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How to Pass study.com Business 308: Globalization & International Management Final Proctored Exam

Would you like to strike out towards the vast ocean of managing an international business with the study.com Business 308: Globalization & International Management course? This is one of the courses that offer you a gateway to cross over to new territories or to unravel the jigsaw of the global business environment. The program is delivered through videos, quizzes, and demonstrations, making you ready to handle the prospects and issues arising from globalization.  When you are in this course, you are aware that it is not going to be a period where you are only taught theories but rather a period where you get to practice them. You will study from learning about the management of culturally diverse workforces to studying international financial markets, specifically the foreign exchange markets. At the end of this journey, you are equipped with competitive knowledge and relevant skills to do well throughout the final proctored exam and beyond in any International Business environment. Therefore, it is time to gear up and prepare for widening the field of vision. — What to Expect from Business 308 Class📖 Embarking on the study.com Business 308: Globalization & International Management course is like getting a key to approach the global arena of operation. This course is indeed a treasure trove of information and tools that are useful when managing or working for a company operating in an international environment. Here is what you should look forward to in their new release. Global Business Environment In this section, you will discover how globalization affects the operation of businesses. This part will outline the advantages and the issues of having operations in many countries and ways of expanding to new markets. Some of the areas of focus mainly are the impacts of globalization on business environments, opportunities and risks of conducting business across borders, and approaches to market entry. Knowledge about basic international trade, the culture of the country and the world, and how the competition impacts business strategies will be essential. Special emphasis should be placed on various examples of the nature of global competition and the strategies of market entry — such sections may often become an object of focus in the exam! Global Leadership and Management This part of the course is devoted to the business management of diverse teams, the concept of intercultural competence, and key features of effective international managers. In the next section, you will be introduced to Hofstede’s cultural dimension theory and understand its applicability in managerial contexts. These skills are crucial in the international management environment since they entail more than just dealing with your local employees. You should prepare for such topics as management of the diverse workforce, intercultural communication competence, elements of successful international managers, and the analysis of Hofstede’s cultural dimension. Assign practical scenarios to the different concepts to be learned in order to facilitate their analysis and hence enhance memory. Foreign Exchange Markets and Purchasing Power You will be able to analyze concepts such as the exchange rates of different currencies, the balance of trade, and how different policies impact the world economy. Understanding these concepts is essential to any business strategy that has to be implemented beyond national borders. Some of the areas are exchange rates, balance of payments, and consequent monetary policies and how these affect the global economy. Visit the economic news sites or currency converters to observe real-life examples of the implementation of these strategies. Corporate Social Responsibility (CSR) and Ethics This section will make you shrink in your seat as it will take you through macro-organizational considerations of business decisions. This course relates to CSR undertakings, ethical considerations in the international business world, as well as the effects of globalization on society and the environment. It is essential to understand these topics so that one can answer the essays on ethical issues and CSR. They are CSR practices, ethics in international business, and the effects of globalization on society and the environment. Be familiar with the present issues in CSR and ethical dilemmas that are prevalent in international newspapers – this will increase the validity of your responses. Altogether, this course is a catalog of the specter of subjects allowing us to understand globalization and international management at length. If these main parameters are kept in mind while studying- the student will be well-equipped for the final exam. Click here for exam support Week-by-Week Study Plan to Ace Business 308 Exam 📝 The following study plan may help you find your way through the Study.comBusiness 308: Globalization & International Management course. Below is a timetable of weeks and what to cover each week. According to the schedule, you will be ready to face the final proctored exam without stress. Week 1: Introduction and Global Business Environments Tasks: Watch all lessons in Chapter 1. Take notes on the effects of globalization and internationalization. Complete the chapter quiz to test your understanding. External Resources: YouTube: Globalization Explained Quizlet: Global Business Environments Flashcards Week 2: Global Leadership & Management Tasks: Watch all lessons in Chapter 2. Focus on Hofstede’s cultural dimensions theory and characteristics of international managers. Complete the chapter quiz. External Resources: YouTube: Hofstede’s Cultural Dimensions Quizlet: International Management Flashcards Week 3: Virtual Teams & Project Management Tasks: Watch all lessons in Chapter 3. Pay attention to strategies for building and leading virtual teams. Complete the chapter quiz. External Resources: YouTube: Leading Virtual Teams Quizlet: Project Management Flashcards Week 4: Effect of Globalization on Organizations and Global Trade & Business Law Tasks: Watch all lessons in Chapters 4 and 5. Study the impacts of globalization on organizational behavior and culture. Understand the importance of global trade and key trade agreements. Complete the chapter quizzes. External Resources: YouTube: Globalization and Organizations Quizlet: Organizational Behavior Flashcards YouTube: International Trade Basics Quizlet: Business Law Flashcards Week 5: Global Business, Government & Society and Foreign Exchange Market & Purchasing Power Tasks: Watch all lessons in Chapters 6 and 7. Understand the interaction between business, government, and society. Study