management at Northwest University - Kellogg's global MBA curriculum requires students to partner with other international students to gain an understanding of international markets and develop market-based growth strategies for international organizations. 
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5 International Business Examples to Learn From

• 29 Jun 2021

Despite the rise in geopolitical conflicts and concerns around global health in the aftermath of the COVID-19 pandemic , international business continues to thrive. According to a Profile Tree report , about 70 percent of international trade involves global value chains—meaning different stages of production are located across different countries.

“There has never in the history of the world been a more exciting time to be conducting business across international borders,” says Harvard Business School Professor Forest Reinhardt in the course Global Business . “The opportunities are enormous—to make money, to learn more about the world, and to make the world a better place.”

If you’re interested in entering this exciting sector, here’s an overview of what international business is and what factors can help make your company successful.

Access your free e-book today.

What Is International Business?

The term international business refers to any business that operates across international borders. At its most basic, it includes the sale of goods and services between countries.

Yet, other forms of international business do exist. For example, a business that produces components or products overseas but sells them domestically can be considered an international business, as can an organization that outsources services, such as customer service, to locations where labor expenses are cheaper.

For most organizations, decisions around building, producing, and selling products or services are informed by many factors.

Cost is an important one because businesses that primarily operate in developed markets, like the United States and Europe, can often source cheaper labor abroad.

Other factors play a role in decision-making, too. For example, an organization that makes a conscious effort to become more sustainable may produce its product as close as possible to the end user to reduce greenhouse gas emissions related to transportation, even if it might result in higher labor costs. Likewise, a business may take pride in sourcing local labor to create jobs and support the economy.

What Makes a Successful International Business?

Although international business can benefit the global economy, it also carries inherent risks. The fact that each country has its own government, regulations, inflation rates, and currency can complicate business models and must be weighed against the perceived benefits of operating internationally.

Some of the most common challenges of international businesses include language and cultural barriers, currency exchange rates, and foreign politics and policies.

“Although international business is extremely exciting, it can also be risky,” Reinhardt says in Global Business. “And it pays us to understand how to manage these risks.”

To be successful, international businesses must be resilient, adaptable, communicative, and resourceful. They need to have a deep understanding of international economics to anticipate how global markets will affect their bottom line and international marketing to effectively communicate their organization’s value to diverse audiences.

Are you interested in working with an international organization? Do you have plans and aspirations to take your business international?

Here are five well-known international businesses that have successfully—and not so successfully—navigated the global market.

Examples of International Businesses

Apple Inc., founded by Steve Jobs, Steve Wozniak, and Ronald Wayne in the 1970s, is now considered one of the most influential international companies. Headquartered in the United States, Apple designs, develops, and sells electronics, software, streaming, and online services worldwide.

Apple opened its first international location in Tokyo, Japan, in 2003 after saturating the American market. Under Jobs, Apple touted ease-of-use, innovative design, and customer loyalty with the marketing slogan, “ Think Different ,” and it continues to use visionary strategic marketing and a tight ecosystem to overcome competition and attract creative audiences around the globe.

Apple not only sells products internationally but has supply chains from 43 countries that ship supplies to China for final production and assembly. By keeping a tight-knit and strong relationship with suppliers, strategic inventory, and a focus on sustainability, Apple stands as one of the world’s most successful companies.

2. Financial Times

The Financial Times is a formerly British daily newspaper that’s now owned by the Japanese holding company Nikkei. The Financial Times’ mission is to deliver unbiased, informed investment and economic information to empower individuals and companies to make secure investment decisions.

The Financial Times had a rocky start trying to break into the international market. Andrew Gilchrist, former managing director of the Financial Times , describes his experience at the publication in the online course Global Business .

During his tenure, the Financial Times prioritized entering the international market in India. Despite a large English-speaking population and strong government support, domestic journalism was considered culturally and legally suspect. In fact, the Financial Times was eventually tied up in legal knots because the local newspaper barons were able to challenge every move through the courts.

Eventually, the Financial Times’ attempt to go international in India led to an economic slowdown and sluggish company growth.

3. McDonald’s

Two brothers, Maurice and Richard McDonald, converted their drive-through barbecue restaurant in San Bernardino, California, into a burger and milkshake restaurant—now known as McDonald’s—in 1948.

The McDonald brothers focused on creating a better business system geared toward self-service and efficient and repeatable processes that relied on heating lamps instead of waiters. This model, known as “ Speedee ,” led to lower costs, cheaper products, and faster growth. It became the epitome of “fast food.”

Soon after, Ray Croc took McDonald’s a step further by bringing in franchisees and suppliers, leading to the creation of restaurants across the United States. McDonald’s model continued to expand, and, in 1967, the company opened locations in Canada and Puerto Rico .

McDonald’s has been internationally successful, thanks in large part to the consistency its business model allows. The fact that a Big Mac tastes the same regardless of which country you order it in is a testament to the company’s long history. Today, there are 38,000 restaurants in more than 120 countries.

4. Coca-Cola

Coca-Cola was created by pharmacist John Pemberton in 1886 at a soda fountain in Atlanta, Georgia. It was used as a tonic for common ailments due, in part, to the addition of cocaine and caffeine derived from the kola nut, which was a major ingredient at the time. (This was later removed from the recipe in 1903.)

Although popular at its inception, Coca-Cola became the company it is today because of the marketing and business leadership of Asa Griggs Candler and future investors, who dramatically increased sales and expanded syrup factory production into Canada.

Eventually, an independent bottle company licensed the rights to Coca-Cola’s syrup production and distribution, streamlining production and generating massive profits. Coca-Cola later remarketed for Germany, China, and India, and it’s now sold everywhere except Cuba and North Korea .

Coca-Cola currently has over 900 bottling and manufacturing facilities worldwide , many of which are in North America, Asia, and Africa.

H-E-B is a popular American grocery company with more than 340 stores in Texas and northeast Mexico. It was founded by Florence Butt in 1905 and expanded into Mexico in 1997.

The primary driver of international expansion wasn’t a desire to capture greater market share, but rather, a desire to gain access to foreign produce markets in warmer climates, from which the company could source produce during its domestic suppliers’ off-season in the northeastern United States.

Craig Boyan, president of H-E-B, explains in Global Business that, upon becoming an international business, H-E-B bought blueberries from Chile and Peru to sell year-round. Despite it being expensive to ship blueberry crates to Texas, this enabled the company to continue meeting its customers’ needs. Since then, production has increased with demand, especially in Mexico, which has an ideal climate to produce blueberries year-round. H-E-B now sources blueberries mostly from Mexico, making them more available and affordable for customers.

Why Study International Business?

Many global businesses succeed by expanding their markets, production operations, and supply chains internationally. But doing so requires savvy business leadership bolstered by economic knowledge, an understanding of markets, and the ability to learn political and cultural trends.

Furthering your education in global business is an effective way to gain these skills.

Acquiring them, along with experience, can lead to a successful career in global business. Some of these important skills include:

• Strong communication skills
• Emotional intelligence
• Cultural awareness
• Knowledge of finance and accounting
• Entrepreneurship skills
• Understanding of global economics

Start Expanding Your Business Internationally

Regardless of the role, professionals must stay current on all business practices. A global business education provides a wide range of opportunities to create and capture value for organizations. To bring this value to the workplace, individuals need to understand the economic, political, and social factors that drive change and how decisions affect global markets .

Strategists and entrepreneurs should learn about the broader macroeconomic and political landscape of their organizations to grow their business internationally and manage global teams. Professionals in heavily regulated industries can also use this knowledge to develop approaches and frameworks to navigate their complex industries.

If you’re considering joining a global business or thinking about ways to expand your organization internationally, completing an online Global Business course is an excellent way to quickly gain those skills.

Are you interested in breaking into a global market? Sharpen your knowledge of the international business world with our four-week online course Global Business , and explore our other business in society courses. Not sure which is right for you? Download our free course flowchart .

This article was updated on April 23, 2024. It was originally published on June 29, 2021.

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Essay On Globalization and Business

In this essay we will discuss about Globalization and Business. After reading this essay you will learn about: 1. Introduction to Globalization and International Business 2. Globalization of Business – A Historical Perspective 3. Concept 4. Dimensions 5. Factors Influencing 6. Factors that are Used for Restraining 7. Methods to Measure 8. Reality or Myth 9. Major Arguments in Support and Others Details.

• Managing Business in the Globalization Era

Essay # 1. Introduction to Globalization and International Business:

The forces of globalization have hardly been as intense before as to be explicitly evident as influencing our daily lives. The advents in information and communication technology (ICT) and the rapid economic liberalization of trade and investment in most countries have accelerated the process of globalization. Markets are getting flooded with not only industrial goods but also with items of daily consumption.

Each day, an average person makes use of goods and services of multiple origins—for instance, the Finnish mobile Nokia and the US toy-maker’s Barbie doll made in China but used across the world; a software from the US-based Microsoft, developed by an Indian software engineer based in Singapore, used in Japan; the Thailand-manufactured US sports shoe Nike used by a Saudi consumer.

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The increased integration of markets—goods and financial—the mobility of people with transnational travels for jobs and vacations, and the global reach of satellite channels, the Internet, and the telephone all have virtually transformed the world into a ‘global village’.

‘Globalization’, one of the most complex terms used in international business, has wide connotations. Interestingly, ‘globalization’ is a term not only used and heard frequently, but also as often misused and misinterpreted. Globalization is used to refer to the increasing influence exerted by economic, political, socio-cultural, and financial processes across the globe.

Globalization not only offers numerous challenges to business enterprises but also opens up new opportunities. In the earlier era of restrictive trade and investment regimes with much lower degree of interconnectedness among countries, companies solely operating in their home markets were generally protected and isolated from the vagaries of upheavals in the international business environment.

Therefore, developing a thorough conceptual understanding of international business has become inevitable not only for the managers who operate in international markets, but also for those who operate only domestically.

Economic restrictions became pervasive around the world after World War I, leading to de-facto de-globalization. Besides, the import substitution strategies followed by most developing countries, which gained independence from colonial rule in the post-World War II era, considerably restricted international trade and investment.

A number of multilateral organizations set up after World War II under the aegis of the United Nations, such as the World Bank (WB), the International Monetary Fund (IMF), the General Agreement on Tariffs and Trade (GATT), and the World Trade Organization (WTO), facilitated international trade and investment.

Elucidating the conceptual framework of globalization, encompassing financial, cultural, and political aspects, besides the economic. Movers and restraining factors of globalization have also been examined at length.

The arguments both for support and criticism of glo­balization have also been critically evaluated. Globalization offers challenges and opportunities for business enterprises and firms are required to adopt the most effec­tive response strategy.

Essay # 2. Globalization of Business – A Historical Perspective:

Globalization is not a new phenomenon. In the initial years of human history, people remained confined to their communities, villages, or local regions. There were hardly any formal barriers, such as tariffs or non-tariff restrictions, for the movement of goods or visa requirements for people. The concept of globalization can be traced back to the phenomenon of a nation-state.

In the beginning of the Christian era, India was the most populated country with 75 million people constituting 32.5 per cent of the world population (Fig. 1.1), followed by China (25.8%) with 59.6 million, Italy (3%) with 7 million, France (2.2%),with 5 million, Spain (1.9%) with 4.5 million, Germany (1.3%) and Japan (1.3%) each with 3 million people, whereas the UK (0.34%) and the US (0.29%) inhabited merely 0.8 million and 0.7 million people, respectively, out of the total world population of 230 million.

(iv) Improved Efficiency of Local Firms :

The heightened competition by multinationals compels local businesses to adopt measures to cut down costs and improve quality for survival. On one hand, competition makes the survival of inefficient businesses difficult; on the other, it encourages firms to evolve innovative methods to improve productivity. As a result, business enterprises become more competitive not only domestically but also internationally at times.

(v) Increase in Consumer Welfare :

Consumers benefit by increased access to products and services from manufactures across the world. An import restriction in a large number of developing countries has deprived consumers of global brands and the quality thereof.

Besides the intensification of market, competition has also compelled domestic producers to reduce prices. As all domestic and multinational companies compete with each other to woo the customer, the consumer became the ultimate gainer.

Essay # 10. Major Grounds where Globalization is Criticised:

Globalization is often denounced by social organizations, NGOs, politicians, consumers, and even the general public on multiple grounds as the sole cause of all ills. It is often decried as just another term for Americanization and US global imperialism.

There have been numerous protests against globalization in various parts of the world. Contrary to general belief, the support for globalization is the lowest in the US and even in certain other developed countries, including France, Britain, and (Germany, whereas it is much higher in developing countries such as India and China (see Exhibit 1.5).

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Sample Business School Essays

Studying business is a great way to gain valuable working experience across many industries. As such, many students decide to further their education with a degree in business. To help set your business school application apart from the others, having a stellar application essay can help tremendously. Before writing your own essay make sure you explore our sample essays to gather a few ideas and thoughts on how you can make your essay unique and engaging.

This section contains five business essay samples:

Business School Essay Sample One

Business school essay sample two, business school essay sample three, business school essay sample four.

• Business School Essay Sample Five

Watching my brother transform from a man who had lost his ability to walk to a man who can play basketball with my father kindled my fascination of the physical therapy world. The Bureau of Labor Statistics anticipates the field of physical therapy to grow faster than average in the upcoming years. I hope to join this field during an exciting time of growth, furthering the rehabilitation of those who have been injured.

Following graduation from ABC Business School, I intend to serve a marketing team in a local physical therapy company, such as Ridgeview Physical Therapy. My short-term goal is to lead a team, furthering success in the Ridgeview area. Due to the popular physical therapy company thirty miles from Ridgeview, much of the local population is unaware of the quality services Ridgeview Physical Therapy has to offer. I hope to increase visits by 40 percent in the first 5 years of my employment. My long-term goal includes extending the company’s reach into surrounding cities, and eventually beyond national barriers, becoming a global marketing manager.

I expect to gain skills and experiences from ABC Business School that will propel my short and long-term goals. I hope to develop an experiential and diverse learning experience and have the opportunity to interact with different groups of people to learn from their business insights and endeavours. From ABC Business School, I seek the tools and resources needed to further engage in my marketing knowledge, perform professional strategic analyses, and re-evaluate my past work experiences. I look forward to taking courses from Professor Jim. W. Reid, who has published the research of the success of Matthews and Marketing in his book, “Matthews Commerce,” which has helped me continue my career this far. I also look forward to taking the unique classes taught by Professor Rachel E. Davis, introducing me to the physical therapy world and enriching my business skills in that area.

When my brother’s car accident in 2011 caused immobility in his left leg, he never thought he would be able to play his favorite sport again. David Andrews, a 1994 graduate from ABC Business School, ensured that that would not come to pass. I spoke with Andrews about his journey, and he told me that it was through the opportunities and education he received from the professors and students at ABC Business School that helped him open his own practice. I hope to follow in Andrews’s footsteps. With the passion I have for the success of Ridgeview Physical Therapy, and the determination I learned from watching my brother, all I need to complete my goals is the knowledge available to me through an MBA at ABC Business School. I look forward to completing my career aspirations using the tools received from ABC Business School to contribute to my professional career.

The world of physical therapy is growing, and with my skills in marketing, I hope to grow the local Ridgeview services across the globe.

In this essay, the applicant is assigned to answer the prompt in approximately 500 words. The admissions officer expects a clear and concise essay that does not veer off the question and exemplifies quality writing, grammar, and punctuation. In questions similar to these, the admissions officers are looking for: Student’s understanding and knowledge in answering questions: The writer explains his short and long-term career goals, referencing the future of the career (Bureau of Labor Statistics) and quantifying his goals (Increase by 40 percent within the first 5 years). A deeper look into who the applicant is: Writer shares personal information that also relates to answering the question (brother in physical therapy). Make sure that any personal information you share does not veer off of the question that needs to be answered. Proper research on the school to adequately answer the second question: Student mentions names of professors who have demonstrated help in the past (professor’s business research book) giving credibility to the student that he believes they will be able to help him in the future. Avoid flattery and only speak of the school in a way that shows proper research and answers the question presented.

Nancy, the CEO of Jasmine Publishing House, bought me a coffee and told me I should invest in warm gloves as we sat down at a corner diner for what would be a game-changing business meeting. As the leading publishing house in Europe, Nancy informed me that JPH was interested in closing a multi-million dollar deal with our fashion magazine, Zoelle, provided we changed the magazine's appearance to attract a broader European audience.

As production manager, my job was to lead and supervise a staff of 30 to match Nancy's vision, working closely with the design team, photographers, production staff and marketing team. After three weeks of heavy brainstorming, we developed a fresh appearance for the magazine.

I invited Nancy to a meeting with me and three of our executive producers. I shared with her the strategy we had created in order to solve our appearance problem, as well as estimated costs and complications. Nancy agreed that the direction our magazine was going fit well with her vision and audience, and that JPH would be happy to work with us within the next week.

Although the team was excited to accept the offer, I was concerned that we were not prepared to complete the project so quickly. Though the executive producers did not understand, as our production team was to begin work on the next issue the following day, I explained that there may include deep financial consequences if we rush into the process. I wanted to ensure that JPH received a consistent layout from Zoelle magazine. Nancy agreed to wait until the upcoming issue was complete before beginning work on the new look.

We began work the following Tuesday, after the latest issue was produced. I collaborated with an eight member marketing team to develop new branding for our magazine and mediated this branding with the design team, ensuring that it was able to blend well with their ideas and insights based on the first meeting with Nancy. I led the operation of the first issue to be published via JPH, supervising 30 employees.

After the issue was published, our sales increased by 42 percent in the first week. After leading the Zoelle team to a business deal close and a fresh start, I learned that with the proper leadership, a staff of varied talents, insights and opinions can work closely together to produce a magazine that continues to increase its sells each issue. My initiative helped provide Zoelle with its largest new contract that year, a $2 million deal. Customers from Europe and the United States commented with positive remarks on the new look, showing interest in the replacement of the former look, which had been being published for seven years.

After this leadership experience, I was able to see my potential as a leader. I can communicate effectively with all members of a group and help connect them with one another to make a larger picture. I protect my business discernment even against an upset crowd, and am able to properly persuade others to understand other perspectives. Through learning more about leadership every day with my work in Zoelle, I hope to continue to strengthen these abilities and witness the success they can bring to media production.

In this essay, the applicant was asked to detail her leadership abilities through the application of a relevant example. She was asked to do this in approximately 550 words, using concise language and proper grammar and punctuation. In questions similar to these, the admissions officers are looking for: Applicant's ability to share leadership qualities with a relevant example: This writer shared leadership qualities of communication (brainstorming with different staffs and helping them connect their ideas together), listening (brainstorming and understanding staff concerns), delegating (ensuring each team did what was supposed to be done), and managing (managed and supervised a staff of 30) through the use of an example from her work with Zoelle Magazine. Proof of a potential growth in these leadership skills: The writer hopes to “continue to strengthen” her leadership skills. She provides examples of how she learned from previous leadership roles. How these skills will help further your career: The writer used an example from her current career and concluded her essay with a look into the potential of leadership in her field.

I looked across my celebratory cheesecake and beamed up at my new coworkers. I couldn't believe I had finally landed my dream job. All of the senior editors were having lunch in the cafe across the street from the bakery where the finance team and marketing team shared dessert. I had been hired as a budget analyst at my favorite magazine. My job was to work alongside the business manager to help create a more healthy marriage between the finance and marketing departments, thus improving our sales and workplace environment. On my way home, I reflected on my relief in finally having an exciting and secure career.

Just three months later, we met at the same bakery where I had celebrated my new job. Every department from our small, close-knit staff was present. As the publication manager began to tell us the news, I remember how our faces fell. Our publication company was going out of business, and every publication was to be shut down. She explained that they had tried to find another publishing company without success.

Not only did I feel as though I failed the company, I also knew that I, as well as the other 17 employees, was out of a job. We went back to our offices and packed up our things. Writers and designers were frantically calling around, asking for open positions. An employee from the finance department began tweaking his resume, and the marketing department apologized to the publication manager and editor-in-chief, who responded graciously.

I had to leave my apartment not long after losing my job. I stayed with a friend on the north side of town as I tried to find a job in a shrinking economic suburb. It took six months to find a position, and though I had to move and leave behind my dream, I found a new way to work toward my new dream.

From this experience, I learned the importance of adaptability. Only through my ability to embrace the change happening around me was I able to find a new job and start a new life with new visions and goals. Applying for my MBA would have sounded bizarre to the disheartened, homeless idealist who lost her dream. But now, after finding in me the strength to persevere, I am able to take what I learned from my previous job and pair it with what I learn from the university. This knowledge will help me ensure that the future companies I work with will not have to endure a similar fallout.

However, if there comes a time when I am again involved in a lost company, I know how to repair. I know how to restore.

In this essay, the applicant was asked to recall a challenging situation to which the writer overcame the boundaries. The writer was asked to do this in approximately 450 words, using concise language and proper grammar and punctuation. In questions similar to these, the admissions officers are looking for: Applicant's ability to identify a challenging moment in her life: This writer uses a relevant example of a challenging situation, describing the challenge of losing a job, losing housing, and having to move to a different city. Examples of how the applicant overcame these challenges: The writer cites her “adaptability” as the reason why she was able to overcome this challenge. Instead of giving up, the applicant tells of applying for other jobs, even ones that were out of her comfort zone and in another city. Brief insights to what the applicant learned from the challenge: This writer learned how to maintain strength, perseverance and adaptability in challenging situations. The applicant tells of continuing the learning process in her MBA program and allowing it to help future companies.

“Gallery Furniture saves you money today!” As a child, these words rang out to me, sandwiched in between the episodes of Pokemon and Yu-Gi-Oh that I gleefully watched every Saturday morning. During commercial breaks, an older gentleman known as Mattress Mack would dominate all 24 inches of my cartoon box with his signature hundred-mile-per-hour pitch, reserved for sputtering off the praises of American-made furniture sold at affordable prices. Mattress Mack reigned as a household favorite in the Greater Houston area; in fact, my cousin and I made games out of memorizing his lines and spitting them out as fast as we could whenever his ads came on TV.

Mack’s distinctive elevator-pitch talking style stemmed from the financial difficulties he faced at the start of his career. At that time, Mack invested his entire life savings in a single ad that aired on two stations. While watching the ad himself, he grew unhappy with the producers’ work and ad-libbed a rapid pitch which would be later recognized as one of his greatest sparks of unconventional genius. Mack's unique re-branding has taught me to recognize the value of bootstrapping and developing creative solutions to solve problems.

Beyond his unorthodox sales strategies, Mack also had a heart that was truly the size of Texas. In August of 2017, Hurricane Harvey made landfall and caused $125 billion in damages, and several people that I personally know lost everything. While most of us worried solely about our own survival, Mack opened his two biggest showrooms and provided food to those who needed it most. His heroic actions eventually earned him his own day, August 26th, appropriately named Mattress Mack Day. He has inspired Houstonians just like me to pursue entrepreneurship opportunities that put social focus on the forefront.

As Harvey pummelled through the Gulf Coast, I noted the amount of devastation the hurricane has caused for our local automotive industry. This sparked an idea. As a passionate watchmaker and a car enthusiast, I partnered with my co-founder to create one-of-a-kind wristwatches from wrecked supercars with stories to match. A portion of each sale would then be donated to Habitat for Humanity to rebuild communities affected by natural disasters. My dream came to fruition, and over the last two years, the work I did has gained the attention of Mayor Turner, Capital One Bank, and various other notable individuals and organizations across Texas, Florida, Switzerland, and the UK. Born from a company bootstrapped with a $10,000 award from Capital One Bank, we are now projected to take in a revenue of $500k in the coming year.

Mattress Mack’s unconventional business approaches have taught me that tackling problems with limited capital yields the most innovative solutions and that the numbers, albeit essential, are not the end-all-be-all of a company. His ability to see equal importance in their lesser-noticed counterparts -the people his business serves and the community he resides in- are what sets him apart from traditional bosses as a truly effective leader. His actions have taught me that marrying unconventional problem-solving skills to a strong moral code is the key to greater personal success.

Business Sample Essay Five

Fuqua was the first business school I visited at the beginning of my application journey. No one in my family has ever attended college, let alone business school, so my visit opened a new world of opportunity for me. I sat in the auditorium with 300 other Management Leadership for Tomorrow (MLT) fellows soaking up facts about Fuqua’s collaborative culture, global perspective, and distinguished faculty. My most vivid memory of the experience was at the end of the first day when the Black and Latino MBA Organization (BLMBAO) came on stage and helped me understand what it truly means to be on “Team Fuqua.” Dancing, cheering, and wearing their Blue Devil gear, the students made it easy to see a cohesive community for students of color – one that I have not felt so palpably at any other business school since. As I sat in that auditorium, I began to imagine myself as a part of “Team Fuqua,” and after the visit I became more confident that there was a place for me at Duke. For these reasons, I am seeking a spot in the entering class of 2022.

Post MBA, I plan to work as a Product Manager in an innovative digital healthcare company focused on using technology to transform patient care. Specifically, I would like to work in wireless tech and data analytics focused on chronic disease management similar to Twine Health, a platform integrated into patients' Fitbits to monitor diabetes-related vitals. In preparation for a career in healthcare, I plan on being a part of Fuqua’s Health Care Club (HCC). I look forward to contributing to this community through my perspective in healthcare consulting as well as my experience in the health insurance marketplace. By participating in the HCC, I will leverage the insight from 2nd year students as I navigate the healthcare recruiting process during HCC life line sessions. In time, I hope to return the favor by helping new students navigate recruitment, coursework, and life in Durham. Particularly, I am excited to gain valuable insight into the healthcare industry through programming coordinated by HCC such as the Duke MBA Health Care Conference and panel discussions throughout the year. HCC will not only provide me the knowledge and professional aptitude for a meaningful career in the healthcare sector, but will also grant me a life-long network of Fuqua healthcare leaders. To further promote health, I want to take part in the Fuqua Running & Triathlon Club. As a cross country athlete in high school and college, I look forward to exploring the Raleigh-Durham area and sharing my love of running.

Beyond my involvement in the Fuqua healthcare community, I also plan to join BLMBAO. It is very important for me to be part of a collective of leaders of color that empower each other to reach their full potential in business. For this reason, I am interested in joining the leadership cabinet of BLMBAO and shaping events such as the MBA Minority Business Conference. I want to continue BLMBAO’s work of increasing the visibility of underrepresented minorities, engaging Fuqua on issues of race and inequality, and being an advocate for women of color in business. For example, as a Fellow and alumna of MLT, I will commit myself to building a pipeline for Latina prospective Fuqua MBA students. This will include holding workshops that focus on the application process and challenges specific to Latinas in management.

In the end, Duke is the ideal place for me to become the business leader I know I can be. The opportunities in healthcare at Fuqua with HCC in conjunction with the school’s close proximity to the research triangle are second to none. A Fuqua MBA will give me the opportunity to learn, grow, and lead among lifelong friends. As a part of the incoming class, I will continue to learn more about Fuqua and expect that the “Team Fuqua” spirit will stand out in all of my interactions within the larger community. Just as BLMBAO students inspired me on my first day at Fuqua, I hope to one day inspire a young Latina professional setting her sights on business school.

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Global Business Experiences, Essay Example

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Introduction

Robert is an international businessperson having vast experience in the field of international business. It is because he has been working in the same field for seven years. He is working in a textile industry as a marketer where he travels to different countries marketing its products by persuading customers to buy the products. Robert has good personal relations, which he uses it as a tool when interacting with customers from different countries, races, and cultural beliefs. Since Robert id aiming to market the products to all customers without description, he has learned different ways of handling customers to satisfy their needs.

The interview was fruitful because Robert responded to all questions in a professional manner, which will enable me to make quality conclusions and recommendations. Global business has enabled Robert to gain more skills in the field of marketing because he is interacting with different customers and professionals globally. He is also exposed to many people from different geographical areas, which will help him to develop and expand personal relations knowledge and skills. Since Robert is selling its products in the global market, he has the opportunity of making more sales due to many customers. He has to employ efficient marketing methods for him to cover a wide market and increase the sales. The risk of the global business is the stiff competition from other industries offering the same products. It is because the industry produces textile products in large quantities, and if it is outweighed in the market due to stiff competition, it will lead to greater losses.

From an interview, I have learned that for one to be successful in the global marketing business, he/she should have good personal relations. It is because he/she will interact with many customers who need to be handled in a polite and satisfactory manner for them to be influenced to buy the products. In any business, there are opportunities and risks, which be recognized, utilized or rectified effectively. The marketer should be ready to travel widely for him/her to increase the sales. Since stiff competition is a greater risk in global business, the marketer and the industry as a whole should be ready to respond to any competition posed by other companies. Technology is an important factor in a global business, especially the marketing business. Technology will enable the company to market its products using the internet, and the products can be accessed all over the world in different locations. Technology is also important in terms communication between the marketer and the customer.

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Business Essay Examples

13 Business Essay Examples for Students

14 min read

Published on: May 1, 2023

Last updated on: Jan 30, 2024

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Are you struggling to figure out the structure, research, or data required to make your essay stand out? Or frustrated by the lack of inspiration and ideas for your essay?

But don't give up yet! We have a powerful solution that will make your essay writing a breeze. Our list of business essay examples is here to help! 

We have compiled expertly written business essay examples that will illustrate how to write a striking business essay.

With our examples, you'll be able to see how to structure your essay and generate creative ideas for your topic. And our tips will help you make the most of these examples.

So, let's dive in and get ready to learn!

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What is a Business Essay?

A business essay is a type of academic writing that focuses on business-related topics and issues. These essays can cover a wide range of topics such as marketing, finance, management, entrepreneurship, and more.

The importance of business essay lies in presenting a well-researched and informed analysis. To do this effectively, writers need to conduct extensive research and analysis on the topic at hand.

Referring to examples of business essays can help you gain insight into the structure, tone, and content of a well-written essay.

Business Essay Examples For Students

Here is a list of business writing examples

Business Essay Examples Pdf

Business Essay Example Grade 10

Business Essay Example Grade 11

A Level Business Essay Examples

University Business Essay Examples

International Business Essay Examples

Short Essay About Business

College Essay About Starting A Business

Types of Business Essay with Examples

When it comes to business essay writing, there are several different types that you might encounter. 

Here's a brief overview of each type, including their characteristics and an example of each.

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Case Studies

A case study is an in-depth analysis of a specific business situation or problem. It involves extensive research and data analysis to provide recommendations.

Case studies often showcase the application of theory to real-world business scenarios.

Research Papers

Research papers involve a more academic approach to business writing. They typically require an extensive literature review, data analysis, and original research. 

Business research papers aim to contribute new knowledge to the field of business. These often involve a hypothesis or research question.

Argumentative Essays

Argumentative business essays aim to persuade the reader to adopt a particular point of view or take a specific action. They present an argument and use evidence and logic to support their claims. 

Argumentative essays can address various business topics such as management practices, ethical issues, or market trends.

White Papers

A white paper is a document that provides a detailed explanation of a particular issue or problem, often with recommendations or solutions. 

White papers are typically used to educate stakeholders about a specific topic. These are often used in the business-to-business (B2B) context.

Comparative Essays 

Comparative business essays compare and contrast two or more topics or ideas. They typically analyze the similarities and differences between the topics to evaluate their pros and cons. 

Comparative essays can focus on various aspects such as products, companies, markets, or strategies.

How to Structure Your Business Essays

As you begin writing your business essay, it's important to structure it in a clear and organized way. 

Here's a step-by-step guide with business essay samples to help you do just that:

Executive Summary

The executive summary is a brief overview of your entire essay. It should summarize your main points and highlight your recommendations. 

This section should be written after completing the essay, as it gives a clear picture of what the essay covers. 

Here is how you start a business essay sample:

Introduction

The introduction sets the stage for the rest of the essay. It should introduce the topic, provide background information, and explain the purpose of the essay. 

Here is a business essay introduction example:

Industry Analysis

In this section, you'll conduct a thorough analysis of the industry in which the business operates. You should examine factors such as competition, market trends, and customer behavior. 

Here is a sample industry analysis

Key Issues or Problems

This section should identify the main issues or problems faced by the business. You should provide evidence to support your claims and analyze the impact of these issues. 

Here is an example paragraph:

Solutions or Recommendation

Here, you'll provide solutions or recommendations to address the issues identified in the previous section. Your solutions should be well-supported and feasible. 

For instance:

Implementation Plan

For this part, you'll outline a plan for implementing the solutions or recommendations you've proposed. This is sort of a description of the business model you suggest. 

This section should be detailed and include specific action steps. 

For example:

Finally, you'll wrap up your essay by summarizing your main points and reiterating your recommendations. 

This section should be clear, concise, and impactful. 

By following this structure, your business essay will be well-organized, coherent, and easy to follow for your readers.

Tips for Using Business Essay Examples Effectively

Now that you have quite a few business essay examples at hand, you should know how to use them effectively:

• Use them as a guide, not a template : While it's great to learn from examples, you should never copy them outright. Instead, use them as a starting point for your own research and writing.
• Analyze the strengths and weaknesses of the essay : Take note of what works well in the example essay, as well as any areas that could be improved. This will help you understand how to make your own essay even better.
• Use them to inform your own research and writing : Pay attention to the research methods, sources, and evidence used in the example essay. This can give you ideas for your own research and help you strengthen your arguments.
• Avoid plagiarism and ensure proper citation: Whenever you use ideas or information from an example, make sure to cite your sources. This will help you avoid plagiarism and maintain academic integrity.

You now have a plenty of business essay examples on different topics to help you get started!

By following our tips and studying the sample essays, you can confidently write your own essays that are clear, concise, and impactful. 

However, if you still find yourself struggling with your business essays, just reach out to our professional business essay writing service . 

We have the best online essay writing service and are ready to provide you a high-quality business. Our writing service has subject specialist writers who can tackle any business essay topic.  

So why wait? Contact us today and let our AI essay writer take your business essays to the next level!

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Global Business Issues. Global Prospects and Strategies

Global issues facing the company, global prospects for uniqlo and product range.

Although globalization has made it possible for many firms around the world to extend their business operations around the world due to effective communication, automation of the business process and simplified supply chain management, there are still several challenges that they do experience. International firms have been experiencing a lot of challenges especially during the initial stages of identifying a market for their products and and services around the world. The challenges are not limited to those firms that are establishing themselves at the global level but also apply to the firms that have been operating for a long time. One of the global issues facing the company is compliance with the trade regulation and business operation regulations in other countries apart from the home country (Cherrington & Laura 1995). This poses an issue due to the fact that if the country is not a signatory to a certain trade block, its operations will be limited or not even allowed in another country. Another issue is the political instability in numerous countries in which it is carrying its operations. This mostly creates a phenomenon of uncertainties making the operations of such firm unrealizable. It therefore leads to massive loss of profits though such companies are always enjoying economies of scale due to their operations in many countries. Human resource managers of multi-national companies are faced with a lot of challenges when making recruitment and selection in foreign countries (Jackson & Tomioka 2003). This is due to the fact that they experience language barriers that may hamper effective communication between the two parties. They are there forced to use more finances or do experience high costs since they have to train such human resources about their operations. Competition is another issue that cannot be understated as far as global issues are concerned. This is mostly experienced when new products and services enter the market at a lower price than the current price. Due to supply chain management and procurement costs, products of these firms tend to be sold at a slightly higher price though they are of high quality than the locally made.An embargo which means a total ban on importing products in some countries, has been imposed on some TCF firms in Australia. The main reason for doing this is to protect local infant industries from competition and hence it is posing a greater change to TCF industries and of course UNIQRO companies. There is also lack of global regulatory structure to guide the companies. This means that since a company or any other kind of firm must operate within well-established rules, lack of the same at international or global level is hindering the success of international firms. This also brings about the question of whether the international community has put any effort to come up with agreements such as how to handle infringement of intellectual property regulation which do not exist. Another problem is lack of good or proper corporate governance in the branches in other countries. International firms experience a lot of unpredicted events in their branches and therefore most of the time, the people on the ground wait for the decisions to be made at head offices hence wasting a lot of time and opportunities. Cultural diversity also is a big challenge in firms that operate internationally because the firm in question has to tailor the products and services to fit into that culture.Otherwise such goods and services will mostly have demand in the foreign countries. Also interacting with people from different cultures is not all that possible. The company therefore does not have personnel who can do this and it is forced to employ local human resources and train them hence incurring costs. Local firms do practice corporate social responsibility which cannot be realized well when a company is operating globally. This is because operations of global firms can hamper the attempts of a local firm to achieve competitive edge in its area of specialization. Also pollution of environment by global companies continues to persist as the number of firms operating globally continues to increase.

The Textile ,Clothing and Footwear industry has come up with strategies and research is also underway to find other strategies that will enable it to remain agile in the face of global issues that have hampered not only its success but have also affected other global companies. One of the strategies is that there have been implementations of free trade agreements that will make it possible for TCT to import its products in other countries without tariffs being imposed on it. Australia’s participation in these trade agreements made a very positive impact in the world of TCF. It has also come up with a product differentiation strategy that will enable it to penetrate more market segments with ease (Oumi 2000).By doing so, local products being sold at a lower price will not affect the company because its products will still have a high demand simply because they are different and of high quality. It has to take the advantage of emerging information and communication technology to restructure its operations. This will enable the company to produce its products at lower cost; hence the products will also sell cheaper (Proctor 2000). Cost leadership can be attained by having access to raw materials at a lower price. This will only be achieved as a result of operating on large scale hence benefiting from economies of scale. If only it will be in a position to achieve this, it will be far away from the competitors. Focus is another strategy that TCF&L has implemented by trying to produce clothes for specific group of customers. It has gone an extra mile to make clothes by use of just in time technique whereby it is producing what has been ordered hence customizing the clothes according to customer needs. In addition, this will enhance cost-saving and avoid wastage by producing what has not been ordered. Also it is efficient in the sense that the company gets material for only producing the ordered goods. Other strategies that the company has been using but need to look at them more keenly include product positioning whereby before starting to produce goods it has to research more about the customers who are going to buy those products. The other one is promotion which has been done for quite some time and now more aggressive promotion is needed in the foreign countries to enhance sales and increase profit margins (Michman 2003).Advertising research needs to be done quite often in the countries where the company has launched its operations to find out the media reaching wider market and find the foible and effectiveness of such media as far as promotion of the company products is concerned. Product research is also done by TCF&L industries to identify the foible of the products and make sure that what they are producing is what the customer requires (Machis 1994). It also helps to identify when other products need to be produced and if some improvement in quality is required.

One of the global prospects of UNIQLO Company is to offer diverse types of clothes and other fashionable products that can satisfy its potential customers. Also it is prospecting to establish all if not part of its operations in much more countries other than the ones where it is operating. All these activities are being carried out so that it can achieve the aim of becoming a world-class leader in the provision of fashionable, quality and affordable apparel (Okamoto 2000). UNIQLO aims to use the advantage of emerging information technology to roll out its operation worldwide. Plans for selling other products like cars are underway including setting warehouses in more countries that will enhance the supply chain management. It also plans to expand its operation overseas which will enable it to gain more customers, increase sales and enjoy economies of scale. By using web-based applications, the site will assist to reach more customers and therefore create customer loyalty hence providing easy means of doing business by implementing electronic commerce website. To enhance its global operations, it has opened a large store which was opened in Asia and it is meant for its overseas expansion. This is the UNIQLO fifth store worldwide. The company has put strategies to launch new products and improve the qualities of the current products by modifying the packaging. Also it has not been left behind in trying to identify new markets and provide customized products for that particular market.

The strategies that have already been implemented and those that are yet to be implemented by UNIQLO will definitely work in this situation because they have been implemented elsewhere and proved to assist other companies achieve a competitive edge. Also, it is important to note that these strategies will enhance cost saving and increase the volume of sales made by UNIQLO and TFC&L as a result of increased demands for their products. Signing of trade agreements is another strategy that will allow these industries to operate and carry out their operations freely in other countries without tariffs being imposed on them. They will there be in a position to sell their products at low prices or the same price as the local products. This means that competition will significantly reduce.

Cherrington, J., & Laura Z. (1995) HR Magazine, Middleton.

Jackson, K., & Tomioka, M. (2003) The Changing Face of Japanese Management, Routledge, New York.

Machis, G. (1994) Marketing Strategies for the Mature Market, Quorum Books, Westport.

Michman, R. (2003) Lifestyle Marketing: Reaching the New American Consumer, Praeger, Westport CT.

Okamoto, H. (2000) The UNIQLO System, PAL, Tokyo.

Oumi, N. (2000) The Secret of UNIQLO’s Rapid Growth, Apple, Tokyo.

Proctor, T. (2000) Strategic Marketing: An Introduction, Routledge, London.

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Eight daily newspapers owned by Alden Global Capital sued OpenAI and Microsoft on Tuesday, accusing the tech companies of illegally using news articles to power their A.I. chatbots.

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“This issue is not just a business problem for a handful of newspapers or the newspaper industry at large,” the lawsuit said. “It is a critical issue for civic life in America.”

Katie Robertson covers the media industry for The Times. Email:  [email protected]   More about Katie Robertson

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The Future of the Global Business Environment Essay

Introduction, the future of the global business environment, information exchange in business, universalism and developments and business environment, financial institutions and business environment, reference list.

In the past as Albrecht & Sack (2010) point out businesses have relied institutional information like accounting to make choices pertaining the growth of a business organization. Traditionally, information would be compiled and analyzed to make a report that would form a basis for decision making. Before the decision was concluded and implemented the business organization consulted expertise for accurate translation of the reports.

This procedure was cumbersome and costly. Besides challenges with the cost and time, obtaining information was difficult for shareholders. The businesses also had to keep up with the competition posed by other players (p. 5).

Ferguson in the first episode Dreams of Avarice of the video series The Ascent of Money reveals that the historical events that have taken place in relation to money are of relevance to understanding the global business environment in the future. He highlights practices that have been used in the past, and are being used and those likely to be used in the future.

Practices such as borrowing and lending of finances, how it grew from shylocks and borrowing to bank loans which led to the credit cards. This essay will discuss the future of global business environment using the first episode dreams of avarice.

The future of global business environment is changing to technological advancement. Information storage and retrieval are advantages that come with the use computerized systems in banking.

The information is also made easily accessible for processing of information and there are fewer error experienced as would have been with paperwork. The cost is remarkably low. It relieves the shareholders of large sums that would be used obtain data.

Exchange of information has become easy as digitalized devices have been made affordable to citizens. In addition there are computer programs designed specifically to meet the needs of banking and therefore data presentation as well as transmission is conducted in a straightforward manner.

The use of credit facilities by citizens is an example. The credit cards are used to pay for services or goods on credit. The card bears information about the client’s bank details. During the transaction, information is exchanged, the card is authenticated and then the client is able to purchase goods and services.

The future of the global business environment is universal as Albrecht & Sack (2010 p. 5) indicates. The inaccessible parts of the world are slowly being made reachable through the developments in infrastructure. Roads are being built.

In the past the wars that took place in the world cause major damages to infrastructure and crippled businesses. As a result banking institutions were closed. This is revealed in the dreams of avarice because as it portrays, every war that happened in the world has affected the finances of institutions. Some gain while others loose.

Developments and universalism has made it possible for people to access both imported and locally produced goods in localities. People can pay overseas products recognized universal credit cards.

Into the bargain, developments in transport system have contributed to the completion of companies to sell their product to possible consumers. The competition is going to be more advanced because recent developments make availability of information accessible to those who need it and those who do not.

The banking system is not immune to this competition and the free flow of information. The financial institution whether private or state owned will fight to dominate the consumer market as evident in Ferguson dreams of avarice.

Competitors have information about other financial institution such that the slightest changes would be detected immediately and measures of correcting the alteration be employed within the shortest period possible.

The global business environment is dominated by the power that also controls the economy. The dream of avarice shows them that power is concentrated among few financial institutions that set the pace for the rest. To improve the financial income, an institution can borrow and expand its range of services to improve on the income. Borrowing is therefore seen as an inevitable to realize the dream of being a millionaire.

The powerful financial institutions set the ladder for competition so high so that they maintain their superiority. The borrowing firm must conform to the laid down instructions of the company that lends as it has always been. The powerful institutions led to gain more revenue as the get interests from the lending.

The client’s needs are taken as the priority in organization. The goals and objectives of the company major on customer satisfaction. In order to make huge profits, the organizations must meet the client’s needs adequately, efficiently and effectively. For instance, client’s instant solutions and the credit card are widely used.

They can purchase utilities and pay for them later. In this case, the client will use their credit card to purchase goods and services on credit and pay later. The credit is given without collateral. Credits are given on the assumption that the client will pay. The process involved in paperwork on borrowing and time are eliminated as the credit card brings a lot of convenience.

The future of the globalised business environment will have fewer people trained in the financial accounting as new software being used has replaced them. Thus there is going to be few experts whose main task will be to invent computer software that can be used to for accounting and financing.

Using their expertise they can make large sums of money after they establish their business. The dreams of having a lot of money is the driving force of many and therefore people are determined to make money at the slightest opportunity.

Share holders will invest only in the dominant institution as they are assured of making revenue if they invest in organizations that have the power. This is because over time business theories that have been used in the past have become outdated and investors would wish to make millions by investing with those who dictate the market (Albrecht & Sack, 2010, p. 7).

In future, the banking industry is likely to modify its strategy in order to make use of short term opportunities. These opportunities last within a specific period favored by certain conditions and the organizations can make a lot of money. This environment requires administrators who make accurate choices within the shortest period possible. Decisions made consider the option that will lead to maximum benefits in order to gain the millions.

It is possible for other financial institutions to emerge. They bring with them new innovative of ideas making the competition steeper. The new companies meet the wants of the customer as they use available information as well as research to come up with the new ideas.

The existing companies modify their services not to lose clients. The main purpose of creating other institutions is to make services available to consumers and get revenue in the competition. Competition benefits the client because they receive quality goods and services. For instance credit facilities enable clients to expand their businesses.

The future global business environment will require experts who are conversant with the modern systems of business. Accordingly, new careers will emerge. They will be capable of working in a dynamic and changing world that is full of contest. For this reason, they will be responsible of helping the organization survive from unpredictable market trends. These risks will require specialized business deals like contracts.

In future technology will be much advanced. New software’s that are created after a short period are likely to be more superior. As already observed, technology has reduced the bulkiness that was experienced during storage of data. In the days to come, data will be stored in storage devices that are small in size offered by banks become outdated within a short time (Albrecht & Sack, 2010, p. 9).

Employees will be recruited for shorter contract in the future global business environment. The competition in the markets make product last for a short time. Workers thereby live with job insecurities because projects taken on contracts can only be extended only if they are relevant in the time and bring income.

According to Albrecht & Sack (2010) risks in the globalised business environment can be a used in a business to be successful. The important thing is to be able to manage the risk. The risks are evident in contracts that are made without certainties of returns as well as the credit facilities given to clients (p. 9).

The future global business environment will have different mechanisms of administration and strict controls in the finances. The traditional budgeting process and the procedures used making future plans will be abandoned. This is due to the nature of the market which is constantly changing.

To be able to maximize on profits, the organization must make the arrangement for raising capital for a new project flexible. This is because delays in allocation of resources of a certain service might lead to loss of clients and loss of profit.

Products such as bank statements have been replaced by technology and financial institutions must quickly change to the use of technology to give statements online like other banks.

Consequently, the bureaucracy in organizations will be faced out as devolution in management is being adopted in the global environment. Therefore decision making and implementing changes will be made in time. Furthermore, management information will be available to more employees.

The dreams of avarice have always guided the economic actions of financial institutions. Over time people have formed revolutions and even gone to war with a motive to accumulate wealth. As an initiative to develop institutions and individuals have borrowed money to expand and increase their wealth. In the modern global business environment there are changes that will lead a global economy.

The future will be dominated by the use of technology to make it possible to acquire money easily. There are also short term contracts that capitalize on opportunities in the dynamic environment to make profits. Consequently, experts with understanding about the dynamic environment will be used to make quick and accurate decisions.

Albrecht, W. S & Sack, R. J. (2010). Accounting education series. Accounting Education: Charting the course through a perilous future, 16 chapters 2. Retrieved from: < http://aaahq.org/ >

• Chicago (A-D)
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IvyPanda. (2023, November 30). The Future of the Global Business Environment. https://ivypanda.com/essays/the-future-of-the-global-business-environment-essay/

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IvyPanda . 2023. "The Future of the Global Business Environment." November 30, 2023. https://ivypanda.com/essays/the-future-of-the-global-business-environment-essay/.

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Bibliography

IvyPanda . "The Future of the Global Business Environment." November 30, 2023. https://ivypanda.com/essays/the-future-of-the-global-business-environment-essay/.

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