International Business

Careers in International Business

International business definitely includes workers who represent the public face of their companies. They act with knowledge, elegance and cultural sensitivity to facilitate deals and transactions that benefit both parties. All the key elements of success in business at home apply to business abroad: strong leadership skills, implementation of ethical behavior, expertise in your industry and adaptability to evolving technologies. Common job titles in international business include: Import/Export agent, Translator, Foreign currency investment advisor, Foreign sales representative and International management consultant. Typical employers include banks, import/export corporations, multinational manufacturers, consulting firms, international nongovernmental organizations (NGOs), electronics and technology companies, and transportation industries like shipping and airlines.

International Business Requirements

  1. Do the following:

(a) Explain four features of the free enterprise system in another country. Tell its benefits and responsibilities. Describe the difference between freedom and license.

(b) Describe the Industrial Revolution. Identify five people who had a great influence on business or industry in the 21st century. Tell what each did.

(c) Identify and describe to your counselor the five primary areas of business.

  1. Do the following:

(a) Explain how changes in interest rates, taxes, and government spending affect the flow of money into or out of business and industry.

(b) Describe to your counselor green marketing and sustainable business practices.

(c) Explain how a proprietorship or partnership gets its capital. Discuss and explain four ways a corporation gets its capital.

(d) Name five kinds of insurance useful to business. Describe their purposes.

  1. Do the following:

(a) Pick two or more stocks from the financial pages of a newspaper. Request the annual report or prospectus from one of the companies by writing, or visit its website (with your parent’s permission) to view the annual report online. Explain how a company’s annual report and prospectus can be used to help you manage your investments.

  1. Do ONE of the following:
    (a) Draw an organizational chart of a typical central labor council.

(b) Describe automation, union shop, open shop, collective-bargaining agreements, shop steward, business agent, and union counselor.

(c) Explain the part played by four federal or state agencies in labor relations.

Report:

(a) How service, friendliness, hard work, and salesmanship helped build your business.

(b) The benefits you and others received because you were in business. Comparable 4-H, FFA, or Junior Achievement projects may be used for requirement

5. Do ONE of the following:

(a) Make an oral presentation to our class about an e-commerce company. Tell about the benefits and pitfalls of doing business online, and explain the differences between a retailer and an e-commerce company. In your presentation, explain the similarities a retailer and an e-commerce company might share.

(b) Choose three products from your local grocery store or mall and tell your merit badge counselor how the packaging could be improved upon so that it has less impact on the environment.

(c) Gather information from news sources and books about a current business leader. Write a two-page biography about this person or make a short presentation to your counselor. Focus on how this person became a successful business leader.