A Reflective Essay on My Understanding of the International Business Module

Running Head: INTERNATIONAL BUSINESS 1
A REFLECTIVE ESSAY ON MY UNDERSTANDING OF THE INTERNATIONAL
BUSINESS MODULE
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INTERNATIONAL BUSINESS 2
The general conducting of international business has numerous demerits but can be
depended upon to solve a lot of issues (Shenkar, Luo & Chi 2014, p. 1). International business,
as I have learned, has several reasons which make it valuable and offers a great working area as
compared to limited businesses, which brings potential to make a difference. The reasons include
worldwide solutions enhancement, the introduction of different products, fostering of
international community relations and market expansion. I have learned that the entire world’s
area and all market frequencies which are different are subsections of a larger market. In
addition, the module has imparted knowledge in me that markets expand when people get more
interested, and as interest grows solutions and money increase due to a different and larger
economic scale. The module has also deepened my understanding of the existence of a diverse
range of products in the conduct of international business, with the availability of laws which
have been passed so as to simplify the conduction of commerce.
The highlights I learned from the module were about global markets and international
cultural dimensions. I learned about different approaches and models accredited by scholars on
various trends and issues of global markets hence developing business skills and knowledge
which is a way of preparing for my future managerial positions. Furthermore, I learned about
various cultural elements, characteristics, and their influence on business and economy.
According to Baylis, Smith & Owens (2017, p.4) the knowledge about the global markets is
important as it will assist entrepreneurs to see how globalization has impacted in increased
‘connectedness’ of the markets, business, people and information across different countries.
Additionally, am capable of identifying the motives and ways of providing services to foreign
markets, formulating my own international and strategic business plans, addressing international
controversial issues and appreciating the driving performance factors in the global economy. The