The International Finance Corporation S Mba Survey

Graduate education in business administration was developed in the U.S. around the turn of the twentieth century. MBA and similar graduate-level business programs took hold more slowly in other countries, but the number of such programs expanded more rapidly from the 1960s onward. In an effort to determine what firms from these countries require from business school graduates, the IFC used its extensive contacts with these firms to conduct a survey of the quality of business education in these countries. The survey results imply that the strengths and weaknesses of developing and transition country MBAs seem to overlap with those of MBAs from the U.S.: managers in the U.S. and in the developing countries find that the technical and analytical skills of MBAs are well developed while the practical training/skills and communication/language skills of MBAs are significantly lacking. On the whole, only the African and Middle Eastern firms were significantly dissatisfied with the quality of local MBA graduates. The survey results show that MBAs worldwide are not fully satisfying the needs of firms. Each of the other regions of the world has its own particular weaknesses, while at the same time some common weaknesses (such as work experience and communication skills) stand out. These results show that a cookie-cutter approach to training MBAs cannot work. Rather, MBA programs have to be tailored to suit the needs of the local business community while also teaching common business fundamentals.

Graduate education in business administration was developed in the United States around the turn of the twentieth century. MBA and similar graduate-level business programs took hold more slowly in other countries, but the number of such programs expanded rapidly from the 1960s onward. In an effort to determine what firms from other countries require from business school graduates, the International Finance Corporation conducted a survey of the quality of business education in these countries. The survey results imply that the strengths and weaknesses of developing and transition country MBAs seem to overlap with those of MBAs from the U.S.: managers in the U.S. and in the developing countries find that the technical and analytical skills of MBAs are well developed while practical training and communication skills are significantly lacking. On the whole, only the African and Middle Eastern firms were significantly dissatisfied with the quality of local MBA graduates. The survey results show that MBAs worldwide are not fully satisfying the needs of firms. Each of the other regions of the world has its own particular weaknesses, and at the same time some common weaknesses (such as work experience and communication skills) stand out. These results show that a quot;cookie-cutterquot; approach to training MBAs cannot work. Rather, MBA programs have to be tailored to suit the needs of the local business community while also teaching common business fundamentals.This paper - a product of the Global Business School Network, International Finance Corporation - is part of a larger effort to build the capacity of business schools in developing countries to train local managers.

Business education is a critical ingredient in establishing a viable middle class of managers in transitioning and developing economies. Compiled in association with the Center for International Business Education and Research, this comprehensive examination of business and management education, pedagogical models, and curricula innovations in institutions around the world is the first such work to emphasize emerging markets.

OECD's periodic review of Korea's economy. This edition includes chapters covering the recovery and short-term outlook, macroeconomic policy, the financisl system, the health care system, and Korea's green growth strategy.

Managing organizational talent, of both current employees and possible recruits alike, is a key factor of running a successful business. A company is only as good as the staff, and studying the most effective ways to cultivate these groups can allow business managers an easy way to boost efficiency within their ranks. Driving Multinational Enterprises Through Effective Global Talent Management provides a comprehensive examination of the latest strategies and methods for attracting, selecting, training, developing and promoting employees within an organization. Highlighting innovative practices and applications across a variety of areas such as expatriate staffing, talent identification, and multinational company practices, this book is an ideal reference source for company owners, organization managers, practitioners, business students, and researchers that are interested in learning more about current trends and techniques in talent management.

The Information and Communication Technology revolution results in profound changes to the heart of business and economics. Changes in the workplace, new communication technology, new organizational structures, and new production technologies force business educators to renew their focus on the curricula of business schools. There is no doubt these changes influence business education and instructional technology. But change will go far beyond the mere introduction of technology in the classroom. Alliances between the corporate world and business education are no longer fictitious but are necessary to establish stronger bonds between educational systems and the workplace. The fifth volume in the series Educational Innovation in Economics and Business contains a unique selection of articles addressing various issues on how business education should adapt to changing needs of the corporate world. It is meant for educators in corporate training centers, and for teachers in further and higher education.

The book is fundamentally designed to serve as an introduction to the study of Multinational Financial Management for students and managers with little previous exposure to the details of this area. The book provides an overview of the financial environment in which multinational firms operate. It also provides a thorough discussion on the Balance of payments and international financial institutions and financial markets. It also discusses the organization and operations of the foreign exchange.

International Financial Management provides an effective and detailed presentation of important concepts and practical application in today’s global business environment, which includes: • Foreign Exchange Market • International Financial System • Eurocurrency Market • Currency Futures & Options • Swaps • Country Risk Analysis • Capital Budgeting The key highlight of this book is that it uses several examples (both numerical & theoretical) to highlight the applications of various dimensions of international finance. This book aims to fulfil the requirement of students of PGDM, MBA, M.Com., Master of Economics, Master of Finance & Control (MFC), MIB, other Post Graduate Diploma in Risk Management & other post-graduate specialized disciplines. The Present Publication is the 4th Edition, authored by Prof. Madhu Vij. The book has been organized around five major areas, namely: • [International Financial Environment] emphasizing its institutional set-up while discussing why is it important to study international finance. This area is further subdivided into four chapters, namely: o Overview of the International Financial Management o History of International Monetary System; Emphasis on Bretton Woods System o International Financial Institutions with a particular focus on the World Bank, International Monetary Fund (IMF), and European Monetary System o Balance of Payment Concepts and Accounting • [The Foreign Exchange Markets] o Derivatives o Foreign Currency Futures and Options Contracts that are traded on Stock Exchanges o Forex Markets with an emphasis on Fundamentals of Forex Trading, Overview of Operations of the Spot and Foreign Exchange Markets, How is Foreign Exchange Quoted and Traded Worldwide • [Managing Foreign Exchange Exposure] o Management of Foreign Exchange Risk with a discussion on kinds of exposure MNCs face o Translation Exposure or Accounting Exposure, which discusses the various methods for translating financial statements o Management of Transaction Exposure that arises from contractual obligations denominated in a foreign currency o Management of Economic Exposure • [Financial Management of the Multinational Firm] o Foreign Direct Investment o Cost of Capital and Capital Structure of the MNC o Application and Interpretation of MNC Capital Budgeting explaining various methods with the help of numerical examples and case studies o Multinational Cash Management o Identifies and Analyses the Various Dimensions of Country Risk Analysis o Eurocurrency and Eurobond Market • [Managing Foreign Operations] o Interest Rate and Currency Swaps explaining how they can be used to reduce financing costs and risks o Global Depository Receipts and American Depository Receipts