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What Is Global Management?

Global management refers to the way an organization manages its business internationally, including its sales, marketing, hiring and finance practices. Many schools offer training and degree programs in global management. Read on to learn more about responsibilities in this field of management and education programs that can prepare you to enter this career. Schools offering International Business degrees can also be found in these popular choices.

Overview of Global Management

As technology continues to connect the world, many organizations have taken advantage of the opportunity to conduct business globally. Global management combines knowledge of business, culture, history and social practices to help companies find their niches in the international business community and successfully work with other cultures.

As a global manager, you'll not only need to understand business principles, but you'll also need a firm grasp of the local customs, professional life and regional policies of the countries that your company wants to partner with. Many companies also look for managers who speak multiple languages and have experience representing more than one country, as well as those who are willing to move from one location to another.

Important Facts About Global Managers

Source: PayScale.com

Job Duties and Skills

Working as a global manager, you'll be in the unique position of managing a company's business and staff in a land that may have vastly different cultural and professional customs. In many regions, managers are needed to help companies tailor their business to the local culture. For example, as a global manager, you might need to learn the hiring practices of another country or the specific way that people communicate in the workplace to avoid potentially offending or confusing your foreign colleagues. You'll then need to train other employees in appropriate practices, such as pitching products to foreign customers in a polite manner consistent with their culture.

In order to carry out their jobs effectively, global managers need strong communication and interpersonal skills. They need to be highly sensitive to and respectful of cultural differences. Having an open mind and complex critical thinking skills is also essential.

Thunderbird School of Global Management at Arizona State University (or simply Thunderbird) is a management school located in the United States and a part of Arizona State University. The school offers bachelor's degrees, master's degrees, executive education programs, and MicroMasters in global management. The main campus was formerly located in Glendale, Arizona, at Thunderbird Field No. 1, a former military airfield from which it derives its name. Thunderbird relocated to a new building (at 155 E Polk Street) at Arizona State University's Downtown Phoenix Campus.

Thunderbird School of Global Management

Former name	American Institute for Foreign Trade
Established	8 April 1946; 73 years ago
Academic affiliation	Arizona State University
Dean	Dr. Sanjeev Khagram
Location	Phoenix , Arizona , United States
Campus	Urban
Colors	Thunderbird Blue, Gold and Grey
Website	thunderbird.asu.edu

Thunderbird was founded independently in 1946 by Lieutenant General Barton Kyle Yount, and was acquired by Arizona State University in 2015. As of 2018 the school had around 40,000 alumni.

In the school's early years, Thunderbird awarded two degrees, a Bachelor of Foreign Trade and a Master of Foreign Trade, although after 1975 the school no longer offered the undergraduate degree. The American Institute for Foreign Trade later changed its name to the Thunderbird Graduate School of International Management before again changing its name to the American Graduate School of International Management in the 1970s.

Thunderbird's degrees have included the Bachelor of Foreign Trade (until 1975), the Master of International Management (until 2001), an MBA in Global Management (through 2016)[citation needed], executive education programs, and MicroMasters programme. Thunderbird International Business Review is one of several journals published by the school (six times a year).

A business school is a university-level institution that confers degrees in business administration or management. According to Kaplan business schools are "educational institutions that specialize in teaching courses and programs related to business and/or management". Such a school can also be known as school of management, school of business administration, or colloquially b-school or biz school. A business school teaches topics such as accounting, administration, strategy, economics, entrepreneurship, finance, human resource management, management science, management information systems, international business, logistics, marketing, organizational psychology, organizational behavior, public relations, research methods and real estate among others.

There are several forms of business schools, including a school of business, business administration, and management.

1. Most of the university business schools consist of faculties, colleges, or departments within the university, and predominantly teach business courses (e.g. Mannheim Business School).
2. In North America, a business school is often understood to be a university program that offers a graduate Master of Business Administration degrees and/or undergraduate bachelor's degrees (e.g. Harvard Business School).
3. In Europe and Asia, some universities teach predominantly business courses (e.g. Copenhagen Business School).
4. Privately owned business school which is not affiliated with any university (e.g. WHU-Otto Beisheim School of Management).

Kaplan classifies business schools along four Corners:

1. Culture (Europe - US): Independent of their actual (physical) location, business schools can be classified according to whether they follow the European or the US model.
2. Compass (international/global – regional/local): Business schools can be classified along a continuum, with international/ global schools on one end and regional/ local schools on the other.
3. Capital (public – private): Business schools can either be publicly (state) funded or privately funded, for example through endowments or tuition fees.
4. Content (teaching – research): Business school can be classified according to whether a school considers teaching or research to be its primary focus.

Some business schools structure their teaching around the use of case studies (i.e. the case method). Case studies have been used in Graduate and Undergraduate business education for nearly one hundred years. Business cases are historical descriptions of actual business situations. Typically, information is presented about a business firm's products, markets, competition, financial structure, sales volumes, management, employees and other factors influencing the firm's success. The length of a business case study may range from two or three pages to 30 pages, or more.

Students are expected to scrutinize the case study and prepare to discuss strategies and tactics that the firm should employ in the future. Three different methods have been used in business case teaching:

1. Preparing case-specific questions to be answered by the student. This is used with short cases intended for Undergraduate students. The underlying concept is that such students need specific guidance to be able to analyze case studies.
2. Problem-solving analysis is the second method initiated by the Harvard Business School which is by far the most widely used method in MBA and executive development programs. The underlying concept is that with enough practice (hundreds of case analyses) students develop intuitive skills for analyzing and resolving complex business situations. Successful implementation of this method depends heavily on the skills of the discussion leader.
3. A generally applicable strategic planning approach. This third method does not require students to analyze hundreds of cases. A strategic planning model is provided and students are instructed to apply the steps of the model to six – and up to a dozen cases – during a semester. This is sufficient to develop their ability to analyze a complex situation, generate a variety of possible strategies and to select the best ones. In effect, students learn a generally applicable approach to analyze cases studies and real situations. This approach does not make any extraordinary demands on the artistic and dramatic talents of the teacher. Consequently, most professors are capable of supervising the application of this method.

In contrast to the case method some schools use a skills-based approach in teaching business. This approach emphasizes quantitative methods, in particular operations research, management information systems, statistics, organizational behavior, modeling and simulation, and decision science. The leading institution in this method is the Tepper School of Business at Carnegie Mellon University. The goal is to provide students a set of tools that will prepare them to tackle and solve problems.

In addition to teaching students, many business schools run Executive Education programs. These may be either open programs or company-specific programs. Executives may also acquire an MBA title in an Executive MBA program within university of business or from top ranked business schools. Many business schools seek close co-operation with business.

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Global Management Degrees

The Global Management program helps current and future global managers gain the specialized skills needed to lead multicultural and multinational work forces.

The curriculum is structured with two primary goals in mind: to provide you with a broad-based understanding of the economics of international business operations, and to prepare you for managing human and material resources within various cultural, legal, and political contexts.

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