Business

Business

Introduction

There are several reasons why modern students need a deeper study of business. One of the main reasons is the fact that almost all large companies, for which students will work in the future, conduct business operations in other countries, or are involved in the process of globalization of the economy in other ways. Therefore, to be able to make a good career and to maintain good contacts with other managers, future specialist should have a good understanding of the issues of business (Jordan, 2010). Business is becoming increasingly important in the world.

Discussion

Understanding the basics of business would help the manager to better understand the reasons for the formation of his team, and to find ways to more effectively communicate with colleagues. For example, the first working task manager may be involved in the work of the team engaged in the implementation of a project. The composition of this team may include specialists from the areas of United Kingdom (Chesbrough, 2010). In addition, the need to study of business may be due to the fact that future specialist may have to work for a company owned by the corporation, whose headquarters is in another country.

Importance of Business

Smaller companies are also increasingly involved in the local and international business. In the case of opening a new company, the entrepreneur may have to use foreign materials or equipment produced in another country, or with the need to compete with foreign companies, or even with the possibility of selling their products to foreign markets (which is quite possible) (Saunders, Lewis, & Thornhill, 2011). The swift expansion of electronic commerce means of communication has revealed innovative chances for small organizations and firms in the field of business. In the past, in order to enter the market, the company has to painstakingly involve in ...