Globalization, or as some would argue regionalization, has transformed not only the world economies but also the power dynamics from developed countries to emerging economies. The 20th century saw economic and political power in the developed countries. However, the 21st century is witnessing a change of economic and political power from not only the developed countries but also the emerging economies such as Brazil, India, China and Russia (BRIC). Further, globalization has introduced many benefits through technology to nearly all the countries in the world. For example, China, a centrally planned government today has a free market system; a new and successful economic model the world has never witnessed before. However, the benefits have been matched with many challenges for these same countries; such as child labor practices, corruption, and so on. Today, it is imperative that global leadership have an in-depth understanding of Emotional Intelligence (EQ), Cultural Intelligence (CI), and avoid ethnocentrism, as well as a self-reference criteria. Further, global leaders, international marketers, and anyone doing business in a foreign country will meet the challenges of understanding the differences in political, economic, legal, socio-cultural, and environmental systems.
Therefore, this specialization prepares students with a unique perspective to these issues; by focusing on the essential elements required to understand and manage multinational and international organizations. Further, this specialization provides students with a comprehensive education and training in interdisciplinary subjects of management, law, government, diplomacy, international studies, economics, finance, and marketing; such as the international business environments, the global market environment, the cultural environment of global business, international strategic management, international business law and its environment, total quality management in international business, and so on, and through the application of rigorous and quality advanced qualitative and quantitative research methodologies, and problem-solving techniques. Students will complete a final written research project, demonstrating the ability to conduct an investigation on a workplace problem, identify an area for intervention, critique, justify, and recommend a plan of preventative action. To this end, this specialization helps to prepare students for careers in international leadership and management, international marketing, international consulting and international trade; as well as prepares students for international teaching positions in post-secondary institutions of higher education at home or in a foreign country.